omaha homes for sale: Homebuyer Demand Is Far Above Last Year’s Pace
- 09/03/20 06:23 AM
Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If you’ve been thinking about selling your house, the coming weeks might just be the timing you’ve been waiting for.
According to the Pending Home Sales Report from the National Association of Realtors (NAR):
“Pending home sales in July achieved another month of positive contract activity, marking three consecutive months of growth.
The Pending … (2 comments)
|
omaha homes for sale: It’s Not Just About the Price of the Home
- 09/01/20 06:24 AM
When most of us begin searching for a home, we naturally start by looking at the price. It’s important, however, to closely consider what else impacts the purchase. It’s not just the price of the house that matters, but the overall cost in the long run. Today, that’s largely impacted by low mortgage rates. Low rates are actually making homes more affordable now than at any time since 2016, and here’s why.
Today’s low rates are off-setting rising home prices because it’s less expensive to borrow money. In essence, purchasing a home while mortgage rates are this low may save you … (2 comments)
|
omaha homes for sale: Why Is It so Important to Be Pre-Approved in the Homebuying Process?
- 08/27/20 06:47 AM
You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house that’s outside your budget is very real. So, before you start shopping around, it’s helpful to know your price range, what you’re comfortable within a monthly mortgage payment, and ultimately how much money you can borrow for your loan. Pre-approval from a lender is the only way to do this.
According to a recent survey from realtor.com, many buyers are making the mistake of skipping … (5 comments)
|
omaha homes for sale: Builders & Realtors Agree: Real Estate Is Back
- 08/25/20 06:42 AM
When shelter-in-place orders brought the economy to a screeching halt earlier this year, many believed the residential housing market would follow suit. Countless analysts predicted buyer demand would disappear and home values would depreciate for the first time in almost a decade. That, however, didn’t happen. It appears the opposite is taking place.
After the bottom fell out of the real estate market immediately following the shutdown, it has come roaring back – and seems to still be gaining steam. Here’s a look at two recent reports – one from the National Association of Home Builders (NAHB) and one from the … (2 comments)
|
omaha homes for sale: NEW LISTING! La Vista Home for Sale in Crestview Heights
- 08/20/20 09:18 AM
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4,000 TO $7,000! CALL 402-676-6700.
Pre-Inspected! Newer carpet, windows, doors, and interior paint make this home move-in ready. The open layout of the kitchen and living room along with the vaulted ceilings give this home a surprising amount of spaciousness. Contemporary kitchen with updated counters, backsplash, white cabinets, and for your convenience there's even a pantry. Outside there is a huge deck overlooking an expansive, fully fenced, flat yard and play area, perfect for little ones. New roof including decking installed in '20 and vinyl siding mean there is nothing to do on the outside except tend to the … (5 comments)
|
omaha homes for sale: Just How Strong Is the Housing Recovery?
- 08/20/20 06:29 AM
Just How Strong Is the Housing Recovery? The residential real estate market has definitely been the shining light in this country’s current economic situation. All-time low mortgage rates coupled with a new appreciation of what a home truly means has caused the housing market to push forward through this major health crisis. Let’s look at two measures that explain the resilience of the real estate market.
Purchase Mortgages The number of buyers getting a mortgage to purchase a home is a strong indicator of the strength of a housing market. Below is a graph of the week-over-week percent change in that … (1 comments)
|
omaha homes for sale: Sellers Are Returning to the Housing Market
- 08/18/20 06:36 AM
In today’s housing market, it can be a big challenge for buyers to find homes to purchase, as the number of houses for sale is far below the current demand. Now, however, we’re seeing sellers slowly starting to come back into the market, a bright spark for potential buyers. Javier Vivas, Director of Economic Research at realtor.com, explains:
“Seller confidence has been improving gradually after reaching its bottom in mid-April, and now it appears to have reached an important recovery milestone…After five long months, sellers are back in the housing market; while encouraging, the improvement to new listings is only the … (0 comments)
|
omaha homes for sale: Homes Are More Affordable Right Now Than They Have Been in Years
- 08/13/20 06:37 AM
Today, home prices are appreciating. When we hear prices are going up, it’s normal to think a home will cost more as the trend continues. The way the housing market is positioned today, however, low mortgage rates are actually making homes more affordable, even as prices rise. Here’s why.
According to the Mortgage Monitor Report from Black Knight:
“While home prices have risen for 97 consecutive months, July’s record-low mortgage rates have made purchasing the average-priced home the most affordable it’s been since 2016.”
How is that possible? Black Knight continues to explain:
“As of mid-July, it required 19.8% of the … (1 comments)
|
omaha homes for sale: Current Buyer & Seller Perks in the Housing Market
- 08/11/20 06:11 AM
Today’s housing market is making a truly impressive turnaround, and it’s also setting up some outstanding opportunities for buyers and sellers. Whether you’re thinking of buying or selling a home this year, there are perks today that are rarely available, and definitely worth looking into. Here are the top two.
The Biggest Perk for Buyers: Low Mortgage Rates The most impressive buyer incentive today is the average mortgage interest rate. Just last week, mortgage rates hit an all-time low for the eighth time this year. The 30-year fixed-rate is now averaging 2.88%, the lowest rate in the survey’s history, which dates … (2 comments)
|
omaha homes for sale: Today’s Buyers Are Serious about Purchasing a Home
- 08/04/20 06:28 AM
Today’s homebuyers are not just talking about their plans, they’re actively engaged in the buying process – and they’re serious about it. A recent report by the National Association of Home Builders (NAHB) indicates:
“…. Of American adults considering a future home purchase in the second quarter of 2020, about half (49%) are not simply planning it, they are actively engaged in the process to find a home. That is a significantly higher share than the comparable figure a year ago (41%), which suggests that the COVID-19 crisis and its accompanying record-low mortgage rates have converted some prospective buyers into active … (0 comments)
|
omaha homes for sale: Will We See a Surge of Homebuyers Moving to the Suburbs?
- 07/30/20 06:28 AM
As remote work continues on for many businesses and Americans weigh the risks of being in densely populated areas, will more people start to move out of bigger cities? Spending extra time at home and dreaming of more indoor and outdoor space is certainly sparking some interest among homebuyers. Early data shows an initial trend in this direction of moving from urban to suburban communities, but the question is: will the trend continue?
According to recent data from Zillow, there is a current surge in urban high-end listings in some larger metro areas. The month-over-month increase in these homes going on … (1 comments)
|
omaha homes for sale: Guidance and Support Are Key When Buying Your First Home
- 07/28/20 06:22 AM
In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors (NAR):
“The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is now trending higher than the 29% to 32% average in past years since 2012.” (See graph below):
Why the rise in first-time homebuying? NAR continues to say:
“The major factor is, arguably, low mortgage rates. As of the week ended July 16, the 30-year fixed … (1 comments)
|
omaha homes for sale: Home Sales Hit a Record-Setting Rebound
- 07/23/20 06:18 AM
With a worldwide health crisis that drove a pause in the economy this year, the housing market was greatly impacted. Many have been eagerly awaiting some bright signs of a recovery. Based on the latest Existing Home Sales Report from the National Association of Realtors (NAR), June hit a much-anticipated record-setting rebound to ignite that spark.
According to NAR, home sales jumped 20.7% from May to a seasonally-adjusted annual rate of 4.72 million in June:
“Existing-home sales rebounded at a record pace in June, showing strong signs of a market turnaround after three straight months of sales declines caused by the … (1 comments)
|
omaha homes for sale: NEW LISTING! Move-in Ready Home for Sale in Millard Highlands
- 07/22/20 01:29 PM
SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4,000 TO $7,000! CALL 402-676-6700.
OPEN HOUSE SUNDAY 7/26 FROM 2:00-4:00. Move-in ready, pre-inspected and appraised for $236,300. This home has all of the updates you are looking for - granite counters, updated cabinetry, stainless steel appliances, new carpet and flooring, new blinds, and updated bathrooms. The large and open living room, dining room and kitchen make for a great gathering area. The family room includes a fireplace and a stunning vaulted, backlit ceiling. Finished lower level. Washer and dryer are just 2 years old. Outside the house features a new roof, driveway and patio. … (7 comments)
|
omaha homes for sale: NEW LISTING! Omaha Home for Sale in Country Club District
- 07/21/20 08:48 AM
RECEIVE $7,000 TO $17,000 AT CLOSING WHEN BUYING A HOME. CALL 402-676-6700 NOW BEFORE THIS PROGRAM ENDS!
One of a kind blonde brick Tudor in the heart of historic Country Club. This home has been meticulously maintained from the top of the line EcoStar Rubber tile roof down to the refinished original 1919 red oak hardwood floors. Beautiful crown molding and detailed woodwork along with replacement windows throughout. Bright and open kitchen with wrap around custom cabinetry, tile backsplash, wood floors, granite countertops, and stainless steel appliances - all included! Grand master suite with a private bathroom, huge walk-in closet, plenty of natural light … (5 comments)
|
omaha homes for sale: Thinking of Selling Your House? Now May be the Right Time
- 07/21/20 06:51 AM
Inventory is arguably the biggest challenge for buyers in today’s housing market. There are simply more buyers actively looking for homes to purchase than there are sellers selling them, so the scale is tipped in favor of the sellers.
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), total housing inventory is down 18.8% from one year ago. Inventory is well below what was available last year, and the houses that do come to the market are selling very quickly.
Sam Khater, Chief Economist at Freddie Mac notes:
“Simply put, new housing supply is not … (0 comments)
|
omaha homes for sale: Does Your Home Have What Buyers Are Looking For?
- 07/16/20 06:37 AM
There’s great opportunity for today’s homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com:
“Sellers continue returning to the market at a cautious pace and further improvement could be constrained by lingering coronavirus concerns, economic uncertainty, and civil unrest.”
For homeowners who need a little nudge of motivation to get back in the game, it’s good to know that buyers are ready to purchase this season. After spending several months … (1 comments)
|
omaha homes for sale: Buyers: Are You Ready for a Bidding War?
- 07/14/20 06:55 AM
With businesses reopening throughout the country and some experts indicating early signs of a much-anticipated economic recovery, more homebuyers are actively entering the housing market this summer. Today, housing is truly driving the U.S. economy forward. With so many buyers looking for homes to purchase and so few houses for sale right now, there’s a disconnect between supply and demand. This imbalance is pushing home prices upward while driving more bidding wars and multiple-offer scenarios. Danielle Hale, Chief Economist at realtor.com explains:
“People are surprised that prices are rising, not falling, because in the last recession home prices fell, the difference … (2 comments)
|
omaha homes for sale: Best Time to Sell? When Competition Is at an All-Time Low
- 07/09/20 06:25 AM
In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won’t sell because of the pandemic and resulting economic recession. Of the respondents, 51% said they are “seriously worried.” That concern seems reasonable considering the current condition of the economy. The data, however, is showing that home purchasers are still very active despite the disruptions American families have experienced this year.
The latest Existing Home Sales Report published by the National Association of Realtors (NAR) revealed that 340,000 single-family homes sold in this country last month. NAR’s most recent Pending Sales Report (homes … (0 comments)
|
omaha homes for sale: Taking Advantage of Homebuying Affordability in Today’s Market
- 07/08/20 06:21 AM
Everyone is ready to buy a home at different times in their lives, and despite the health crisis, today is no exception. Understanding how affordability works and the main market factors that impact it may help those who are ready to buy a home narrow down their optimal window of time to make a purchase.
There are three main factors that go into determining how affordable homes are for buyers:
Mortgage Rates Mortgage Payments as a Percentage of Income Home Prices The National Association of Realtors (NAR), produces a Housing Affordability Index, which takes these three factors into account and determines an overall … (1 comments)
|
|
|
|
Homebuying has been on the rise over the past few months, with record-breaking sales powering through the market in June and July. Buyers are actively purchasing homes, and the momentum is continuing into the fall. It is, however, becoming harder for buyers to find homes to purchase. If you’ve been thinking about selling your house, the coming weeks might just be the timing you’ve been waiting for.
;)
;)
;)
