Housing

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Hundreds of Des Moines properties aided by Invest DSM programs

A few weeks after Melisa Nouchanthavong and her husband bought their first house, they discovered problems with its foundation, including a wall that was nearing collapse.

 

“We needed a basement gutter system and braces …

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Development of $28 million housing project underway in Pleasant Hill

Hubbell Realty Co. this month began construction for Forge65, a 162-unit townhouse and apartment development located on about 8 acres south of Iowa Highway 163 at Northeast 60th Street in Pleasant Hill. The project was originally …

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New home construction slows in most metro communities

New home construction slowed in most Des Moines-area communities during the first three months of 2022, with 850 building permits issued, 17% fewer than the 1,023 issued during the same period a year ago.

Of …

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Grants for downtown housing projects announced

Nearly $20 million in grants to support downtown housing has been distributed to 61 Iowa communities, Iowa Gov. Kim Reynolds announced last week.

The awards, made through the state’s downtown Housing Grant program, will create …

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NOTEBOOK – ONE GOOD READ: Rising interest rates sparking higher down payments for home loans, return of ARMs

Last week, the average interest rate for a 30-year home mortgage was 5.1%, the highest it’s been since December 2009, according to data compiled by FreddieMac. The higher interest is pushing some buyers out of …

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NOTEBOOK – ONE GOOD READ: How far would you go to buy a home?

What would you do to buy the home of your dreams? For many Americans, they would consider taking a second job to help save for a down payment. For others, they would consider taking more …

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Iowa evictions predicted to close in on record in 2022

Axios Des Moines: Iowa Legal Aid expects evictions to be near record levels this year as tenants find themselves without safety nets, due to the loss of emergency COVID-19 aid. The state is on track to …

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Rising interest rates, home prices pushing buyers out of housing market

Escalating sale prices of houses coupled with rapidly rising interest rates is pushing homeownership out of the reach of some buyers, local housing experts say.

In March, the  median sale price of a home in …

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NOTEBOOK – ONE GOOD READ: Investors buying newly built houses and turning them into rentals

Rental housing is becoming increasingly popular among investors, according to a recent article in the Wall Street Journal. John Burns Real Estate Consulting LLC and the National Rental Home Council, a landlord trade group, reported that …

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Luxury townhouses planned along Grand Avenue in Des Moines

Seven luxury townhouses are planned at Grand Avenue and 40th Street in Des Moines. Each townhouse, which will sell for $1.3 million, will have an elevator. Architectural rendering by Simonson & Associates Architects

Seven luxury townhouses …