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Real Estate and Development

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Mortgage rates fall to record low

Mortgage rates fall to record low Mortgage rates for 30-year U.S. loans dropped to the lowest level on record amid signs the housing market may be set for a turnaround, Bloomberg reported. The average rate…
By BPC Staff | Dec 22, 2011
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Hewlett-Packard facility sold to HSA Commercial

Hewlett-Packard facility sold to HSA Commercial Opus Development Corp. today announced the sale of a recently completed industrial facility at Army Post Road and S.W. 34th Street. The 300,000-square-foot facility has been sold to HSA…
By BPC Staff | Dec 22, 2011
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Finance Authority approves housing trust fund grants

Finance Authority approves housing trust fund grants The Iowa Finance Authority (IFA) board of directors recently approved a total of more than $4.8 million in grants to 25 Local Housing Trust Funds, which will help…
By BPC Staff | Dec 21, 2011
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Home builders are confident

Builder confidence in the market for new single-family homes edged up to 21 in December from 19 the previous month, the National Association of Home Builders said today. This is the third month in a …
By BPC Staff | Dec 19, 2011
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U.S. housing market could provide shelter from global financial woes

The U.S. housing market, once the epicenter of the global financial collapse that spawned today’s European debt crisis, is on the verge of delivering some positive news, Reuters said.

For the first time since 2005, …
By BPC Staff | Dec 19, 2011
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Developers used loans to buy a condo, pay delinquent taxes

Developers used loans to buy a condo, pay delinquent taxes Greater Des Moines developers John Kline and Randy Walters used $6.7 million in construction loans to buy a condominium in Florida and pay delinquent property…
By BPC Staff | Dec 15, 2011
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Home sales ahead of last year’s numbers

Greater Des Moines home sales for 2011 stood at 7,083 at the end of November, ahead of the year-ago figure of 6,757, the Des Moines Area Association of Realtors said today.

In November, 591 homes …
By BPC Staff | Dec 12, 2011
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Greater Des Moines foreclosures up, delinquencies down in September

Greater Des Moines foreclosures up, delinquencies down in September   The rate of mortgage foreclosures increased in Greater Des Moines and delinquency rates dropped during September, real estate researcher CoreLogic Inc. said today. Foreclosure rates…
By BPC Staff | Dec 8, 2011
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Helmlinger retiring from Mid-America Group

Bank of America Corp. agreed yesterday to pay $315 million to settle claims by investors who said they were misled about mortgage securities offerings by its Merrill Lynch unit, Reuters reported.   The proposed settlement,…
By KENT DARR | Dec 6, 2011
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Construction added jobs in Greater Des Moines

Greater Des Moines added 1,100 construction jobs in the year ending in October, making it one of 140 metropolitan areas in the country to see an increase in construction hiring. The Davenport-Rock Island, Ill.-Moline, Ill. …
By BPC Staff | Dec 5, 2011
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