It's the *2024 Year-End Prediction Review* with Les Sulgrove. Tune in as Les revisits his bold market forecasts from earlier in the year, analyzes the ups and downs of inventory, sales trends, and mortgage rates, and gives his insights on what to expect for 2025. Was he spot on or way off? Find out in this can't-miss episode filled with surprising data and predictions for the year ahead!
Catch a recap of the standout session with Dr. Lawrence Yun and Dr. Jessica Lautz as they dive into the latest economic trends and market insights. From optimism in the housing market to regional price differences and the impact of federal policies, this episode covers it all. Whether you’re a seasoned agent or just curious about the real estate landscape, join us for key takeaways and a deep dive into what’s next for buyers, sellers, and the industry at large!
In This Week’s Latest Market Report -
Don't miss out on these insights—watch now to stay ahead in the real estate game!
In this week’s SimplyDesMoines Market Values show, Les Sulgrove discusses the "Make Me Move" interest rate: a critical threshold between 5.5% and 6% where many homeowners are willing to enter the market. With current rates over 6.5%, fewer sellers are jumping in—but when rates dip closer to 6%, expect a renewed boost in market activity.
In this week’s SimplyDesMoines Real Estate Market Update, get ready for exclusive insights from Dr. Lawrence Yun, Chief Economist for the National Association of REALTORS, who was in town for the Iowa Association of Realtors convention. Les Sulgrove shares key takeaways from Dr. Yun’s talk, including his expert predictions on market trends, interest rates, and home affordability. Don’t miss this episode for a breakdown of Dr. Yun’s forecasts and how they directly impact the Des Moines real estate market!
Catch this week’s Simply Des Moines Real Estate Market Update for the latest on Central Iowa’s housing trends. Les Sulgrove dives into current inventory levels of existing home stock, buyer sentiment, and the outlook for the rest of 2024. Whether you're buying or selling, this update provides key insights to help you navigate the market.
Tune in to Les Sulgrove's "Simply Des Moines Market Values" for a detailed review of the September and Q3 2024 real estate trends. Get insights on inventory levels, pricing shifts, and key market data for the Des Moines Metro area, all backed by 60 data-packed informative graphics.
There are many changes and challenges in the current real estate market. This week I am focusing on what we can and what we can’t control. The continued fall of 30-year mortgage interest rates is boosting pending sales and spurring on some pretty major price reductions as we are ready to begin the 4th Quarter of the year.
This week on Simply Des Moines Market Values, Les Sulgrove delves into the idea of "finding meaning in the meaningless" in the context of real estate. With big news like the Federal Reserve's recent 0.5% rate cut, he breaks down what this could mean for mortgage rates, inventory levels, and the overall market. Tune in for insights on how these changes could impact buyers and sellers as we move into the fall season!
Stay ahead of Des Moines real estate trends with our weekly video market report! In Week 37, we’re diving into the three biggest factors impacting the market—inventory, prices, and interest rates. Don't miss the latest insights, including data from the Fannie Mae National Housing Survey, to help you make informed real estate decisions.
Catch this week's Des Moines Market Values video for an in-depth look at the local real estate market's growing sense of urgency. From shifting sales trends to price reductions, discover why now might be the time to act. Tune in to get the latest insights, and don't forget to subscribe for updates!
Des Moines Market Values review for August is packed with insights! This month saw a slight increase in the number of homes listed, reversing a three-month downward trend, while mortgage interest rates dropped, encouraging more buyer activity. Despite some fluctuations, the market shows signs of stabilization, with consistent median list prices and a rebound in pending sales post-Iowa State Fair. As we move into the final months of the year, keep an eye on mortgage rates and inventory trends, which could influence market dynamics. Don't miss out on the latest updates at Des Moines Market Values!
Get ready for an exciting episode of Simply Des Moines Market Values! As we wrap up summer and dive into the last 18 weeks of 2024, we'll be forecasting the future of the Central Iowa real estate market. Despite the unpredictable weather, our data-driven analysis promises to provide valuable insights on inventory trends, pricing forecasts, and what to expect as we head into the final months of the year. Tune in and stay ahead of the market with us!
Curious about how the Iowa State Fair impacts local real estate? This week's market update dives into whether home sales take a hit during the fair. Les Sulgrove has completed in-depth analysis, and the results might surprise you! Tune in to find out if the fair frenzy slows down the market and what it could mean for buyers and sellers in the coming weeks.
Mortgage Rate Fever Has Broken! - Just like goldfish, we remember the low mortgage rates of the past, but today’s rates are finally on the downward slide, now dipping below 6.5%. Stay informed with SimplyDesMoines’ weekly real estate market report, where Les Sulgrove explores how these changes are influencing the Central Iowa market and what it means for you.
July sales are in the books! Stay informed with the latest insights on Central Iowa's real estate market! Discover how shifting inventory levels, pending sales trends, and median prices are shaping the landscape in 2024. Plus, learn why price reductions and closed sales numbers could be key indicators for your next move.
Discover the behind-the-scenes process of market analysis with Les Sulgrove on this week's episode of "Geek Week"! Uncover the meticulous steps and raw data insights that go into producing weekly real estate market updates. Whether you're a visual learner or a data enthusiast, this episode promises to reveal the intricate details of data interpretation and how it shapes market trends. Don't miss out on this unique deep dive!
On this week’s show, we're sitting down with David Bell from Gershman Mortgage to explore the latest changes in buyer representation and their impact in the real estate and mortgage markets. Get expert insights from a lender's perspective and learn what these shifts mean for homebuyers and home sellers. Don't miss out on this informative and entertaining episode!
Curious about the latest shifts in the Des Moines real estate market? Join Les Sulgrove as he dives into post-July 4th trends, exploring if this year marks a unique bounce back. With insights from the latest Fannie Mae reports and local market data, this video is packed with valuable information on buyer sentiment, mortgage rates, and more. Don't miss out—hit subscribe and stay informed on all the real estate buzz!
Join Les Sulgrove as he interprets the Des Moines housing market's mid-year review, providing valuable insights from seven years of historical data. Discover how the market has evolved, the impacts of COVID-19, and the promising recovery in inventory levels. Whether you're a buyer, seller, or investor, gain a strategic advantage with Les's expert analysis on trends in home values, inventory fluctuations, and market stability. Stay informed and ahead of the curve in Des Moines real estate!
Join us for this week's market update as we review the key highlights from June and discuss the latest trends in the real estate market. Inventory has reached its highest point since last year, with 683 more homes on the market, and median list prices have slightly decreased, giving homebuyers more confidence. We'll also touch on the impact of current mortgage rates and what to expect in the coming months. Tune in for all the details and don't forget to like, share, and leave your questions in the comments!
As we approach the halfway mark of the year, we'll dive deep into the latest trends across four key market segments, including an in-depth look at the condo and townhome sectors, thanks to viewer Marva McCarty's suggestion. Discover significant inventory changes, pricing trends, and sales data to stay informed and make the best real estate decisions. Don't miss this comprehensive overview of what's driving the market this week!
Join us this week at Simply Des Moines Market Values, where we break down the latest headlines in Central Iowa real estate! It's National Homeownership Month, and we're diving into Fannie Mae's latest Home Purchase Sentiment Index report, which shows a surprising drop in homebuyer sentiment. We'll compare this national data to our local market trends and help you understand what it all means for your home buying and selling decisions. Tune in to get the insights you need!
Join Les Sulgrove for this week's Des Moines and Central Iowa real estate market update! Les delves into the fascinating topic of the real estate cycle, explaining the typical 10-year phases: expansion, peak, slowdown, and recovery. He shares insights on how the local market is currently experiencing a slowdown, with an eye towards recovery and potential expansion by 2025. Discover how these cycles affect home inventory, buyer demand, and prices, and gain valuable knowledge to navigate the market effectively. Don’t miss this comprehensive analysis to stay ahead in the real estate game!
Welcome to the Des Moines Real Estate Market Update with Les Sulgrove! In this episode, we review the key trends for May 2024, including rising home inventories, fluctuating mortgage rates, and record-high median sale prices. Stay tuned to get the latest insights and make informed decisions in this dynamic market.
It’s summer’s kickoff weekend! Today, I will explore the dynamic trends in homes for sale and pending listings from 2009 to the present. I’ll also examine how median sale prices have stabilized post-COVID, review the steady pace of closed sales, and assess the impact of mortgage interest rates, which remain higher yet more consistent compared to 2023
Welcome to this week’s video! Today I’m discussing a challenging situation with a single-family two-story home that's been slow to sell despite recent price reductions totaling 10% from the original listing. We'll explore current market trends, particularly in pending sales, to understand if the slower buyer response is a broader market issue or specific to this listing. Join me!
This week, I am bringing you housing and market information from NAR Legislative meetings held last week in Washington DC. Since 1995, the U.S. population has surged by 70 million, driving demand in a market already constrained by a persistent shortage of homes for sale. As a result, first time home buyers continue to suffer the most coupled with having to compete with investors in the entry level price points and mortgage interest rates at or near 7%. In all this, there is still optimism and hope. Join me for a special NAR economic update report.
Every month it is becoming apparent that the real estate market is returning to pre-covid activities. Homes for sale inventory is climbing and sale prices are leveling off. Time on the market is at a slower pace than what we’ve seen the last two years. The market is finding its balance.
It sounds like a simple solution! There are over 2,400 REALTORS in the Des Moines Area Association of REALTORS and if everyone would just list one house this next week, the listing shortage would be over!
With the 30-year fixed rate mortgage average rising above 7%, the question on many minds is if this affecting the real estate market.
There are so many distractions in the real estate industry. Rather than letting that drag you down, focus on what you can control in your business.
Real estate started more like a small lion and ended the month as a larger lion. Most every category improved as the days went on. This week’s show recaps those highlights and formally sets the stage for real estate in the second quarter.
We are at the end of the first quarter for 2024 and signs continue to show a track for an improved real estate market over 2023.
All of the market indicators are pointing to a strengthening market. Homes for sale are on the rise, pending sales are making a statement and all of this means that we are on track to close more homes in 2024 than last year.
I’m on the road this week at an “undisclosed” location according to my special guest. In fact, he commandeered the show and held me hostage. Let’s see how he did! This week is all about Existing Home sale activity.
Mortgage interest rates and the economy. There’s no surprise that consumers are sensitive to the cost of borrowing money for a mortgage.
Mortgage interest rates and the economy. There’s no surprise that consumers are sensitive to the cost of borrowing money for a mortgage.
February was the nicest month of the year so far! How often can you say that! What business was delayed in January picked up in February with a boost in new listings and more offers accepted. I’ll take a 29 day February like this any year!
This is the final week of a three week series on the market pricing and trends. Focusing on Sold data, this week is interesting as some numbers are down due to the heavy winter weeks at the beginning of the year.
The second week in a three week series looking sale and pricing trends continues with the spotlight on Pending transactions.
It’s almost the middle of February already and with an early spring predicted, I thought it would be a good idea to take a look at early home inventory and pricing trends.
Ok, I know it just feels like January was extended.. but it was worth the wait for 50 plus degree temps for the start of February!
This year’s report is an extended video with links to Jump In segments like I did the last two years. Besides the video, the link to this week’s show contains over 800 graphics complied from this year’s data!
As I am finishing up the 2023 Year in Review charts and graphics, I want to show you the updated format for my graphics this year. **Bonus Sneak Peek of Year End**
After a second year of rising mortgage interest rates, home values in most of the metro markets showed a positive gain in price appreciation.
This week’s show focuses on December and 4th Quarter market activity for 2023.
I’ve taken a snapshot of the last day of 2023! In the coming weeks, I will be reporting on these numbers and prices.
This week broke a record for the year with more weeks in a row of mortgage interest rate drops that equates to over a 1% downward change.
Mortgage interest rates have dropped for the past seven weeks and that has encouraged many homebuyers to get back out in their cars and look at homes.
With the drop of mortgage interest rates now in the 6% range, homebuyers are taking advantage and going under contract rather than give up the search until January.
November was more about mortgage interest rates finally falling after hitting a 23 year high.
We are almost down to the final month of the year and it’s time to make a few projections about where the local real estate market for 2023 will end up.
This years report brings cautious optimism for the housing market for 2024
Last week, it seemed like the price ceiling was falling for new construction homes.
This week’s show is all about what happened in October.
It’s time to be an observationalist!
This week I’m focusing on the comparison of key year to date metrics vs 2021 & 2022.
This is one of the most common statements of a home seller at the time they list their home.
This week is a closer look at how the 3rd Quarter of this year compared to Q1 & Q2
The biggest news for September real estate news would be Mortgage Interest Rates and surpassing 10,000 closed sales for the year.
I have a question this week. Does history repeat itself?
This week I’m talking about how sale pendings can drive the year end closed sale counts. The outlook is encouraging!
How Many Homes Will Sell in 2023?
Affordability is slowing the Central Iowa Real Estate Market resulting in slower home sales pace.
This weeks show I'm taking a look at some of the activity that is “outside the norm”.
This past week, I watched a replay of Altos Research’s monthly webinar titled “Early signals for the fall real estate market”
On the surface, it looks like we have growth in our home inventory - What's really driving these numbers?
This week’s show is all about what happened during the month of July in Central Iowa real estate
The Central Iowa real estate market is changing. Home prices are beginning come down, ever so slowly.
In a real estate market that is driven by headlines and news stories, it's important to look past the hype and search for the real story.
This week’s show is an in depth look into the Central Iowa market. I am looking at different factors that affect the market pace including unemployment, buyer demand, savings for down payments and of course mortgage interest rates and home prices!
This week I dive into the real estate market activity for Central Iowa during the second quarter of the year. Join me as I explore the latest trends, property values and mortgage interest rates that shape the real estate market landscape.
Welcome back to Simply Des Moines market update! Home sales in Central Iowa have surpassed the milestone of 6,000 closed sales only 22 days after going past 5,000!
In this weeks video, I bring you a comprehensive overview of the market data, highlighting the weekly trends and shifts that occurred through the last week of spring.
In this week’s video, I analyze today’s real estate market trends compared to 2019.
The Summer market is knocking on the door with only about three weeks of spring left!
In an effort to make each day’s Hotsheet report more valuable, I have enhanced the Daily Market Hotsheet format.
The last time home sales were at this level was in 2019, just prior to Covid. Week 20 home inventory levels rose week over week by the largest margin all year as the pace of sales see a three week decline.
Join Les Sulgrove with this week’s Des Moines Market Values video as he brings you a recap of NAR Chief Economist, Lawerence Yun’s message to REALTORS in Washington DC last week. Discover valuable insights and find out what this means for buyers, sellers, and homeowners here in Central Iowa as the spring market is gaining momentum.
An inverted market occurs when the number of homes under contract exceeds the number of homes for sale.
The Central Iowa real estate market is experiencing a leveling off in the number of homes for sale.
More buyers are hitting the streets this past week evidenced by a rise in pending sales.
I update the Daily Market Hotshot at the end of every day.
There’s no denying it.. this real estate market is different from the last couple of years.
End of March and End of 1st Quarter numbers are out! Some interesting trends are beginning to appear as we await the first sounds of lawn mowers firing up in the Central Iowa market!
As spring weather tries to take hold, this past week saw a milestone arrive in closed sale counts and median sale prices are stabilizing.
Spring officially arrived today! (Monday) And this week is showing signs of an uptick in the market pace, which should be no surprise.
All Heck Is About The Break Loose In The Central Iowa Real Estate Market
This week’s show is a recap of the February market.
The focus this week is on Year over Year trends with an added Year from a suggestion!
Join me this week and we’ll talk about where we are as we head to the spring market.
This weeks show is all about the pace of the real estate market. We are poised for good things to happen in 2023!
It’s official! The Punxsutawney Phil woke up and saw his shadow this past week, which translates into six more weeks of winter real estate sales.
This week I introduce new updated weekly graphics to compare with 2022. I also debut a Daily Market Hotsheet report that will be published every evening at www.DesMoinesMarketValues.com. Lastly, what can we learn from New Construction Condo/Townhomes so far this year? Click that YouTube link and sit back for a few minutes and find out!
I'm working overtime to update and revamp all of my weekly market stats!
You've been waiting for it and it's now available! 2022 Year In Review show is here!
End of December Market Report AND Sneak Preview of Year End Sales
4th Quarter Analysis of Central Iowa Real Estate
Followup To Last Week - The Swing In Sold Pricing This Year
The Swing In List Pricing This Year
Final Year End Projections Week!
November End of Month Recap - 11 Down - 1 To Go!
Comparison Week - 2022 vs 2021 At Thanksgiving
Managing Year End Expectations
What Do You Get When You Cross A Real Estate Convention And A Hurricane?
October Home Sales End with No Tricks and Some Treats
Year End Predictions
ABC - Always. Be. Closing.
It's Decision Pending Week
Three of Four Quarters of Central Iowa Real Estate Is In The Books!
End of September Special Report for Central Iowa Real Estate
Highs & Lows Of New Construction In The Central Iowa Real Estate Market
Travel Back To 2008 In The Central Iowa Real Estate Market
Spotlight On Central Iowa New Construction Condo-Townhomes
Labor Day Is Upon Us As Central Iowa Real Estate Heads Toward Fall
Change Ahead - The Central Iowa Real Estate Cycle Explained
Is The Central Iowa Real Estate Market At A Crossroad?
You may have noticed that the Iowa State Fair has started, the heat indexes have been high, vacation season is in full swing and every school age child is preparing to get back to class! What does this mean for the Central Iowa real estate business? Hit the play button and find out!
Should I say or should I make you watch this week’s video to find out? It’s a short one…. I think I’m going to keep the tease going and all I will say is that “It Finally Happened!!”… Now hit that play button!
Familiarity Returns To The Des Moines & Central Iowa Real Estate Market
We Are Beginning To See Serious Price Reductions In The Des Moines & Central Iowa Real Estate Market
Des Moines Real Estate Market Stats Exposed! - I Mean Revealed!!
My Favorite View Of Des Moines Real Estate Market Stats - By Quarter!
Fireworks! - Breaking News! - End of June Recap!
This Week I’m Cleaning Out The Fridge! It’s Des Moines Market Stat Leftover Week!
The Federal Reserve Rate vs Home Mortgage Interest Rates - Explained!
Are Price Reductions Making A Comeback In Des Moines Real Estate?
How Different Was May 2022 Compared to May 2021?
What To Watch For In A Changing Market
Forget About Signs of Change - It’s Time To Adapt!
It's Nerd Week! National Real Estate Market vs Central Iowa
Signs, Signs, Everywhere Are Signs...
How Far Has Buying Power Dropped Since January 2022?
Show Me The Comps!
Dress For The Weather!
It's Time For A Market Checkup
It's Time For A Market Checkup
It's Time For A Market Checkup
The Sky is Falling! The Sky is Falling!!
It’s Open House Season!
February Market Review for Central Iowa Real Estate
Congratulations! It's a Listing!
Is There Such A Thing As Months of Inventory?
What’s The Deal About Sale Pendings?
Des Moines Real Estate Market Stats 100th Episode!
A Peak Behind The Curtain Of Des Moines Real Estate Market Stats
Des Moines Real Estate And The Big Slide
For Des Moines and Central Iowa
Des Moines Real Estate Survives Winter Storm Izzy
It's a New Week, a New Year and a New Show Format!
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