Real Estate News

Nebraska’s Mansion Might Have A Governor In It, After All

Published by Nikki Palmer on Thu, 12/29/2022 - 2:00am

The Nebraska Governor’s Mansion has hosted Gov. Pete Ricketts sporadically after being home base for previous governors since the late 1950s. (Shutterstock)

LINCOLN — Nebraska’s next governor, Jim Pillen of Columbus, plans to use the people’s mansion more than he has said.

In an interview last week, Pillen clarified his previous comments about his living arrangements, saying he plans to spend much of the work week at the mansion when the Legislature is in session. He said he will spend weekends at home but will be in Lincoln overnight regularly.

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Chicago Claims Its 22-Year “Transformation” Plan Revitalized 25,000 Homes. The Math Doesn't Add Up.

Published by Nikki Palmer on Thu, 12/22/2022 - 5:00am

It was called the Plan for Transformation, the most ambitious public housing makeover in U.S. history.

Under the plan, launched in 2000, the Chicago Housing Authority would demolish most of the city’s public housing developments, displacing thousands of families. Then, over the next 10 years, the agency would replace or repair 25,000 units of housing while bringing new investment to low-income communities.

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Omaha Apartments Shuttered For Safety Concerns, Displacing Dwellers Of 165 Units

Published by Nikki Palmer on Thu, 12/22/2022 - 2:00am

OMAHA — A sprawling northwest Omaha apartment complex that was shuttered Monday due to “widespread” and “dangerous” conditions had passed a city inspection about a year earlier.

That October 2021 inspection of Legacy Crossing focused on a random sample of 61 apartments generated by a computer program, and the city said those violations were corrected.

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Co-Buying A House: How Platonic Partners Make It Work

Published by Nikki Palmer on Thu, 12/15/2022 - 5:00am

From rising home prices to soaring interest rates, it’s a daunting time to be a home buyer. To achieve homeownership, some single buyers are trying a different approach: co-buying with friends or family members. But co-buying isn’t a short-term hack – it’s a lifestyle shift. Before you team up, experts recommend having vulnerable conversations about your finances and long-term goals. If you have patience to navigate the obstacles, co-buying can be a uniquely satisfying way to own a home.

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Omaha’s Capitol District Lands First Major Office Tenant And A 350-Seat Sports-Centric Restaurant

Published by Nikki Palmer on Thu, 12/15/2022 - 3:00am

OMAHA — Two years after construction wrapped up, the downtown Capitol District’s three-story mixed-use building is welcoming its first major office tenant.

Deloitte, an international audit and consulting firm, in mid-December will relocate its Omaha workforce to the structure’s top floor, marking the first traditional office-user at the Capitol District site touted primarily as an entertainment district.

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2022 Property Tax Statements Mailed

Published by Nikki Palmer on Thu, 12/15/2022 - 2:00am

Today Douglas County Treasurer, John W. Ewing, Jr., announced Personal and Real Property Tax statements have been mailed with several changes to provide taxpayers a better experience. The new statements include a colored Douglas County logo that shows through the window envelope for improved visibility. Customers can now find their key number behind the parcel number on real property statements.

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Foreclosure Completions Increase 64% Annually In November 2022

Published by Nikki Palmer on Thu, 12/15/2022 - 1:00am

According to ATTOM Data’s latest U.S. Foreclosure Market Report, there were 30,677 U.S. properties with foreclosure filings (default notices, scheduled auctions or bank repossessions). This figure was up 57% from one year ago but down 5% from October. In addition, they report that REOs represented 3,770 U.S.

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Federal Reserve Is About To Hike Interest Rates Once Again – So Why Are Mortgage Rates Coming Down?

Published by Nikki Palmer on Thu, 12/15/2022 - 12:00am

The Federal Reserve is expected to raise interest rates by half a percentage point on Dec. 14, 2022, to a range of 4.25 to 4.5%, which would be the seventh increase this year. So far in 2022, the Fed has lifted its benchmark short-term rate, which influences most other borrowing costs in the economy, by 3.75 percentage points from a low of about zero as recently as March.

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Omaha ‘Riverplace’ To Break Decade-Long Dearth Of Newly Built Condos Downtown

Published by Nikki Palmer on Thu, 12/08/2022 - 5:00am

Riverplace is a proposed residential condominium project to be built on a long-vacant piece of property near the Missouri River banks, and would be the first newly constructed for-sale condominiums in about a decade. (Shutterstock)

OMAHA — A long-vacant property near Omaha’s riverfront is to come alive with a nearly $12 million residential condo project that stands out, in part, for the timing as well as a garage-top swimming pool.

The five-story “Riverplace” is believed to be the first new construction condominium structure set to rise downtown in more than a decade.

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What’s Really Driving ‘Climate Gentrification’ In Miami? It Isn’t Fear Of Sea-Level Rise

Published by Nikki Palmer on Thu, 12/08/2022 - 4:00am

Residents of Miami’s Little Haiti have been fighting plans for a luxury development for several years. (Lynne Sladky / AP Photo)

Miami’s Little Haiti has been an immigrant community for decades. Its streets are lined with small homes and colorful shops that cater to the neighborhood, a predominantly Afro-Caribbean population with a median household income well below Miami’s.

But Little Haiti’s character may be changing.