The Senate approved the bill to extend unemployment benefits and modified the home buyer tax credit on Wednesday with a vote 98-0. On Thursday the House of Representatives approved the bill with a vote of 402-12 and it is expected to be signed by President Obama.
The new and improved home buyer tax credit extended the timeline, increased income limits and also included a tax credit up to $6,500 to buyers who have owned a home for 5 of the last 8 years. For more details, check out this comparison chart put together by the National Association of Realtors.
If you are thinking of buying your first home, moving up or down, please don't hesitate to call me or visit my website www.OmahaRealtyPro.com
Thank you for checking out my September 2009 Real Estate market report for the Sarpy County area, including Papillion Homes for sale, La Vista Real Estate, Bellevue NE Homes for sale, Springfield, Gretna Homes for sale and West Sarpy.
Active Listings, as of October 7, 2009 and Sold Data from September 1, 2009 to September 31, 2009. Months supply is the number of active listings divided by the number of sold listings for the month.
Sarpy County had 205 attached and detached homes sold in September 2009, compared to 139 sold in March 2008, which is up 47%. As of October 7, 2009, there were 828 active homes for sale, which is a 4.04 months supply. The supply of active listings are down from 983 last year at this time or 16%.
September 2009 Data Active as of October 7, 2009, Sold 9-1-09 to 9-31-09
Sarpy County Active listings 828 Sold listings 205 Months supply = 4.04 % change from same month 2008 UP 47%
Papillion (Area 263) Active listings 187 Sold listings 48 Months supply = 3.90 % change from same month 2008 UP 60%
La Vista (Area 264) Active listings 73 Sold listings 19 Months supply = 3.84 % change from same month 2008 UP 36%
Bellevue (Areas 260, 261, 262) Active listings 321 Sold listings 77 Months supply = 4.17 % change from same month 2008 UP 38%
West Sarpy County Springfield 265 Active listings 19 Sold listings 5 Months supply = 3.8 % change from same month 2008 UP 4900% (none sold last September 08)
West Sarpy County Gretna 267 Active listings = 134 Sold listings = 21 Months supply = 6.38 % change from same month 2008 UP 0%
West Sarpy CountyMillard 266 Active listings 103 Sold listings 37 Months supply = 2.78 % change from same month 2008 UP 79%
Thanks for viewing my home market report and check out my website at www.OmahaReatyPro.com. If you're considering selling a home, I would appreciate the opportunity to market your home. If you are considering buying a home, be sure to check out my website and search the Omaha MLS for homes and when you are ready I would be happy to help purchase your new home.
Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 10/7/09; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver-REALTOR Data does not include any private home sales
Over the past several years, I have compiled and tracked active and sold listings for the Omaha Real Estate Market. There are a couple of interesting statistics I wanted to point out. Active listings continue to be down by 10% to 15% for 2009. Sold listings are up 10 to 15% from September 08 year to date total of 5,527, compared to September 2009 ytd total of 6119. September 2009 sold listings are up over 45%, compared to September 2008. Last year, the last quarter of the year for the economy and real estate was terrible. I wouldn't be surprised if we see October and November sale activity up over 100%.
The decrease in active listings has helped stabilize home prices, but pricing continues to be under pressure. The jump in number of home sales can be contributed to a couple of reasons. First, I think the first time home buyer tax credit of $8,000 is a major reason. Second, low interest rates have helped the move up buyer, to either downsize or upsize from their existing home.
Douglas County, Omaha Real Estate Market Report (Active, Pending, Sold):
Omaha, NE (All of Douglas County)
Active (10/5/2009): 3,423
Under Contract (10/5/2009): 1,197
Sold July 1, 2009 to October 5, 2009: 559
If you are interested in buying or selling your home in Omaha, please call me at 402-689-7550 with your inquiries. To search for homes in the Omaha area, please visit my website The Omaha Realty Pro.com.
Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 10/5/09; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver— Omaha REALTOR Data does not include any private home sales
For more information on Cherry Ridge or if you are interested in buying or selling your home in Omaha, please call me at 402-689-7550. Or you can email me with your inquiries. To search for homes in the Omaha area, please visit my website The Omaha Realty Pro.com.
Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 10/5/09; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver— Omaha REALTOR Data does not include any private home sales
Summit Ridge July 2009 to October 5, 2009 Real Estate Market Report (Active, Pending, Sold):
Active (10/5/2009): 3
Under Contract (10/5/2009): 2
Sold July 1, 2009 to October 5, 2009: 7
For more information on Summit Ridge or if you are interested in buying or selling your home in Papillion, please call me at 402-689-7550. Or you can email me with your inquiries. To search for homes in the Omaha area, please visit my website The Omaha Realty Pro.com.
Information was pulled from the Great Plains Omaha Board of Realtors Multiple Listing Service 10/5/09; OABR deems information reliable but not guaranteed. Prepared by Steve Lauver— Omaha REALTOR Data does not include any private home sales
Lakewood Villages July 2009 to October 5, 2009 Real Estate Market Report (Active, Pending, Sold):
Active (10/5/2009): 16
Under Contract (10/5/2009): 49
Sold July 1, 2009 to October 5, 2009: 17
For more information on Lakewood Villages or if you are interested in buying or selling your home there, please call me at 402-689-7550. Or you can email me with your inquiries. To search for homes in the Omaha area, please visit my website The Omaha Realty Pro.com.
If you are thinking of buying a home and close by November 30, 2009. I recommend you find a home by October 15, 2009 in order to meet this deadline. Monday, November 30, 2009 is the cutoff date for first time buyers to close on time in order to get the First Time Buyers Tax Credit.
Thursday November 26, 2009, the Thursday before the cutoff date is Thanksgiving.
In the past on the Friday following Thanksgiving, title companies are typically closed. If title companies follow suit with this year as they have in the past Friday, November 27, 2009, title companies will be closed.
This may make Monday, November 30, 2009 an extremely hectic day for title companies and lenders.
Things you should know or consider before buying a HUD home in Omaha.
Owner occupant bids are accepted for 10 days
Investor bids are opened daily there after.
HUD homes are sold as is with no repairs.
Buyers are encouraged to have a home inspection. Inspections should be done 15 days after the contract. You can request the utilities to be turned on, but they will only be on for 48 hours and the buyer must pay all the costs to turn on and off. It can take 15 days to get approval to turn on the untilities. If there are broken water pipes, they generally will not allow the water to be turned on to prevent water damage.
HUD performs a home inspection on each home. Be sure to review them closely. They might also do a lead paint inspection. Review them carefully.
If you are not willing to purchase the home as is, then buying a HUD home is not for you.
Mudjacking is a safe and cost effective method of leveling misaligned concrete slabs. By injecting mudjacking material under a lower level concrete slab, two uneven slabs can be restored to there original position.
If you are considering mudjacking in Omaha, NE, I highly recommend Midwest Mudjacking. They do quality work and exteremely professional. Call Pat for all your mudjacking needs in Omaha and surrounding communities. Omaha (402) 592-5983 Toll Free (877) 592-5983
Company Information:
Midwest Mudjacking Inc. began in 1997. We have served the Omaha area for over 12 years! Our great reputation has been established from the quality craftsmanship of founder Patrick Penton. Prior to 1997 Patrick worked as head supervisor for 5 years in the Mudjacking/Foundation industry with a leading company. His thorough knowledge and experience has proven itself. He now leads a dedicated and knowledgeable staff, serving Nebraska and Iowa. Midwest Mudjacking Inc. remains a leader in the Mudjacking/Slabjacking industry.
No other mudjacking company in Nebraska/Western Iowa has more experience and satisfied clients! Our quality is none the less than the best! Midwest Mudjacking Inc. has been a BBB Honor Roll Member since 1998. All work is 100% guaranteed. We will meet or beat any price and offer the best warranty in the industry!
1. We drill 1 inch holes (smallest in the industry) through the concrete in the area to be lifted and stabilized.
2. Our grout-based material is injected through the holes to fill the cavities below the concrete, which has caused the concrete to settle. The pressure of the grout then raises the concrete.
3. Once the process is completed, our crew may need access to a water faucet for clean up, the holes are patched back with a concrete mix, flush with the top of the concrete.
4. No heavy equipment is used, causing any damage to your landscape. The area can be walked on immediately and you can drive your vehicle over it.
Recently, I took a class put on by Servpro in Omaha. The class is designed to give Omaha Real Estate agents a better understanding of mold and how Servpro remediates it from homes. By no means is the class intended to make agents mold experts, that's the job of industrial hygienists' and Servpro in Omaha.
Some interest highlights or points of the class:
Mold is a fungus. Most molds are derived from decomposing organic matter. Not all molds are toxic and people react differently to different types of mold.
The number one cause of water in the house is broken washer supply hoses.
Number two was broken refrigerator water lines.
One question posed to the class. Do you have Mold coverage or pollution coverage under your homeowner's policy? Well, I am not sure if I do or not. I better call my agent this morning.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
La Vista (Area 264)
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