top omaha realtors: Thinking of Selling? Now May Be the Time.
- 02/27/20 06:12 AM
The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%.
The Census Bureau also just reported the highest homeownership rate since 2014 for people under 35. This is evidence that owning their own home is becoming more important to Millennials as they reach the age where marriage and children are part of their lives.
According to the latest Realtors Confidence Index Survey from the National … (0 comments)
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top omaha realtors: NEW LISTING! Two Story Home for Sale in Harvey Oaks
- 02/26/20 11:30 AM
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4,000 TO $7,000! CALL 402-676-6700.
Make this house your home! Charming two story in desirable Harvey Oaks with 4 bedrooms, 3 bathrooms, 2 car garage and over 3,000 finished sq ft. Large windows in the living room allow in beautiful natural light. Large cozy den with fireplace, formal dining room, and an eat-in kitchen give ample space to entertain. Main floor laundry for your convenience. All four bedrooms are on the second floor. Large master suite with 3/4 bath with double sinks and a walk-in closet. Full basement with a finished rec room and extra finished room for … (5 comments)
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top omaha realtors: Entry-Level Homeowners Are in the Driver’s Seat
- 02/25/20 06:10 AM
One thing helping homeowners right now is price appreciation, especially in the entry-level market. In the latest Home Price Insights report, CoreLogic reveals how home prices increased by 4% year-over-year and projects prices will rise 5.2% by December 2020.
Why is this good news for the homeowners? When prices appreciate, homeowners gain equity. In addition, those planning to sell this year, especially in the entry-level market, can potentially earn a substantial profit.
Dr. Frank Nothaft, Chief Economist at CoreLogic, says:
“Moderately priced homes are in high demand and short supply, pushing up values…Homes that sold for 25% or more below the … (0 comments)
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top omaha realtors: NEW LISTING! Split Entry for Sale at The Meadows
- 02/21/20 09:32 AM
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4,000 TO $7,000! CALL 402-676-6700.
OPEN HOUSE SUNDAY 2/23 11:00-1:00pm PRE-INSPECTED. Updated and move-in ready in The Meadows. This home has it all! Bright and open with improvements throughout including light fixtures, 6 panel doors, flooring, and carpet! Main floor with vaulted ceilings. Beautiful, modern kitchen with stainless steel appliances, tile back splash, pendant light fixtures, and granite counter tops. Remodeled bathrooms with tile flooring and upscale finishes. Ceiling fans in all three bedrooms. Finished lower level with can lights and 3/4 bath. All appliances stay - including the washer/dryer! Newer deck overlooking a large, fully fenced … (4 comments)
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top omaha realtors: NEW LISTING! Tri-level for Sale in Center Park
- 02/20/20 11:31 AM
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4,000 TO $7,000! CALL 402-676-6700.
OPEN HOUSE SUNDAY 2/23 2:00-4:00PM PRE-INSPECTED! This charming, well maintained home with new carpet and paint is move-in ready! Bright and open layout with neutral colors throughout. Enjoy this eat-in kitchen with hard wood floors, stainless steel appliances, ample storage with roll-out shelves, and stainless steel appliances! The family room is inviting and cozy with a fireplace and access to newly stained deck. Fabulously updated bathrooms throughout. Spacious master suite with a 3/4 bath. Sizable finished basement includes a rec room and dry bar. New furnace. Fully fenced yard with storage shed included. … (3 comments)
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top omaha realtors: The #1 Misconception in the Homebuying Process
- 02/20/20 06:10 AM
After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article:
“A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned out to be a short-lived mirage as buyers came back into the market and more than erased the inventory gains. As a natural reaction, the recent slowdown in home values looks like it’s set to reverse back.”
CoreLogic, in their January 2020 Market Pulse Report, agrees … (0 comments)
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top omaha realtors: How Trusted Professionals Make Homebuying Easier to Understand
- 02/18/20 06:22 AM
In the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted Omaha real estate professional can help ease those concerns and make the process to homeownership much easier to understand.
A recent survey conducted by Ipson and Freddie Mac reveals the confidence level of Gen Z and Millennial buyers regarding the homebuying process. The graph below shows the breakdown of the top … (1 comments)
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top omaha realtors: The #1 Reason to List Your House Right Now
- 02/13/20 06:25 AM
The success of the U.S. residential real estate market, like any other market, is determined by supply and demand. This means we need to look at how many potential purchasers are in the market versus the number of houses that are available to buy. With early 2020 housing data now rolling in, it’s quite evident there are two big stories impacting this year’s residential real estate market:
1. Buyer demand is already extremely strong
2. Housing supply is at a historically low level
Demand ShowingTime is a firm that compiles data from property showings scheduled across the country. The latest ShowingTime … (1 comments)
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top omaha realtors: Homeownership Rate on the Rise to a 6-Year High
- 02/11/20 06:16 AM
Regardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. See the graph below:This increase does not come as a surprise. According to realtor.com,
“The largest cohort of the millennial generation turns 30-years-old in 2020 and they are hitting the housing market in full force. At the end of the fourth quarter of 2019, millennials made up the largest generational segment of homebuyers, growing their share … (1 comments)
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top omaha realtors: Great News for Renters Who Want to Buy a Home
- 02/06/20 06:29 AM
Rents in the United States have been skyrocketing since 2012. This has caused many renters to face a tremendous burden when juggling their housing expenses and the desire to save for a down payment at the same time. The recent stabilization of rental prices provides a great opportunity for renters to save more of their current income to put toward the purchase of a home.
Just last week the Joint Center of Housing Studies of Harvard University released the America’s Rental Housing 2020 Report. The results explain the financial challenges renters are experiencing today,
“Despite slowing demand and the continued strength … (0 comments)
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top omaha realtors: NEW LISTING! Omaha Home for Sale in Hillview
- 02/04/20 11:55 AM
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4,000 TO $7,000! CALL 402-676-6700.
PRE-INSPECTED! This immaculate ranch villa is a must see. Bright and open layout with newer carpet and paint throughout (2016). Enjoy this large eat in kitchen with hard wood floors, island, stainless steel apps, double oven, & ample storage. Kitchen appliances are new (2019) and included! Living room is inviting & cozy w/ fireplace & access to the new deck. Spacious master suite with sizable walk-in closet & bath w/ double sinks, jet tub, & separate shower. Full finished basement includes family room with fireplace, 3rd bedroom, extra finished space … (5 comments)
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top omaha realtors: How to Avoid a Gender Gap When Investing in the Housing Market
- 02/04/20 06:18 AM
When buying a home, we all want to feel like we’re making the right decision, paying a fair price, and making the best investment of our lives. According to a recent gender-based study, men and women can unknowingly walk away with very different financial outcomes when the deal closes. Thankfully, if you follow some simple ways to arm yourself with the information you need to prepare in advance, you’re more likely to feel like you’ve won when the keys to your new house are in your pocket.
Kelly Shue and Paul Goldsmith-Pinkham of the Yale School of Management showed in their … (2 comments)
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top omaha realtors: Where Have All the Houses Disappeared To?
- 01/30/20 06:27 AM
If you’re following what’s happening in the current housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers. Another reason is that the inventory of existing homes for sale is shrinking. According to the most recent Existing Home Sales Report from the National Association of Realtors (NAR), sales are up 10.8% from the same time last year. That exceeds expectations and is great news.
The troubling news from the report is that the sold inventory is not being replaced. As NAR explained,
“Total housing inventory at … (0 comments)
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top omaha realtors: Should I Sell My House This Year?
- 01/28/20 06:36 AM
If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload in the media circling around talk of a possible recession, the upcoming 2020 election, and more, Americans feel good about selling a house now. That’s some news to get excited about!
As the graph below shows, as of Q4 2019, 75% of people surveyed indicate they … (2 comments)
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top omaha realtors: NEW LISTING! La Vista Home for Sale in Val Verde
- 01/24/20 09:34 AM
RECEIVE $7,000 TO $17,000 AT CLOSING WHEN BUYING A HOME. CALL 402-676-6700 NOW BEFORE THIS PROGRAM ENDS!
PRE-INSPECTED! This immaculate 2 story home is a must see. Enjoy this large eat in kitchen has granite counters, travertine back splash, island, stainless steel appliances, double oven, replaced sink, and ample storage. All appliances included! Family room directly off the kitchen is inviting and cozy with fireplace and natural light. The spacious master suite has a huge walk-in closet & an awesome master bathroom w/ double sinks, skylight, tub, and separate shower. All 3 bathrooms have new toilets and porcelain tile. New fans and … (4 comments)
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top omaha realtors: How Buyers Can Win By Downsizing in 2020
- 01/23/20 06:21 AM
Home values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home.
Here’s some more good news: mortgage rates are expected to remain low throughout 2020 at an average of 3.8% for a 30-year fixed-rate loan.
The combination of leveraging your growing equity and capitalizing on low rates could make a big difference in your housing plans this year.
How to Use Your Home Equity For move-up buyers, the typical pattern for building … (5 comments)
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top omaha realtors: The 2 Surprising Things Homebuyers Really Want
- 01/21/20 06:15 AM
In a market where current inventory is low, it’s normal to think buyers might be willing to give up a few desirable features in their home search in order to make finding a house a little easier. Don’t be fooled, though – there’s still an interest in the market for some key upgrades. Here’s a look at the two surprising things buyers seem to be searching for in today’s market, and how they’re impacting new home builds.
Homebuyers Are Not Giving Up Their Garages The National Association of Home Builders (NAHB) recently released an article showing the percentage of new single-family … (1 comments)
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top omaha realtors: Homes Are More Affordable Today, Not Less Affordable
- 01/16/20 06:21 AM
There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years.
It’s not, however, just the price of a home that matters.
Homes, in most cases, are purchased with a mortgage. The current mortgage rate is a major component of the affordability equation. Mortgage rates have fallen by over a full percentage point since December 2018. Another major piece of the affordability equation is a buyer’s income. The median family income has risen by … (1 comments)
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top omaha realtors: NEW LISTING! Omaha Home for Sale in Standing Bear Village
- 01/14/20 08:45 AM
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4,000 TO $7,000! CALL 402-676-6700.
PRE-INSPECTED and move in ready townhome for maintenance free living at its finest. Bright and open layout with neutral colors throughout. Cozy living room with a gas fireplace. Large eat-in kitchen with ample cabinet space and access to rear deck. All appliances stay, including the washer/dryer. Large master bedroom with 3/4 bath and walk-in closet. Lower level family room and 3rd bedroom is great for an office or guest. New carpet throughout in the last 5 years. Home is wired and includes a security system. Large 2 car garage with … (5 comments)
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top omaha realtors: Buying a Home Early Can Significantly Increase Future Wealth
- 01/14/20 06:18 AM
According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60.
The good news is, our younger generations are strong believers in homeownership.
According to a Freddie Mac survey,
“The dream of homeownership is alive and well within “Generation Z,” the demographic cohort following Millennials.
Our survey…finds that Gen Z views homeownership as an important goal. They estimate that they will attain this goal by the time they turn 30 years old, three years younger than the current median homebuying age (33).”
If these aspiring homeowners purchase at an early age, the … (1 comments)
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The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%.
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