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Real Estate and Development

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Garnaas banrkuptcy the biggest, but not the last in real estate market

Garnaas banrkuptcy the biggest, but not the last in real estate market By Kent Darr   The collapse of real estate development companies, highlighted Wednesday by the bankruptcy filing of Jon and Faith Garnaas, with…
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Increase of Greater Des Moines mortgages in negative equity

The number of Greater Des Moines homeowners who owe more on their mortgages than their properties are worth increased during the third quarter, but remained below national averages, according to a report from real estate …

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Home sales ticked up in October

Home sales ticked up in October New single-family home sales rose in October and the supply of homes on the market fell to its lowest level since April of last year, the U.S. Commerce Department…
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A Closer Look: Eric Burmeister


What prompted you to leave the private sector?

First of all, I spent the first 30 years of my career in real estate development of some sort. Real estate is fundamentally a cyclical business, and …

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Construction employment rises in 25 states and D.C., decreases in 25 states

An analysis of Labor Department data by the Associated General Contractors of America found that construction employment rose in half the states while decreasing in half from October 2010 to October 2011.

The even split …

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Pickup in sales by mall tenants helps General Growth’s third quarter


General Growth Properties Inc., whose many shopping malls include Jordan Creek Town Center in West Des Moines, said net income for the quarter ended Sept. 30 was $252.1 million, compared with a loss of $231.2 …

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Construction materials prices drop slightly

 An Associated General Contractors of America report released today shows that construction materials prices dropped 0.6 percent in October but are still continuing to outpace building prices for the year, which is causing problems for …

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Home prices have a ways to fall before bottoming out

A mortgage specialist said today that U.S. home prices will probably decline an additional 6 percent to 8 percent before bottoming, Bloomberg reported.

Potential home buyers are being kept on the sidelines by policy-makers tightening …

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THE BIG QUESTION: Is the farmland bubble about to burst?


The average price of Iowa farmland has risen nearly $5,000 an acre in the last decade, fueled in part by what one broker calls “stupid neighbor” sales, in which farmers adjoining a piece of property …

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October home sales up in Des Moines from a year ago

October home sales up in Des Moines from a year ago October saw a 30 percent increase from a year ago in homes sold in the Des Moines area, according to the Des Moines Area…
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