Real Estate News

3 Reasons Not To Tap Your Home Equity Right Now

Published by Nikki Palmer on Mon, 08/29/2022 - 1:00am

Soaring real estate values mean many homeowners are awash in equity — the difference between what they owe and what their homes are worth. The average-priced home is up 42% since the start of the pandemic, and the average homeowner with a mortgage can now tap over $207,000 in equity, according to Black Knight Inc., a mortgage and real estate data analysis company.

Read more about 3 Reasons Not To Tap Your Home Equity Right Now

Average US Long-Term Mortgage Rates Rise; 30-Year At 5.55%

Published by Nikki Palmer on Mon, 08/29/2022 - 12:00am

WASHINGTON (AP) — Average long-term U.S. mortgage rates rose this week as inflation worries remained at the fore and the slowdown in economic growth weighs on the housing market.

Mortgage buyer Freddie Mac reported Thursday that the 30-year rate increased to 5.55% from 5.13% last week. Last year at this time, the rate stood at 2.87%.

Read more about Average US Long-Term Mortgage Rates Rise; 30-Year At 5.55%

Nearly $17.5 Million In Grants Awarded For Affordable Housing Projects In Nebraska

Published by Nikki Palmer on Mon, 08/29/2022 - 12:00am

LINCOLN — Forty affordable housing projects across the state, from Auburn to Bertrand and Ewing to Omaha, will share in nearly $17.5 million in state housing grants, the Nebraska Department of Economic Development announced Wednesday.

Read more about Nearly $17.5 Million In Grants Awarded For Affordable Housing Projects In Nebraska

New Developments In Environmental Due Diligence For Commercial Real Estate Transactions

Published by Nikki Palmer on Mon, 08/22/2022 - 4:00am

Real property purchasers in a commercial setting should be apprised of any potential environmental liabilities they may assume upon purchase. Purchasers typically conduct environmental due diligence that involves a range of potential risks impacting the property’s value. Due diligence can reveal issues such as contaminated soil and groundwater, operational issues such as permit compliance, and threats to human health and the environment.

Read more about New Developments In Environmental Due Diligence For Commercial Real Estate Transactions

More Midwest Banks See Opportunity To Finance Solar, Energy Efficiency Projects

Published by Nikki Palmer on Mon, 08/22/2022 - 3:00am

Smaller, regional banks and credit unions are increasingly looking to help homeowners finance solar installations in a sign of growing recognition of the opportunities in clean energy finance.

Read more about More Midwest Banks See Opportunity To Finance Solar, Energy Efficiency Projects

An $82 Million Apartment Project To Scrape Several Structures But Retain Omaha Landmark

Published by Nikki Palmer on Mon, 08/15/2022 - 4:00am

An apartment complex of about 330 units would rise southeast of 48th and Dodge Streets. The landmark Pittman veterinarian structure would be repurposed and incorporated into the design. (David Schildman / The Daily Record)

OMAHA — An $82 million apartment complex is poised to dramatically change the look of the busy Dodge Street corridor, clearing multiple structures but preserving and repurposing a landmark animal hospital as the project’s “front door.”

The new five-story building, with about 330 units, is to stretch across 2.5 acres southeast of 48th and Dodge Streets.

Read more about An $82 Million Apartment Project To Scrape Several Structures But Retain Omaha Landmark

Debunking Stereotypes About Mobile Homes Could Make Them A New Face Of Affordable Housing

Published by Nikki Palmer on Mon, 08/15/2022 - 2:00am

The Ridgeview Homes mobile home community in Lockport, N.Y. (Lauren Petracca / AP Photo)

When you hear the words “trailer park” or “mobile home park,” what comes to mind? Crime? Poverty? Vulnerability to natural disasters? These negative images reflect the stigma, reinforced by popular culture, that many U.S. residents assign to manufactured home parks – the official name for these dwellings under federal standards adopted in 1976.

Read more about Debunking Stereotypes About Mobile Homes Could Make Them A New Face Of Affordable Housing

Top 10 Best Cities for Fixer-Uppers

Published by Nikki Palmer on Mon, 08/15/2022 - 12:00am

StorageCafe says finding a home with good bones is not easy, however, they say a lot of it depends on the location. To that end, they analyzed over 61k active single-family listings in the 50 biggest US cities to determine their list of best cities for fixer-uppers. They looked at several metrics, including price, number of active fixer-upper listings, home & lot sizes as well as self storage costs and inventory (which they say is useful both during & after the renovation process). Interestingly, they point