Archive for the ‘Omaha Market Update’ Category

Extended Tax Credit Time is Ticking! Deadline is April 30

March 12 2010

Now would be a fantastic time to take full advantage of shopping for your first home. The Goverment deadline for qualifying for your Federal Housing Tax Credit requires you to be under an accepted purchase agreement by April 30, 2010 and closed by June 30, 2010. FIRST TIME HOME BUYERS receive up to $8,000 in tax credit. These funds [...]

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What the heck is a “Walk Score”?

February 16 2010

Picture a walkable neighborhood. You lose weight each time you walk to the grocery store. You stumble home from last call without waiting for a cab. You spend less money on your car—or you don’t own a car. When you shop, you support your local economy. You talk to your neighbors.

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40% of US Homeowners did NOT make an on-time mortgage payment last month!

February 13 2010

So how in the world can 40% of the nation’s homeowners NOT make an on-time mortgage payment last month? Well, it’s simple. What I haven’t mentioned yet is that according to the US Census Bureau’s American Housing Survey released in late 2008, approximately 34% of American Homeowners own their home “free and clear” with no mortgage payment due… Hmmm.

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Now’s the time to buy or sell. . .Interest rates may be rising soon!

February 12 2010

THIS MIGHT BE THE VERY BEST TIME TO BUY OR SELL REAL ESTATE PROPERTY IN HISTORY!!
Why?
Significant government stimulus practices will be running out soon and could negatively affect interest rates, so time is quickly running out to get into the game!
By now you have heard the $8000 First Time Home Buyer and the $6500 Existing Home [...]

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The time to start shopping is now!

February 04 2010

Here we are in February already! Where did January go?  Many buyers out there that qualify for the extended and new existing home buyer tax credit are probably thinking they have plenty of time to shop for and purchase a home before the deadline hits.  But home buying is a process that involves a lot [...]

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FHA Reverses “Anti-Flipping” Rule for one year.

January 21 2010

According to current FHA guidelines, if you want to utilize FHA Financing, you are prohibited from doing so if the property you are purchasing has not been in title for 90 days with the current seller.
In my opinion, if a property is sound, meets all inspections, and appraises at or above purchase price any FHA [...]

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Tax Credit benefits for members of the military

December 31 2009

Did you know that members of the military and certain other federal employees have additional tax credit benefits?
Members of the military and certain other federal employees serving outside the U.S. have an extra year to buy a principal residence in the U.S. and qualify for the credit. Thus, an eligible taxpayer must buy, or enter [...]

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IRS Sets New Rules for Tax Credit

December 07 2009

      The IRS has spelled out the guidelines for eligibility for the home buyer credit when co-borrowers purchase a property and when unmarried individuals co-purchase a home and only one of them is eligible for the credit. Follow this link 

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Forbes Ranks Omaha #1!

December 07 2009

 
Top 5 Best Bang For The Buck Cities
1. Omaha-Council Bluffs, NE-IA Metro Area
2. Little Rock-North Little Rock-Conway, AR Metro Area
3. Jackson, MS Metro Area
4. Des Moines-West Des Moines, IA Metro Area
5. Augusta-Richmond County, GA-SC Metro Area

To find the cities that offer the most bang for the buck, Forbes looked at the country’s 100 largest Metropolitan [...]

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Home Buyer Tax Credit Video

December 05 2009

 Attached is a short video that was provided by RealtorTV. This article explains the new tax credit law in a simple and easy to understand video. Take three minutes of your time and click on the link below. There are other articles that you can browse through if you like. If you have questions I [...]

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McMansions On the Rise in Australia

December 04 2009

Australia has overtaken the United States, the heartland of the McMansion, to boast the world’s largest homes, according to a report by the Commonwealth Bank of Australia.
Research shows the Australian house has grown on average by 10 percent in the past decade to 2,310 sq ft — nearly three times the size of the average [...]

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Omaha Home Seen on the TODAY Show on NBC!

November 19 2009

If you watched the TODAY show last Friday morning you may have been surprised to see a home here in Omaha was chosen as one of just a handful of properties shown on the recurring segment by Barbara Corcoran, “What Can You Buy for Under $500k”? In case you missed it, click the previous link to view.
This [...]

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Clock Ticking on $8,000 Tax Credit

September 11 2009

Time is running out for homebuyers, who must close by November 30, 2009. The government’s $8,000 tax credit for first-time homebuyers has been extremely successful, but time is running out to capitalize on this unique opportunity.
The tax credit, available for first-time homebuyers, as well as to individuals who have not owned a principal residence in [...]

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Omaha Real Estate Market Update 7/2009

September 02 2009

         What a difference a year makes. I was just reviewing the stats from the Trendgraphic Reports on the Omaha real estate market. In July of 2008 there were 6327 homes on the market in the Omaha area. In July of 2009 there were 5384. That’s 943 homes difference. What does that mean to the [...]

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First Time Home Buyer Tax Credit – Time is Running Out…

August 18 2009

Now would be a fantastic time to take full advantage of shopping for your first home. The Goverment deadline for qualifying for your First Time Home Buyer Tax Credit is before December 1, 2009. This means that you would have to have your home bought and closed by this date in order to qualify for the [...]

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Omaha Real Estate Rebound

August 07 2009

The Omaha housing market is improving.  With the federal tax credit available, now is a great time for first time home buyers and others that may qualify.  Buyers are looking for the best house, on the best lot, for the best price, with the best features.  Current incentives make home buying even more attractive.  
For more information please [...]

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Omaha Real Estate Market Update

August 04 2009

Welcome to my first blog post!  I am excited about our new website so we can communicate what’s happening in the market directly to you.
I plan to provide regular video and written updates on what is going on in the Omaha Metropolitan area real estate scene.  I hope you find my updates helpful so you can [...]

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