2022 was a crazy year for real estate.

It started off crazy and then interest rates caused a huge shift.

Here are some of my predictions for 2023.

Interest Rates

At the beginning of 2022, a 30-year fixed mortgage was around 3.11%.

Today, interest rates on a 30-year fixed mortgage are around 6.25%.

What a difference a year can make. I don’t know anyone that predicted interest rates to double.

My prediction is interest rates will go down but not by much. I think rates for 2023 will be between 5.5% - 6.5%. We will not touch 3% or 4%. Get used to the new normal.

Home Prices:

Omaha has seen homes appreciate 10% or more in the past several years.

That will come to an end. Some areas of the country will see home

The November 2022 Real Estate Report from the Great Plains Regional MLS is out and here’s what it says:

“Housing affordability continues to be a major roadblock for market participants, with mortgage rates more than double compared to this time last year. Buyers are delaying home purchases in hopes rates will drop, while many sellers are holding off on listing their homes due to weakening buyer demand, unwilling to trade in their current lower rates for significantly higher borrowing costs on their next property. As a result, existing-home and pending home sales have continued to slow as we move into winter.”

“With home sales down, nationwide housing inventory was at 3.3 months’ supply heading into November, up from 2.4 months from this time last

For the first time in at least ten years, Papillion La Vista Community Schools is preparing to admit option-enrollment high school students from outside the district.

Under the state's option enrollment program, students would be able to apply to attend during the 2023–24 academic year.

Papillion La Vista does accept transfers for different grades but it hasn't accepted high school transfers in years.

The district doesn't have an exact number of spots available just yet.

If you don't want to risk it, consider buying a home in Papillion. 

The Great Plains Regional MLS October 2022 Real Estate Report is out and here’s what it says:

“Existing home sales declined nationwide for the eighth consecutive month, falling 1.5% as of last measure, according to the National Association of REALTORS® (NAR), with sales down nearly 24% from the same period last year. Pending home sales also declined, dropping 10.9% month-to-month, exceeding economists’ expectations. Stubbornly high inflation and soaring borrowing costs have eroded buyer purchasing power and have caused the market to cool rapidly this year.”

“The US housing market is undergoing a major shift, and affordability continues to be an obstacle for buyers and sellers. Mortgage rates have doubled since March, and home prices remain elevated

Here’s what the Great Plains Regional MLS September 2022 real estate report has to say:

“The U.S. real estate market continues to slow as we move into fall, as rising consumer prices and higher mortgage interest rates squeeze homebuyer budgets and cool activity. With inflation showing little sign of abating, the Federal Reserve implemented another 75-basis-point hike in September, marking the third such rate increase this year. The cost of borrowing has reached multi-year highs on everything from credit cards to auto loans in 2022 as mortgage interest rates topped 6% for the first time since 2008, causing existing home sales to decline for the seventh consecutive month.”

“Affordability challenges have priced many buyers out of the market this year,

The Great Plains Regional MLS August 2022 real estate report is out and here’s what it says:

“Summer 2022 has been a season of change for the U.S. real estate market. With housing affordability at a 33-year low, existing-home sales have continued to soften nationwide, falling 5.9% month-to-month and 20.9% year-over-year as of last measure, according to the National Association of REALTORS® (NAR). Pending home sales have also continued to decline, while new listings have steadily increased, with unsold inventory reaching 3.3 months’ supply at the start of August. The pullback in demand has been particularly hard on homebuilders, causing new-home sales and construction to slow.”

“Inflation, higher interest rates, and fears of a potential recession

The Great Plains Regional MLS July 2022 real estate report is out and here’s what it says:

“The U.S. housing market has continued to cool, as rising mortgage rates and record-high sales prices have stifled affordability, weakening demand and pricing out a multitude of buyers. Nationally, median household income has failed to keep pace with increasing mortgage payments, with the costs of buying a home about 80% more expensive now than they were just three summers ago, according to the National Association of REALTORS® (NAR). As more and more prospective buyers find their home purchase plans delayed, many are turning to the rental market, where competition has intensified due to increased demand.”

“At a time of year when homebuying activity is

Considering moving to Omaha? Whether you’re moving back to the area, relocating for a job, or just looking for a new location, Omaha is the place for you. This guide will help you determine what you can afford, the best plan of attack for packing, and even help you pick a restaurant in your new neighborhood.

Determine What You Can Afford

First things first, you need to ask yourself the important question, “what type of home can I afford?” before even starting your search. Doing this will help you see the big picture of your finances. Organizing your finances when moving seems like a pretty typical thing to do, but some people get in the habit of spending money and it can get out of hand pretty quickly. Paying attention to your budget

The June 2022 real estate report released by the Great Plains Regional MLS is out and here’s what it says:

“Rising inflation, soaring home prices, and increased mortgage interest rates have combined to cause a slowdown in the U.S. housing market. To help quell inflation, which reached 8.6% as of last measure in May, the Federal Reserve raised interest rates by three quarters of a percentage point in June, the largest interest rate hike since 1994. Higher prices, coupled with 30-year fixed mortgage rates approaching 6%, have exacerbated affordability challenges and rapidly cooled demand, with home sales and mortgage applications falling sharply from a year ago.”

“With monthly mortgage payments up more than 50% compared to this time last year, the

Save time and money, and sign up for monthly membership car wash!

Rather than paying ‘per wash’ why not pay a monthly rate instead and get your car washed as often as you’d like? That’s right, these companies offer you unlimited car wash for a fixed monthly rate. Members gain access to Fast Lanes where they enjoy priority service and skip the usual long lines. Others also have Members Only areas where members get to lounge and relax while their car gets washed.

Below is a list of the top car wash clubs in the Omaha area. It includes their Location, Membership Perks, and Rates. Check them out and see which one you like most.

Club Car Wash

Club Car Wash opened their first branch as Tiger Express Wash in Columbia, Missouri back in 2006. They