DES MOINES, Iowa – While many Polk County neighborhoods have seen a strong rebound in home values since the recession, some have seen no recovery at all. The result is a widening gap between the haves and have nots.
In many ways, the metro Des Moines housing market has never been stronger.
Home prices have reached record highs, and Polk County’s median home value has climbed to nearly $150,000. A wave of new homebuyers has prompted fast-paced sales. Bidding wars have broken out for homes in popular neighborhoods, where prices have surged more than 10 percent since the housing crash in 2008.
Read the full story on the Des Moines Register.