Market Analysis

Found 17 blog entries about Market Analysis.


The 2021 housing market was one for the history books. After three consecutive months of increases recently, existing home sales are on pace to hit their highest level in 15 years, with an estimated 6 million homes sold in 2021 according to the National Association of REALTORS®. Sales prices reached new heights, inventory hit rock bottom, and homes sold in record time, often for well above asking price. Mortgage rates, which began the year at historic lows, remain attractive, and homeowners who choose to sell in the coming months can expect to see plenty of buyer activity due to pent-up demand during the pandemic.

Looking ahead, experts anticipate many of the housing market trends of 2021 will continue in 2022, albeit at a more moderate level. Strong

34 Views, 0 Comments

 
The economy is improving, unemployment is falling, and the U.S. real estate market remains strong as we head into the holiday season, a period when activity typically slows as people take time to travel, celebrate, and spend time with loved ones. Although the market is not as frenetic as was seen earlier this year, buyer demand is high, bolstered by attractive mortgage rates and a low supply of inventory.

The most recent data from the National Association of REALTORS® reports the median single-family existing home sales price rose 16% in the third quarter of this year to $363,700, with all four regions of the country experiencing double-digit price growth. In new construction, builder confidence increased in November, surpassing analyst expectations

313 Views, 0 Comments


The U.S. housing market remains robust, with strong activity reported across both rental and residential housing fronts. Single-family rent prices are increasing rapidly, as demand for single-family housing and inventory constraints forces some buyers to rent, increasing competition and pushing rents up across the nation. Meanwhile, sales of new construction single-family homes recently hit a six-month high, rising 14% to a seasonally adjusted rate of 800,000, according to the latest data from the U.S. Department of Housing and Urban Development.

As temperatures drop, existing home sales continue to be plentiful, buoyed by strong demand, low interest rates, and a slight uptick in new listings in recent months, according to the National Association of

269 Views, 0 Comments


Nationwide, existing home sales were down slightly in August, falling 2% after two consecutive months of increases, according to the National Association of REALTORS®. The decline in existing home sales coincides with rising sales prices, which have continued to soar into fall, with the median sales price of existing homes up 14.9% compared to last year. Declining affordability has had a significant impact on homebuyers, many of whom have been priced out of the market and are choosing to wait for sales prices to ease before resuming their home search.

There are signs the market may be shifting, however. New listings have continued to hit the market, bucking seasonality trends commonly seen in the fall, a time when listing and sales activity typically

322 Views, 0 Comments


The booming U.S. housing market has spilled over to the rental market, which has seen demand for apartment and single-family rentals skyrocket this year, as high sales prices and an inadequate supply of available housing have forced many prospective buyers to rent for the foreseeable future. Increased demand for housing, along with an improving economy, has competition for rental units soaring, and landlords are taking note, with the national median rent increasing 11.4% in 2021 so far, according to Apartment List.

In new construction, home builders continue to struggle to meet buyer demand, as housing starts nationwide dropped 7% last month, according to the Commerce Department. Single-family home construction declined 4.5%, and multi-family home

313 Views, 0 Comments

Can't find the listing that ticks all the boxes in your must-have list? Why not build your dream home instead?

In this post we take a look at who builds the most homes per year in the Omaha area (Douglas and Sarpy County). This list is based purely on the number of homes built. 

 

#1 - Celebrity Homes

If you already live in Omaha, you'll be familiar with Celebrity Homes. And to many of you, it will be no surprise that Celebrity Homes is the biggest home builder in the area.



In 2020, they built 646 homes in the Douglas and Sarpy County area.

Pricing starts at $250,000+

Building homes in Nebraska since 1977. They build single-family homes as well as villas and townhomes.

Celebrity Homes combines innovation and practicality with

243 Views, 0 Comments

The White House recently announced additional measures to help struggling homeowners avoid foreclosure as they exit forbearance, including loan modifications and payment reductions. Borrowers with federally backed mortgages can lock in lower interest rates and extend the length of their mortgages. For borrowers who can’t resume their monthly mortgage, HUD will offer lenders the ability to provide all eligible borrowers with a 25% principal and interest reduction.

The National Association of REALTORS® reported inventory of homes for sale nationwide rose slightly in June as more sellers list their homes, hoping to take advantage of record-high sales prices across the country. Even with renewed home seller interest, inventory overall remains 18.8% lower

679 Views, 0 Comments

As we ease into new routines and look forward to a post-pandemic future, one thing remains certain: America desperately needs more homes. That is according to the June 2021 data released by the Great Plains Regional MLS.

School’s out, and as vaccination rates rise and America enters a new normal, the U.S. housing market continues along at a frenzied pace, with low interest rates and limited inventory fueling record high sales prices. Eager buyers are making multiple offers, some for well over asking price, while others are making offers on homes sight unseen.

The Bottom line:

The increase in sales prices comes with a slight decline in existing home sales nationwide, as homebuyers struggle with declining affordability amid a lack of inventory,

198 Views, 0 Comments

According to the May 2021 data released by the Great Plains Regional MLS, the housing market shows no signs of slowing as the weather warms and pandemic restrictions ease across much of the country. Strong buyer demand, fueled by low mortgage rates, continues to exceed the near historic low supply.

 

The Bottom line:

Sales prices are surging as a result of the nationwide inventory falling way below what it was at this time last year. And this trend is likely to continue for some time.

Let’s take a look at some of the numbers from May 2021:

May 2021 Omaha Area Real Estate Statistics

Average Sold Price: $295,911 (Up 14.3% from May 2020)
Homes Sold: 1,355 (Up 5.4% from May 2020)
New Listings: 1,640(Down 13.5% from May 2020)
Pending

428 Views, 0 Comments

April was another strong month for home sales. That is according to the April 2021 data released by the Great Plains Regional MLS.

The busy spring market continues to see many multiple offer situations driving sales prices above asking price. With such strong activity, by the time a property sale closes, the market may have already moved higher than that sold price suggests. Such markets can create stress and frustration for prospective homebuyers, who are frequently having to submit offers on multiple properties before they are able to secure a purchase.

 

The Bottom line:

Housing affordability remains an issue while strong buyer demand and low inventory show no signs of easing soon. And this market trend is pointing to a continuation through

651 Views, 0 Comments