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What Can You Expect for Omaha Real Estate in 2015?
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The Omaha area has an excellent variety of homes within a vibrant market of both buyers and sellers. If you're considering purchasing property in Omaha, GO HERE to perform a Full Home Search, or if you're thinking about selling your property, CLICK HERE for a Free Home Value Report. For any other questions you have regarding current market trends or your own home's value, please don't hesitate to call me at (402) 614-6922, or email me at [email protected].
1. Interest rates
They are probably going to rise this year. They have been kept down artificially in the past, but are going to rise as the economy continues to recover.
2. Millennials
Millennials, or people between the ages of 25-34, are going to make up 60% of home buyers this year. These first-time home buyers and those looking to move up will have the biggest impact on our market in 2015.
3. New construction
Another theme of 2015 will be the rise in new construction. We are seeing a ton of new construction right now in places like Elkhorn, Gretna, and Papillion. This will be another huge part of our market this year.
4. Credit
Credit is still going to be a huge factor in real estate. There are strict requirements on credit scores for buyers, but we can help. We have some great lenders who can help guide you and advise you on what your next step should be.
5. Foreclosures are gone
Those bargain, bank-owned properties we saw after the housing market bubble in 2008 are nearly all gone. If you are waiting for a steal, you will be disappointed. Don't miss the boat on low interest rates by being set on buying a foreclosed home.
If you have any questions for us, we would love to be of assistance. Just give us a call or send us an email and we will get right back to you.
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