ResalesOmaha, Nebraska Housing Market Yo-yos Toward Seller"s Market
"Recently named by Forbes Magazine as one of the top 15 regions in the nation based on economic and quality of life factors," says Realtors Michael and Kristin Lyon, "Omaha offers a broad variety of housing styles and prices to suit all budgets. Parenting Magazine just ranked Omaha as one of the top ten cities in the nation for raising a family, and it"s also one of the nation"s top "eco-cities" based on air and water quality, open space and population stability according to "E," The Environmental Magazine. You"ll find a thriving arts and cultural community and many family-based activities."
Advise the Lyons, "The housing market continues to be strong, driven by low interest rates, an active pool of buyers and an inventory that"s constantly being refreshed with new additions. Homes in good condition generally are selling for 98 percent or more of asking price. Seller concessions (assistance with closing costs) for first-time home buyers are commonplace. Low- and mid-priced homes are being priced fairly aggressively by sellers. Higher-priced, distinctive homes continue to experience extended marketing times but may represent a good buy for incoming buyers used to higher-priced housing markets in other areas of the country."
"Omaha is a wonderful area to live in," agrees Realtor Vanessa Meyer, "- just large enough for great shopping, entertainers, and amenities. Still small enough to meet friendly, easygoing people who care about you."
Meyer explains, "Property values have steadily been on the rise for 19 years. So whether you have short or long term plans for settling in the Omaha area, a home purchase should be in your plans.
She continues, "As spring is trying to settle in our wonderful city, we see both listings and sales increasing rapidly. With interest rates staying low, more and more renters investing in homes, rental rates are going down as home sales continue to be stable. When all of America is having tough economic times, real estate sales are at record highs for the winter/spring season. This winter we had more sellers than buyers in the market. The warm weather has balanced out buyers/sellers more evenly as the year has progressed into spring."
Say Realtors Judy and Dave Smith, "A lot of buyers have surfaced due to the interest rates dipping so low. Lenders are offering 100 percent loans to buyers with good credit if they contribute at least 3 percent of their own money in closing costs.
Suggest the Smiths, "Sellers, if you list your home at a fair price, it will sell. Buyers, don"t wait and let the interest rates take you out of the market."
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