top omaha realtors: 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)

top omaha realtors: 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)

top omaha realtors: 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 … (0 comments)

top omaha realtors: 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 … (0 comments)

top omaha realtors: 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)

top omaha realtors: 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)

top omaha realtors: 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)

top omaha realtors: 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 … (0 comments)

top omaha realtors: 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 … (0 comments)

top omaha realtors: 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)

top omaha realtors: 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)

top omaha realtors: NEW LISTING! Omaha Home for Sale in Hargle Road - 05/28/20 10:01 AM

SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4,000 TO $7,000! CALL 402-676-6700.
 
PRE-INSPECTED! Move-in ready ranch home with 3 bedrooms, 2 bathrooms, and a detached garage. Neutral colors and newer carpet throughout. Contemporary eat-in kitchen with updated cabinets with amazing storage, new hardware and fixtures, plus stainless steel appliances - all included. The living room features a built-in entertainment center perfect for keeping your electronics organized and out-of-sight when not in use. The finished basement includes a rec room, 3/4 bath, and laundry - washer and dryer included! In back is a deck, patio and a large fully fenced yard. Pre-Inspected with HMS Warranty … (6 comments)

top omaha realtors: Economists Forecast Recovery to Begin in the Second Half of 2020 - 05/28/20 06:27 AM
With the U.S. economy on everyone’s minds right now, questions about the country’s financial outlook continue to come up daily. The one that seems to keep rising to the top is: when will the economy begin to recover? While no one knows exactly how a rebound will play out, expert economists around the country are becoming more aligned on when the recovery will begin.
According to the latest Wall Street Journal Economic Forecasting Survey, which polls more than 60 economists on a monthly basis, 85.3% believe a recovery will begin in the second half of 2020 (see graph below):There seems to … (1 comments)

top omaha realtors: Buying or Selling a Home? You Need an Expert Kind of Guide - 05/26/20 06:48 AM
In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate through the process. You need someone you can turn to who will tell you how to price your home correctly right from the start. You need someone who can help you determine what to offer on your dream home without paying too much or offending the seller with a low-ball offer.
We are, however, in anything but a normal market right now. We are amid one of the greatest health crises our nation has ever seen. The pandemic has had … (0 comments)

top omaha realtors: 6 Reasons Why Selling Your House on Your Own Is a Mistake - 05/21/20 06:23 AM
There are many benefits to working with an Omaha real estate professional when selling your house. During challenging times like the one we face today, it becomes even more important to have an expert help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale By Owner or FSBO, please consider the following:1. Your Safety Is a PriorityDuring this pandemic, your family’s safety comes first. When you FSBO, it is incredibly difficult to control entry into your home. A real estate professional will have the proper protocols in place to protect not … (2 comments)

top omaha realtors: Housing Market Positioned to Bring Back the Economy - 05/19/20 06:14 AM
All eyes are on the American economy. As it goes, so does the world economy. With states beginning to reopen, the question becomes: which sectors of the economy will drive its recovery? There seems to be a growing consensus that the housing market is positioned to be that driving force, the tailwind that is necessary. Some may question that assertion as they look back on the last recession in 2008 when housing was the anchor to the economy – holding it back from sailing forward. But even then, the overall economy did not begin to recover until the real estate market … (1 comments)

top omaha realtors: Will the Housing Market Turn Around This Year? - 05/14/20 06:19 AM
Today, many people are asking themselves if they should buy or sell a home in 2020. Some have shifted their plans or put them on hold over the past couple of months, and understandably so. Everyone seems to be wondering if the market is going to change and when the economy will turn around. If you’re trying to figure out what’s going to happen and how to play your cards this year, you’re not alone. This spring in the 2020 NAR Flash Survey: Economic Pulse, the National Association of Realtors (NAR) has been tracking the behavior changes of homebuyers and sellers. … (2 comments)

top omaha realtors: Will Home Values Appreciate or Depreciate in 2020? - 05/12/20 06:16 AM
With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price of any item is determined by supply as well as the market’s demand for that item. Each month the National Association of Realtors (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for the REALTORS Confidence Index. Their latest edition sheds some light on the relationship between seller traffic (supply) and buyer traffic (demand) during this pandemic.Buyer DemandThe map below was created after … (2 comments)

top omaha realtors: NEW LISTING! Omaha Home for Sale in Northampton Court - 05/07/20 09:31 AM

SPECIAL FINANCING. PAY NO LENDER FEES. SAVE $4,000 TO $7,000! CALL 402-676-6700.
 
Open house Saturday 5/9 11:00 - 1:00. PRE-INSPECTED! Charming 2 story town home with 2 bedrooms and 2 bathrooms. This end unit also includes a one car garage. Eat-in kitchen with wood floors and ample cabinet space for storage. Updated main level bath is white and bright. 2 sizable bedrooms on the 2nd floor with large closets and ceiling fans. Incredibly remodeled full bathroom with quartz counter, double sinks, newer lighting and a beautiful tile shower. The lower lever includes a family room and an extra large storage room. Well maintained grounds with … (8 comments)

top omaha realtors: Why Home Equity Is a Bright Spark in the Housing Market - 05/07/20 06:13 AM
Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for homeownership, and understanding the significant equity Americans hold today, are important parts of seeing the picture clearly when sorting through this uncertainty. One of the biggest questions right now is whether this historic unemployment rate will … (0 comments)

 
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