Real Estate News

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.

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NIFA Warns Of Scams Associated With Nebraska’s Emergency Rent Aid Program

Published by jason@omahadail... on Thu, 12/14/2023 - 3:00am

LINCOLN — Nebraskans are being warned of scam artists using social media platforms to purportedly help applicants get emergency rental assistance.

The Nebraska Investment Finance Authority, which is currently managing the federally funded ERA program for the State of Nebraska, is alerting people to be cautious of fake website links and fraudulent offers related to the program.

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Unveiling Homeownership Challenges: CFPB Data Reveals Insights For Aspiring Buyers

Published by jason@omahadail... on Thu, 12/07/2023 - 5:00am

The report highlights that the denial rate for FHA loan applications surged to 12.4% in 2021. This stark divergence from the average raises critical inquiries into the distinct dynamics and considerations shaping the lending landscape for FHA-backed home acquisitions.
(Shutterstock)

Recent Consumer Financial Protection Bureau (CFPB) findings show that in 2021, the denial rate for home purchase applications declined, standing at 8.3%.

This decline marked a significant drop from the preceding years’ figures of 9.3% in 2020 and 8.9% in 2019.

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Farm Bill Extension Welcome, But Re-Authorization Still Needed

Published by jason@omahadail... on Thu, 12/07/2023 - 4:00am

Agriculture is the heart and soul of what we do in Nebraska. Our farmers and ranchers feed and fuel the world. Ensuring the strength of our agriculture sector is critical for Nebraska, but also our country. Food security is national security. Supply chain disruptions during the pandemic reinforced the need to prioritize food production at home. As Senator, I am working to ensure we pass a comprehensive Farm Bill that supports this.

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As Airbnb Falters, Hostels Seek To Compete

Published by jason@omahadail... on Thu, 12/07/2023 - 3:00am

Once a niche market for frugal, globetrotting young people, hostels are becoming a popular form of alternative lodging. No longer just rows of bunk beds, some hostels now offer private rooms and amenities like rooftop pools and spas.

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State Asks Owners Of Private Wells To Test Their Water, To Help With Statewide Study Of Nitrate In Aquifers

Published by jason@omahadail... on Thu, 12/07/2023 - 2:00am

LINCOLN — As part of a statewide study of nitrate pollution in Nebraska aquifers, the state is asking owners of private drinking water wells to conduct a free test of their water.

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States Grapple With Racist Language In Real Estate Deeds

Published by Nikki Palmer on Thu, 11/30/2023 - 5:00am

Lisa Boccetti is horrified by the restrictive covenant that is in the deed to her 1950s ranch house in Raleigh, North Carolina: It states that the land cannot be sold or occupied by Black people.