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Real Estate and Development

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Pending home sales fall in June

Contracts to buy previously owned homes fell in June, Reuters reported. The National Association of Realtors (NAR) said fewer properties came on the market, pointing to weak home resales in July.

The industry group said …

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U.S. home sales decline in June

New residential home sales sank 8.4 percent from May to June, according to data released today by the U.S. Census Bureau.

In June, new residential home sales were at a seasonally adjusted annual rate of …

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For a California building seeking LEED, the forest was greener in Iowa

Des Moines-based Meidh Corp. led the owner of a California building to a farm in southwest Iowa in an effort to obtain a sustainability certification for existing buildings.

In order to meet the U.S. Green …

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More than one way to fund reduced-rate housing

Principal Real Estate Investors will pay the city of San Francisco $15.1 million rather than include below-market-rate apartments in a 52-story residential tower it is developing at the top of the city’s Rincon Hill. The …

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Foreclosures increased in May

Lenders picked up the pace of foreclosures in May in Greater Des Moines compared with a year ago, real estate analytics firm CoreLogic Inc. said today. The rate of foreclosures among outstanding loans increased 0.04 …

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Tom DeWaay joins NAI Ruhl & Ruhl Commecial Co.

Thomas DeWaay, who helped launch a Greater Des Moines office for Marcus & Millichap Investment Services, has joined NAI Ruhl & Ruhl Commercial Co. in West Des Moines as a broker. “He’s a great guy …

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Home prices continue to rise

Home prices have risen 2.1 percent from the first quarter and are up 0.2 percent for the year, according to a report released this morning by Zillow.

The median home price is $149,300, according to CNNMoney. …

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Goldman Sachs improves housing outlook

Goldman Sachs Group Inc. released a report today upgrading its outlook for the housing industry. 

The report upgraded the industry’s rating from neutral to attractive, according to Bloomberg. Analysts for the company cited more people …

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Belin hires Hildebrandt as its first business development director

Ben Hildebrandt will leave the Iowa chapter of the American Institute of Architects on July 27 and go work the following Monday as the first business development director for Belin McCormick P.C., one of Greater …

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Branstad urges Iowans to discuss housing

Gov. Terry Branstad is encouraging Iowans to attend one of eight public meetings to discuss housing needs across the state.

The meetings are sponsored by the Iowa Finance Authority and RDG Planning & Design. 

“The …

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