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Real Estate and Development

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Minus distressed sales, Greater Des Moines home prices increased 2.1 percent in February

Home prices in Greater Des Moines, including distressed sales, declined by 0.9 percent in February and 0.8 percent in January compared with year-ago data for each month. according to a report today from CoreLogic Inc. …

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Report: Mortgage performance improved slightly in fourth quarter

The performance of first-lien mortgages serviced by large national and federal savings banks changed very little during the fourth quarter of 2011, according to a report released by the Office of the Comptroller of the …

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R&R Realty ready to build

R&R Realty Group is preparing to break ground on a 142,000-square-foot warehouse at its Interstate Acres complex near Interstate 35/80 in Urbandale.

The $5 million structure joins a small list of speculative warehouse buildings that …

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Foreclosure, delinquency rates dropped in Greater Des Moines

Foreclosure rates in Greater Des Moines decreased in January from the same time last year, according to research firm CoreLogic Inc. The rate of foreclosures among outstanding mortgage loans was 2.57 percent in January compared …

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Pending home sales dropped last month, but up over the year

Pending home sales edged lower in February, according to a report today from the National Association of Realtors, CNBC reported.

The pending home sales index slipped by 0.5 percent to 96.5 in February from 97  …

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Burnett Realty merges with national franchise

Clive-based Burnett Realty has merged with national real estate company Keller Williams Realty and will operate under the name Keller William Greater Des Moines. Doug Burnett, who founded the company bearing his name in March …

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Toro plans a move to Ankeny

Toro plans a move to Ankeny By Kent Darr     The Ankeny City Council will have a public hearing April 2 to consider a variety of development incentives for the proposed Toro Co. distribution…
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Home builders remain confident

A measure of sentiment for builders of new single-family homes in March stayed at the highest level in close to five years after a downward revision to the preceding month, MarketWatch reported after the release …

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Construction prices rising

For the second consecutive month, national prices for construction materials and supplies increased, rising 0.9 percent in February after an increase of 0.4 percent in January, according to the U.S. Labor Department’s March 15 producer …

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CMBS payoffs spiked in February

The percentage of commercial mortgage-backed securities (CMBS) paying off jumped sharply in February, posting the second-highest reading since December 2008, according to new data from Trepp LLC, GlobeSt.com reported.

CMBS loans maturing at their balloon …