top omaha realtors: The Impact of Homeownership on Family Health - 02/23/17 05:58 AM
The Impact of Homeownership on Family Health The National Association of Realtors recently released a study titled 'Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:
“Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the basis for a number of positive social, economic, family and civic outcomes.”
Today, we want to cover the section of the report that quoted several studies concentrating on the impact homeownership has on the health of family members. Here … (0 comments)

top omaha realtors: Access: A Key Component in Getting Your House SOLD! - 02/21/17 06:06 AM
Access: A Key Component in Getting Your House SOLD! So, you’ve decided to sell your house. You’ve hired an Omaha real estate professional to help you with the entire process, and they have asked you what level of access you want to provide to potential buyers.
There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access that you can provide to your agent so that he or she can show your home.
Here are five levels of access that you can give to … (0 comments)

top omaha realtors: The Great News About Rising Prices for Homeowners - 02/16/17 06:02 AM
The Great News About Rising Prices for Homeowners Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.
The great news about rising prices, however, is that according to CoreLogic’s US Economic Outlook, the average American household gained over $11,000 in equity over the course of the last year, largely due to home value increases.
The map below was created using … (1 comments)

top omaha realtors: NEW LISTING! Omaha Home for Sale in Park Plaza - 02/15/17 06:12 AM

BUY THIS HOME & HAVE NO PAYMENTS FOR UP TO 6 MONTHS, CALL 402-676-6700.
 
A beautiful haven that is a block from Midtown Crossing at a third of the price. Come and discover this open layout home with gorgeous hardwood floors. The beautiful kitchen has granite countertops with stainless steel appliances. Large living space. Modern lighting, tile, and shaker cabinets throughout. This building features a newly remodeled fitness room, lounge, and kitchenette all on the 2nd floor; plus rooftop patio, underground parking, and an amazing skyline view of downtown and midtown. The building has security doors at the entrance and on each … (1 comments)

top omaha realtors: First Comes Love… Then Comes Mortgage? - 02/14/17 06:45 AM
First Comes Love… Then Comes Mortgage? According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2016 at 58% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable.
But, many couples are also deciding to buy a home before spending what would be a down payment on a wedding, as unmarried couples made up 14% of all first-time buyers last year.
If you’re single, don’t fret! Single … (0 comments)

top omaha realtors: Buyers Are Searching For Your House - 02/09/17 07:13 AM
Buyers Are Searching For Your House The most recent Pending Homes Sales Index from the National Association of Realtors revealed a slight bump in contracts with an increase of 1.6% in December. This news comes as existing home sales are also forecasted to be on pace for 5.54 million in 2017, a 1.7% increase over 2016, which was the best year for sales in a decade.
The Pending Home Sales Index is a leading indicator for the housing sector, based on pending sales of existing homes. A sale is listed as pending when the contract has been signed but the transaction … (3 comments)

top omaha realtors: NEW LISTING! Omaha Home for Sale in Whitehawk - 02/07/17 11:35 AM

BUY THIS HOME & HAVE NO PAYMENTS FOR UP TO 6 MONTHS, CALL 402-676-6700.
 
Pre-inspected! Beautiful split entry in Whitehawk Village with open concept floor plan. Spacious and lovely eat-in kitchen with granite countertops, upgraded cabinets, stainless steel appliances and a reverse osmosis water filter installed. The bright living room has a beautiful gas fireplace perfect for curling up in front of on chilly nights. Relax on your warm master suite with gorgeous master bath. Other features of this magnificent home include deck, extra deep garage, and security system. No maintenance – Lawn care, snow removal and exterior paint are handled for … (5 comments)

top omaha realtors: Homeownership Offers Stability and Wealth Creation - 02/07/17 06:27 AM
Homeownership Offers Stability and Wealth Creation The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:
They want the opportunity to build equity. They want a stable and safe environment. Building Equity In a recent article by The Mortgage Reports, they report that “buying and owning a home is the essence of ‘The American Dream.’ Each month, your housing payments go toward owning your home instead of renting it; building your personal wealth and assets instead of someone else’s.
History has shown that homeownership is … (2 comments)

top omaha realtors: Here are 5 Reasons to Sell Before Spring! - 02/02/17 05:57 AM
No Matter What the Groundhog Says, Here are 5 Reasons to Sell Before Spring! 
Is spring closer than we think? Depending on which groundhog you listen to today, you may have less time than you think to get your home on the market before the busy spring season.
Many sellers feel that the spring is the best time to place their homes on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.
Here are five reasons to sell now. 1. Demand is Strong  Foot traffic … (1 comments)

top omaha realtors: 2 Myths That May Be Holding Back Buyers - 01/31/17 06:01 AM
2 Myths That May Be Holding Back Buyers Fannie Mae’s article, “What Consumers (Don’t) Know About Mortgage Qualification Criteria,” revealed that “only 5 to 16 percent of respondents know the correct ranges for key mortgage qualification criteria.”
Myth #1: “I Need a 20% Down Payment” Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down payment required.
Many believe that they need at least 20% down to buy their dream home, but many programs actually let … (2 comments)

top omaha realtors: Thinking of Selling? Why Now is the Time - 01/26/17 08:14 AM
Thinking of Selling? Why Now is the Time It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.
The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most … (0 comments)

top omaha realtors: How Low Interest Rates Increase Your Purchasing Power - 01/24/17 06:28 AM
How Low Interest Rates Increase Your Purchasing Power According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history!
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.
Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain … (0 comments)

top omaha realtors: Will Housing Affordability Be a Challenge in 2017? - 01/19/17 07:16 AM
Will Housing Affordability Be a Challenge in 2017? Some industry experts are saying that the housing market may be heading for a slowdown in 2017 based on rising home prices and a jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).
Here is how NAR defines the index:
“The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income … (0 comments)

top omaha realtors: Why Pre-Approval Should Be Your First Step - 01/17/17 06:08 AM
Why Pre-Approval Should Be Your First Step In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach. 
Freddie Mac lays … (0 comments)

top omaha realtors: Is This the Year to Move Up to Your Dream Home? If So, Do it Early - 01/12/17 06:52 AM
Is This the Year to Move Up to Your Dream Home? If So, Do it Early It appears that Americans are regaining faith in the U.S. economy. The following indexes have each shown a dramatic jump in consumer confidence in their latest surveys:
The University of Michigan Consumer Sentiment Index National Federation of Independent Businesses' Small Business Optimism Index CNBC All-America Economic Survey The Conference Board Consumer Confidence Survey It usually means good news for the housing market when the country sees an optimistic future. People begin to dream again about the home their family has always wanted, and some make … (1 comments)

top omaha realtors: You Need a Professional on Your Team When Buying a Home - 01/11/17 07:06 AM
You Need a Professional on Your Team When Buying a Home Many people wonder whether they should hire an Omaha real estate professional to assist them in buying their dream home or if they should first try to do it on their own. In today’s market: you need an experienced professional!
You Need an Expert Guide if You Are Traveling a Dangerous Path The field of real estate is loaded with land mines; you need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a home that is priced appropriately and is ready for you to … (0 comments)

top omaha realtors: NEW LISTING! Bellevue Home for Sale in Quail Creek - 01/10/17 07:31 AM

BUY THIS HOME & HAVE NO PAYMENTS FOR UP TO 6 MONTHS, CALL 402-676-6700.
 
WOW, what an incredible tri-level in Quail Creek! Come in to discover tasteful designer paint colors, attractive wood laminate floors, a bright family room with a wood burning fireplace, a kitchen with newer counters and gorgeous cabinets, a master suite with his and her closets, and newer bathroom with roll-out cabinet shelves. The basement is perfect as a rec room or an office with new carpet. Other features include: 8 x 12 shed, sprinkler with rain monitor, new windows, radon mitigation, water softener and security system. Beautiful landscaping … (6 comments)

top omaha realtors: Millionaire to Millennials: Buy a Home! - 01/05/17 06:47 AM
Millionaire to Millennials: Buy a Home!! Last week, CNBC ran an article quoting self-made millionaire David Bach explaining that not purchasing a home is "the single biggest mistake millennials are making" because buying an Omaha real estate is "an escalator to wealth.”
Bach went on to explain:
"If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter."
In his bestselling book, “The Automatic Millionaire,” Bach does the math:
"As a renter, you can easily spend half a million … (1 comments)

top omaha realtors: Inadequate Inventory Driving Prices Up - 01/03/17 07:01 AM
Inadequate Inventory Driving Prices Up The latest Existing Home Sales Report from the National Association of Realtors (NAR) revealed a direct correlation between a lack of inventory and rising prices.
We are all familiar with the concept of supply and demand. As the demand for an item increases the supply of that same item goes down, driving prices up.
Year-over-year inventory levels have dropped each of the last 18 months, as inventory now stands at a 4.0-month supply, well below the 6.0-month supply needed for a ‘normal’ market.
The median price of homes sold in November (the latest data available) was … (1 comments)

top omaha realtors: Start 2017 Off Right… List Your House for Sale - 12/29/16 06:27 AM
Start 2017 Off Right… List Your House for Sale As we are about to bring in the New Year, families across the country will be deciding if this is the year that they will sell their current house and move into their dream home. Many will decide that it is smarter to wait until the spring “buyer’s market” to list their house. In the past, that might have made sense. However, this winter is not like recent years.
The recent jump in mortgage rates has forced buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW!! … (1 comments)

 
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The Trumm Team Omaha Homes for Sale, Real Estate

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