Real Estate News

Transforming An Old Water Park And Convention Center In Central Omaha

Published by Nikki Palmer on Mon, 11/07/2022 - 1:00am

OMAHA — More ventures are poised to fill in the former CoCo Key water park and convention center site northeast of 72nd and Grover Streets.

A $2.8 million two-story dental office structure is now to be constructed and connected to the existing New Image Dentistry corner building. Owners say they’re bursting with business, and the addition will include a pediatric dentistry clinic.

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Century-Old Family Bakery To Expand In Sarpy County Frontier

Published by Nikki Palmer on Thu, 11/03/2022 - 5:00am

PAPILLION — A century-old, family-owned bread business is among the latest entities headed to the Steel Ridge development, one of the newer, hot growth slices of metropolitan Omaha.

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5 Takeaways From Our Investigation Into RealPage’s Rent-Setting Algorithm

Published by Nikki Palmer on Thu, 11/03/2022 - 4:00am

Nationwide, rent was up by 9% in September compared to the previous year. That’s the first time in 2022 that rent increases were in the single digits, down from an 18% increase in March, according to an analysis by the real estate company Redfin.

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MLS Weekly Report Lincoln Oct23-Oct29

Published by Erin@omahadaily... on Wed, 11/02/2022 - 12:51pm

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MLS Weekly Report Omaha Oct23-Oct29

Published by Erin@omahadaily... on Wed, 11/02/2022 - 12:49pm

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MLS Weekly Report Lincoln Oct16-Oct22

Published by Erin@omahadaily... on Thu, 10/27/2022 - 12:12pm

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MLS Weekly Report Omaha Oct16-Oct22

Published by Erin@omahadaily... on Thu, 10/27/2022 - 12:11pm

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Building Subsidized Low-Income Housing Actually Lifts Property Values In A Neighborhood, Contradicting NIMBY Concerns

Published by Nikki Palmer on Thu, 10/27/2022 - 5:00am

Building multiple publicly subsidized low-income housing developments in a neighborhood doesn’t lower the value of other homes in the area – and in fact can even increase their worth, according to a new peer-reviewed study I co-authored.

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Existing Home Sales Drop 1.5% In September

Published by Nikki Palmer on Wed, 10/26/2022 - 3:00am

The National Association of Realtors is reporting that existing home sales were down 1.5% in September to a seasonally-adjusted annual rate of 4.71 million (down 23.8% year over year). Total housing inventory at the end of September was 1,250,000 units, down 2.3% from August and down 0.8% from one year ago. Unsold inventory sits at a 3.2-month supply at the current sales rate with properties remaining on the market for around 19 days. The median existing-home price for all housing types in July was $384,800, up 8.4

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Average Long-Term US Mortgage Rates Rise This Week To 6.94%

Published by jason@omahadail... on Mon, 10/24/2022 - 1:00am

WASHINGTON (AP) — Average long-term U.S. mortgage rates inched up this week ahead of another expected rate increase by the Federal Reserve when it meets early next month.

Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate ticked up this week to 6.94% from 6.92% last week. Last year at this time, the rate was 3.09%.