Comments on: Downtown Des Moines November Real Estate Sales

By: Bill

Bill — Thu, 20 Dec 2007 21:49:25 +0000

Walter: what do yo mean that wages are down in a major way. Unemployment in Iowa is 3.9% (compared to 4.7% nationally), which is considered to be “full employment” by economists, and the major employers in town are for the most part expanding with high paying jobs.

By: Walter

Walter — Thu, 20 Dec 2007 16:55:43 +0000

I think it’s largely price. Wages are down in a major way in the Des Moines area, and yet downtown housing has never been more expensive, both for purchase and rent. Builders and managers are shooting way too high in pricing these properties. I guess they’d rather have vacant properties than price their properties to sell (or rent).

By: Josh

Josh — Mon, 10 Dec 2007 17:26:36 +0000

I wouldn’t be so sure about that……About the caucus folks having that big of effect on the market downtown anyway.

By: TS

TS — Mon, 10 Dec 2007 14:24:00 +0000

I would like to rent one of the brownstones on grand, but with prices as high as they are, the rent would probably be 2000 month. I could probably find a better deal once the caucus folks leave downtown.