Real Estate News

U.S. Construction Spending Up 8.5% Year-Over-Year

Published by Nikki Palmer on Thu, 10/13/2022 - 12:00am

The U.S. government is reporting that total construction spending in August, 2022 was at a seasonally adjusted annual rate of $1,781.3 billion, which is 0.7% lower than July’s revised estimate but is 8.5% higher than one year ago. Residential construction came in at a seasonally adjusted annual rate of $912.9 billion in August, which is 0.1% lower than July’s revised estimate.

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MLS Weekly Report Lincoln Oct2-Oct8

Published by Erin@omahadaily... on Tue, 10/11/2022 - 11:55am

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MLS Weekly Report Omaha Oct2-Oct8

Published by Erin@omahadaily... on Tue, 10/11/2022 - 11:54am

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Theft-Proof Rehabbing

Published by Nikki Palmer on Mon, 10/10/2022 - 12:00am

One of the most common things I run across no matter where in the country our properties may be, is theft or vandalism. I don’t know any investor that has not faced this as sad as that may be. It doesn’t always have to be serious, but it is always inconvenient. From neighborhood kids tagging with spray paint to full blown breaking & entering and burglary, you will want to avoid this if possible. Here are my suggestions.

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Trump Properties Aren’t The Only Ones To See Wild Valuations – Putting A Price On Real Estate Isn’t Straightforward

Published by Nikki Palmer on Thu, 10/06/2022 - 5:00am

On the lower tip of Manhattan there is a prime piece of real estate, the price of which is somewhat up for debate.

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MLS Weekly Report Lincoln Sept25-Oct1

Published by Erin@omahadaily... on Wed, 10/05/2022 - 11:30am

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MLS Weekly Report Omaha Sept25-Oct1

Published by Erin@omahadaily... on Wed, 10/05/2022 - 11:29am

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Months In The Making, Omaha’s Housing Affordability Plan Is Ready For Scrutiny

Published by Nikki Palmer on Mon, 10/03/2022 - 3:00am

OMAHA — Private developers seeking the sometimes controversial public subsidy called tax-increment financing soon could be required to replace each affordable housing unit destroyed while building their new project.

They also might see a new mandate that TIF residential projects include a certain percentage of affordable housing units.

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US Long-Term Mortgage Rates Up For 6th Week; 30-Year At 6.7%

Published by Nikki Palmer on Mon, 10/03/2022 - 1:00am

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week for the sixth straight week, marking new highs not seen in 15 years, before a crash in the housing market triggered the Great Recession.

Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate climbed to 6.70% from 6.29% last week. By contrast, the rate stood at 3.01% a year ago.

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Plug Pulled On Mulitmillion-Dollar "Intersections" Project For South Omaha

Published by Nikki Palmer on Fri, 09/30/2022 - 3:00am

OMAHA — Developers have scrapped an ambitious plan that had aimed to turn a largely industrial 25-acre tract south of downtown into a multimillion-dollar wellness and sports complex.

A spokesman for Community Health Development Partners told the Nebraska Examiner that there’s a chance the “Intersections” campus could move on, perhaps in some smaller form, elsewhere in Omaha.