Real Estate News

Is Airbnb To Blame For Housing Affordability?

Published by jason@omahadail... on Thu, 01/04/2024 - 10:56pm

The rise of Airbnb — hitting $1.8 to $2.5 billion in profit in the first half of 2023 — and similar short-term rental (STR) platforms sparked a significant debate over their impact on housing affordability. Urban centers worldwide face escalating rental prices and a shrinking pool of affordable housing. Consequently, these platforms face increasing scrutiny for their role in this crisis.

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Environmental Groups Want Stronger Rules For Use Of Coal Ash Fill After EPA Reveals New Risks

Published by jason@omahadail... on Thu, 01/04/2024 - 10:55pm

Coal ash, what’s left over after coal is burned to generate electricity, is one of the largest waste streams in the U.S., with hundreds of millions of tons of it lying in hundreds of sites across the country.

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States, Biden Administration Push Efforts To Aid Renters, Keep People Housed

Published by jason@omahadail... on Thu, 01/04/2024 - 10:52pm

Government rental assistance, a boon during the pandemic, has dwindled. Some states are working on their own solutions.
(Nam Y. Huh / AP Photo)

Maine’s housing authority received $35 million in 2023 — the first time in 54 years it has received a direct appropriation from the state budget — to help build more affordable rental housing for communities that have struggled to keep up with high housing prices.

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5-Month Skid In Home Sales Snapped In November As Easing Mortgage Rates Give Buyers Breathing Room

Published by jason@omahadail... on Thu, 12/28/2023 - 5:00am

LOS ANGELES (AP) — Sales of previously occupied U.S. homes rose in November, ending a five-month skid, as easing mortgage rates provided some breathing room for homebuyers.

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Ivory, Eggshell, Ecru, Or Cream? Choosing The Right Interior Paint Color

Published by jason@omahadail... on Thu, 12/28/2023 - 4:00am

According to Better Homes and Gardens, the right interior paint scheme can add up to $5000 to the overall value of a home. It’s also one of the most accessible home improvement projects for homeowners, with professional advice readily available and affordable supplies and equipment.

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‘That Was My Home’: Homeless Residents Face Uncertainty As Encampment Sweeps Gain Steam

Published by jason@omahadail... on Thu, 12/28/2023 - 3:00am

SAN DIEGO — Tracy Bennett has packed up and moved her tent and possessions so many times when the city periodically clears her sidewalk encampment, she jokes she could run her own moving company.

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Data Shows Even Wealthy Investors Aren't Immune To Emotional Decision-Making in Real Estate Transactions

Published by jason@omahadail... on Thu, 12/28/2023 - 2:00am

In November, house prices were up an average of 3.7% from 2022, but home sales continues to drop 7.4% every year since 2021.

The United States real estate sector is still recovering from the effects of the pandemic housing boom, soaring interest rates, and a critical shortage of housing inventory, presenting challenges and opportunities for seasoned investors and new homeowners.

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Solar Energy And Its Cheaper Bills Are Coming To More Disadvantaged Communities

Published by Nikki Palmer on Thu, 12/21/2023 - 5:00am

HOUSTON — When a lightning storm knocked out power in Doris Brown’s Northeast Houston neighborhood this summer, her solar-powered home suddenly became a refuge for frantic neighbors left without electricity.

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53% Of Recent Home Sellers Dropped Their Asking Price, Survey Finds

Published by Nikki Palmer on Thu, 12/21/2023 - 4:00am

The honeymoon is over for the real estate market.

After years of steady growth, United States housing prices peaked during the fourth quarter of 2022. Since then, homeowners trying to sell have faced a completely different game, plagued by fewer offers, more time on the market, and lower selling prices.

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Omaha’s Public Housing Residents Are Facing Eviction More Often — And Sometimes Over Small Debts

Published by jason@omahadail... on Thu, 12/14/2023 - 5:00am

Avery Brown, an attorney with the Tenant Assistance Project, walks out of Courtroom 20 at the Douglas County court on Tuesday, Nov. 7. Courtroom 20 hosts eviction proceedings four days a week.
(Jeremy Turley / Flatwater Free Press)

As Bob Peniska rolled out the doors of Douglas County court, he asked himself a question familiar to many public housing tenants leaving eviction proceedings: Where will I go now?

After nearly a decade at Benson Tower, the Omaha Housing Authority wanted him out. The lifelong Omahan, who is missing his left foot and uses a motorized wheelchair, knew his options were limited.