Omaha Real Estate Agent

http://www.omahahomeinfo.com/searchresults.asp?kw=Type keywords or listing number&location=Select or type a city&beds=0&baths=0&listingtype=ResidentialDetached&results=10&minprice=0&maxprice=max price&sortby=highestprice&nearlat=latitude&nearlong=longitude&nearradius=miles&results=30&sortby=newest Listing Courtesy of Trumm Team

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Troy Trumm, Trumm Team - 402-943-9494, Omaha NE

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Omaha Real Estate

Mortgage Rates Inch Near All Time Lows

Tue, 23 Apr 2013 08:05:06 -0700

Mortgage Rates Inch Near All Time Lows

Mortgage rates fell again last week and continue to inch closer to historic lows. This is the third consecutive week in which home loans saw a decline, according to the latest survey by mortgage buyer Freddie Mac.

The average rate for a 30-year fixed loan saw a minor change, moving slightly down from last week’s 3.43% to 3.41%. As it stands, loans are now just .1% away from the historic low reached in November, 3.31%, which was the lowest average for a 30-year fixed dating back to 1971.

The 30-year fixed wasn’t the only loan to see a slight dip. The average rate on a 15-year fixed mortgage also fell marginally, creeping slightly downward from last week’s 2.65% to 2.64%, which is now just a hair above (.01%) above the historic low.

Additionally, hybrid 5-year adjustable-rate mortgage went down from 2.62% from a week ago to 2.60%. The 1-year ARM, however, saw a slight increase week-over-week, moving up to 2.63% from last week’s 2.62%.

At the same time that mortgage rates are nearing all time lows some financing options of the past are being re-introduced. One such option is the 3% Down, Conventional Loan Product. This loan product gives the opportunity to finance 97% of a sales price or appraised value. This product, first introduced over 20 years ago when Mortgage Insurance was readily available, is being re-introduced now that housing values have stabilized within many housing markets. Here are the standards:

Here are the highlights of the 3% Down Conventional Financing Program:

Minimum Credit Score of 680 or greater
Debt-to-Income Ratio of 43% or less
Owner-occupied properties only
No Second-Home or Investment Property purchases
Borrower must use their own funds for the downpayment
Maximum Loan Amount is $417,000
Requires Mortgage Insurance approval

Unless there is an unexpected surprise, rates are expected to remain constant in the short term. This opportunity presents home buyers and people looking to refinance an opportunity to benefit from rates at near-historic levels. In this week’s Mortgage Rate Trend Index by Bankrate.com, 77% of the experts and analysts polled believe that rates will either continue downward or remain relatively unchanged over the next week.

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Email Troy Trumm and the Trumm Team

I need to sell my home in Omaha? What's my Omaha home worth?

Omaha's Guaranteed Sale Program - Your Home Sold Guaranteed!

Troy Trumm, Trumm Team - 402-943-9494, Omaha NE

Omaha Homes For Sale

Omaha Real Estate

Nebraska foreclosures are down, Home Sale Prices are up!

Thu, 21 Mar 2013 19:03:02 -0700

Nebraska foreclosures are down, Home Sale Prices are up!

February existing home sales and prices continue to show that a health recovery is underway in the housing sector, according to the National Association of Realtors. Sales have been above year-ago levels for twenty straight months, while sale prices show twelve consecutive months of year-over-year increases.

The number of foreclosures is down, due to fewer mortgages going delinquent and the properties that had been foreclosed on having already sold.

Because so many foreclosure properties have already been sold and fewer mortgages going delinquent, the number of foreclosures on the market has gone down. In February 2013 in Douglas County the number of foreclosure filiings was down 30% from the month before, and down a whopping 46% from the same month one year ago.

With fewer lower priced foreclosures, the average home sale price is on the rise.

Due to a judicial foreclosure process, some states are still struggling with a large inventory of foreclosures, such as New York and Florida. Nebraska has a non-judicial foreclosure process so the worst of the foreclosure mess is already behind us

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Email Troy Trumm and the Trumm Team

I need to sell my home in Omaha? What's my Omaha home worth?

Omaha's Guaranteed Sale Program - Your Home Sold Guaranteed!

Troy Trumm, Trumm Team - 402-943-9494, Omaha NE

Omaha Homes For Sale

Omaha Real Estate

Have Gen X and Gen Y Given up on Home Ownership?

Fri, 22 Feb 2013 13:17:23 -0800

Have Gen X and Gen Y Given up on Home Ownership?

Many speculate that because younger generations are more mobile in nature than previous generations, they do not share their parents' dreams of owning a home. Take a look at the facts:

The facts indicate that the dream of home ownership is still alive. With prices in Omaha starting to move upward and interest rates still near all time lows, now is a great time to buy a home.

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Email Troy Trumm and the Trumm Team

I need to sell my home in Omaha? What's my Omaha home worth?

Omaha's Guaranteed Sale Program - Your Home Sold Guaranteed!

Troy Trumm, Trumm Team - 402-943-9494, Omaha NE

Omaha Homes For Sale

Omaha Real Estate

Why Do People Move? And advice if moving in Omaha

Sat, 19 Jan 2013 13:53:07 -0800

Why Do People Move?

People move for many reasons. Some reasons are personal, some economic, and many are job related. Whether buying a first home or selling an existing home and buying the next, moving is tedious. So why do people do it? Here is what the 2012 Census tells us.

Whether moving out of necessity or due to desire be sure you have proper representaion. In Omaha, that means when you are buying have a buyer's agent. Do not deal directly with the listing agent, he or she is not looking out for your best interests, only the seller's. When selling and buying at the same time use the same agent. It will make the entire process easier. Whatever your situation, seek out one of the top real estate agents in Omaha.

View all Homes for Sale in Omaha

Email Troy Trumm and the Trumm Team

I need to sell my home in Omaha? What's my Omaha home worth?

Omaha's Guaranteed Sale Program - Your Home Sold Guaranteed!

Troy Trumm, Trumm Team - 402-943-9494, Omaha NE

Omaha Homes For Sale

Omaha Real Estate

Omaha Chiropractor Offers More than just Back Adjustments

Sun, 13 Jan 2013 05:49:37 -0800

Patients that go to Powers Chiropractic in Omaha, NE are accustomed to finding relief from back pain while enjoying an incredibly relaxing spa-like atmosphere. They will now find two more amenities to enhance their visit.

In the waiting area, a coffee bar has been added with numerous flavors of single serving coffees, teas and other beverages.

Also added is a new family treatment room. It includes two adjusting tables, one for adults and one in the shape of a bear named Boris for children, a couch for other family members, and a tv playing family friendly nature videos. All of this creates a welcoming, relaxing atmosphere for children that puts them at ease. The room is great for both children that need chiropractic adjustments and for parents who have children with them. The room keeps children entertained and occupied while mother or father gets the needed diagnosis and treatment.

To contact Powers Chiropractic call 402-504-4344 or connect through Facebook.

View all Homes for Sale in Omaha

Email Troy Trumm and the Trumm Team

I need to sell my home in Omaha? What's my Omaha home worth?

Omaha's Guaranteed Sale Program - Your Home Sold Guaranteed!

Troy Trumm, Trumm Team - 402-943-9494, Omaha NE

Omaha Homes For Sale

Omaha Real Estate

Your Mortgage Interest Deduction is in Jeopardy

Wed, 19 Dec 2012 13:11:15 -0800

Within the compromises being discussed among lawmakers regarding the Fiscal Cliff is whether or not the mortgage interest deduction should be allowed to continue in its current form. The current mortgage interest deduction allows homeowners to reduce their income tax by the interest paid on mortgage balances up to $1 million as well as on home-equity loans equaling $100,000.

Proponents for removing deduction state that it only benefits wealthy homeowners, or those who need it the least. The National Association of Realtors (NAR) has strongly opposed eliminating the mortgage-interest deduction for years, saying “it could endanger property values.” Association President Gary Thomas told the Times “It has always been the NAR’s position that the mortgage interest deduction is vital to the stability of the American housing market and economy, and we will remain vigilant in opposing any future plan that modifies or excludes the deductibility of mortgage interest.”

In 2010, The Tax Policy Center of the Brookings Institution and the Urban Institute performed a study of President Obama’s tax reform proposals for fiscal year 2011. These proposals included a limit on mortgage interest and property tax deductions. It was concluded that taxpayers in the 33 percent bracket, who had their mortgage interest deductions limited to 28 percent, had their home values drop by 6.9 to 15 percent.

Economist Dr. Lawrence Yun stated that removing the mortgage interest deduction could be a very costly decision that “could greatly destabilize the economy.” Ben Stein, on CBS Sunday Morning, also argued against removing the deduction, as “we are just barely limping off the bottom of a residential housing catastrophe, and home buying and building are finally, after a genuine nightmare, reviving.”

To protect property values here in the Omaha area, complete the "Call to Action" on the NAR's website or to send a message to your Senator and Representative stating your opposition to the removal of the deduction, click the link below. If you want to see the mortgage interest deduction continue, we encourage you to make your voice heard.

View all Homes for Sale in Omaha

Email Troy Trumm and the Trumm Team

I need to sell my home in Omaha? What's my Omaha home worth?

Omaha's Guaranteed Sale Program - Your Home Sold Guaranteed!

Troy Trumm, Trumm Team - 402-943-9494, Omaha NE

Omaha Homes For Sale

Omaha Real Estate

Omaha Real Estate Agent

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Mortgage Rates Inch Near All Time Lows

Here are the highlights of the 3% Down Conventional Financing Program:

Minimum Credit Score of 680 or greater

Debt-to-Income Ratio of 43% or less

Owner-occupied properties only

No Second-Home or Investment Property purchases

Borrower must use their own funds for the downpayment

Maximum Loan Amount is $417,000

Requires Mortgage Insurance approval

Nebraska foreclosures are down, Home Sale Prices are up!

Have Gen X and Gen Y Given up on Home Ownership?

Why Do People Move? And advice if moving in Omaha

Omaha Chiropractor Offers More than just Back Adjustments

Your Mortgage Interest Deduction is in Jeopardy