Real Estate News

FHFA Says Home Prices Up 17.7% From 2021

Published by Nikki Palmer on Mon, 09/12/2022 - 1:00am

According to the latest Federal Housing Finance Agency’s (FHFA) House Price Index (HPI), U.S. house prices rose 0.1% in June and were up 17.7% from Q2, 2021. The FHFA produces the nation’s only public, freely available house price indexes (HPIs) that measure changes in single-family house prices based on data that cover all 50 states and over 400 American cities and extend back to the mid-1970s.

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North Platte Chamber & Development Announces Pursuit Of Soybean Crush Plant

Published by Nikki Palmer on Mon, 09/05/2022 - 4:00am

The existing Greenbrier building (pictured) is being purchased in a cooperative effort between the North Platte Chamber and Development Corporation and Lincoln County and will serve as a catalyst to develop the remainder of the park. (The North Platte Chamber & Development Corporation)

LINCOLN Neb. – The North Platte Chamber & Development Corporation (the Chamber) has announced its pursuit of a soybean processing plant to anchor its newly developing industrial rail park.

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State Sales File Procedure For Adjusting And Reporting The Assessed Value Of Agricultural Land Included In Sales Of Non Agricultural Land

Published by Nikki Palmer on Mon, 09/05/2022 - 3:00am

Purpose: This directive advises county assessors of the requirement for adjustments to agricultural and horticultural land values on sold parcels classified as non-agricultural that occur in the state sales file.

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Zombie Foreclosures Inch Up in Q3, 2022

Published by Nikki Palmer on Mon, 09/05/2022 - 1:00am

According to the ATTOM Data’s Q3 2022 Vacant Property and Zombie Foreclosure Report, there were 1.3 million (1,277,162) residential properties in the United States sitting vacant, representing 1.3%, or one in 78 homes, across the nation. The report also reveals that 270,470 residential properties in the U.S. are in the process of foreclosure in Q3 of this year, up 4.4% from Q2, 2022 and up 25.5% from Q3 of 2021.

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Former Chunk Of Downtown Omaha Conagra Campus Soon To Open As Brickline At The Mercantile

Published by Nikki Palmer on Mon, 08/29/2022 - 3:00am

OMAHA — When a $500 million redevelopment plan was first announced for obsolete parts of Conagra’s downtown campus, two things hadn’t happened yet: the COVID-19 pandemic and the makeover of Gene Leahy Mall.

Now, five years later, both those events to some degree have bolstered the outlook for the initial housing component slated to open in the next few months — as the Brickline at the Mercantile.

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Airbnb Launches New Anti-Party Technology

Published by Nikki Palmer on Mon, 08/29/2022 - 2:00am

In mid-August Airbnb announced that they introducing new “anti-party tools” in the US and Canada to help identify potentially high-risk reservations and prevent those users from taking advantage of their platform. The new Airbnb system system looks at several factors such as the history of positive reviews (or lack of them), length of time the guest has been on Airbnb, length of the trip, distance to the listing, weekend vs. weekday, among many others.

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3 Reasons Not To Tap Your Home Equity Right Now

Published by Nikki Palmer on Mon, 08/29/2022 - 1:00am

Soaring real estate values mean many homeowners are awash in equity — the difference between what they owe and what their homes are worth. The average-priced home is up 42% since the start of the pandemic, and the average homeowner with a mortgage can now tap over $207,000 in equity, according to Black Knight Inc., a mortgage and real estate data analysis company.

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Average US Long-Term Mortgage Rates Rise; 30-Year At 5.55%

Published by Nikki Palmer on Mon, 08/29/2022 - 12:00am

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week as inflation worries remained at the fore and the slowdown in economic growth weighs on the housing market.

Mortgage buyer Freddie Mac reported Thursday that the 30-year rate increased to 5.55% from 5.13% last week. Last year at this time, the rate stood at 2.87%.

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Nearly $17.5 Million In Grants Awarded For Affordable Housing Projects In Nebraska

Published by Nikki Palmer on Mon, 08/29/2022 - 12:00am

LINCOLN — Forty affordable housing projects across the state, from Auburn to Bertrand and Ewing to Omaha, will share in nearly $17.5 million in state housing grants, the Nebraska Department of Economic Development announced Wednesday.

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New Developments In Environmental Due Diligence For Commercial Real Estate Transactions

Published by Nikki Palmer on Mon, 08/22/2022 - 4:00am

Real property purchasers in a commercial setting should be apprised of any potential environmental liabilities they may assume upon purchase. Purchasers typically conduct environmental due diligence that involves a range of potential risks impacting the property’s value. Due diligence can reveal issues such as contaminated soil and groundwater, operational issues such as permit compliance, and threats to human health and the environment.