Real Estate News

The Ethics Of Home Ownership In An Age Of Growing Inequality

Published by Nikki Palmer on Thu, 03/30/2023 - 5:00am

Is purchasing property as a primary home considered more ethical than acquiring property for investment? (David Schildman / The Daily Record)

For many Americans today, homeownership is an unattainable dream.

In 2022, the average long-term U.S. mortgage rate rose to 7% for the first time in more than two decades. The median sales price of existing homes climbed to a record US$416,000 while demand for mortgages dropped to a 25-year low.

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Scott Frost House Sold For A Capital City Record Of $3.5 Million

Published by Nikki Palmer on Thu, 03/30/2023 - 3:00am

LINCOLN — Scott Frost’s success as a football coach at the University of Nebraska wasn’t a record-breaker, but the sale of his home in South Lincoln was.

Frost’s five-bedroom, eight-garage home in The Ridge neighborhood sold for $3.5 million in late November, according to Lancaster County property records.

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Is Being A Landlord Worth It?

Published by Nikki Palmer on Thu, 03/23/2023 - 5:00am

An apartment complex off 45th and Parker in Omaha. There are always pros and cons to investing in real estate, but if you make sure you’re investing in a way that’s sustainable for your bank account and your community, becoming a landlord is a great option. (David Schildman / The Daily Record)

Real estate has been a popular investment for a very long time — for those who can afford it. But in recent years, trends such as house flipping, “house hacking” (living in one room of a property while renting out the others) and short-term vacation rentals have made real estate investment much more accessible, especially for millennials seeking a second income stream in an uncertain economy.

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Senators Had Questions For The Maker Of A Rent-Setting Algorithm. The Answers Were “Alarming.”

Published by Nikki Palmer on Thu, 03/23/2023 - 4:00am

After a ProPublica investigation, RealPage answered questions from lawmakers about its product. In response, the senators sent a letter to the Justice Department. (Shutterstock)

After a ProPublica investigation last year, a group of senators demanded answers from a real estate tech company that helps landlords set rents across the country.

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Affordable Housing Advocates Gather At State Capitol To Learn And Lobby For Millions

Published by Nikki Palmer on Thu, 03/23/2023 - 3:00am

LINCOLN — Nebraska’s billion-dollar onslaught of federal pandemic funds lit a fire of sorts last year under nonprofits that deal with affordable housing.

They came to this year’s legislative session more organized as a coalition, said Wayne Mortensen of NeighborhoodWorks Lincoln.

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$43 Million Capriana Project Adds A Twist To Nebraska’s Affordable Housing Crunch

Published by Nikki Palmer on Thu, 03/16/2023 - 5:00am

Construction crews prepare the 15-acre site in the Elkhorn area for the mixed-income Capriana neighborhood, which will switch things up: the affordable component will be the single-family homeownership options and the apartments will be market rate rentals.
(Cindy Gonzalez / Nebraska Examiner)

OMAHA — In a rather rare housing twist, a mixed-income neighborhood developing on Omaha’s western edge will offer single-family houses as the more affordable option and apartments as the market-rate component.

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A New Solar Model Is Bringing Bigger Savings To Renters In Minneapolis

Published by Nikki Palmer on Thu, 03/16/2023 - 3:00am

A Twin Cities solar co-op and affordable housing group are piloting a new approach to helping renters benefit from solar.

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Another Park Proposed For Downtown Omaha Is Seen As A Selling Point For Growing Builder’s District

Published by Nikki Palmer on Thu, 03/02/2023 - 4:00am

OMAHA — In the works for downtown Omaha is another park, a privately owned but publicly accessible entertainment space expected to help lure residents to the developing Builder’s District that’s anchored by Kiewit Corp.

The Square, as it is referred to in city documents, would cover about 1.4 acres southeast of 17th and Cuming Streets.

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South Omaha Raises A Collective Voice To Say The Area Is Ready For $100 Million In ARPA Funds

Published by Nikki Palmer on Thu, 03/02/2023 - 3:00am

A South Omaha parking lot would be transformed into a community gathering place with a stage and performance area, playground and more under a plan to be financed with a proposed grant from the Nebraska Economic Recovery Act of 2022. (Cindy Gonzalez / Nebraska Examiner)

OMAHA — South Omaha leaders gathered Monday for the second time in a week to shout out a message to state officials that they are ready to put roughly $100 million in pandemic recovery funds to use in their community.

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New Home Prices Continue Their Ascent In Omaha Metro, And A New Study Offers Peek At Why

Published by Nikki Palmer on Thu, 02/23/2023 - 5:00am

Rows at Coventry, under construction near 207th and Q Streets in Douglas County, will offer hard-to-find price point in new construction market. (Cindy Gonzalez / Nebraska Examiner)

OMAHA — The average sale price of a newly built home in the Omaha area has hit the half-million-dollar mark, and a local nonprofit group is ramping up efforts to stem construction costs that have helped to drive record prices.

Read more about New Home Prices Continue Their Ascent In Omaha Metro, And A New Study Offers Peek At Why

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Real Estate News

The Ethics Of Home Ownership In An Age Of Growing Inequality

Scott Frost House Sold For A Capital City Record Of $3.5 Million

Is Being A Landlord Worth It?

Senators Had Questions For The Maker Of A Rent-Setting Algorithm. The Answers Were “Alarming.”

Affordable Housing Advocates Gather At State Capitol To Learn And Lobby For Millions

$43 Million Capriana Project Adds A Twist To Nebraska’s Affordable Housing Crunch

A New Solar Model Is Bringing Bigger Savings To Renters In Minneapolis

Another Park Proposed For Downtown Omaha Is Seen As A Selling Point For Growing Builder’s District

South Omaha Raises A Collective Voice To Say The Area Is Ready For $100 Million In ARPA Funds

New Home Prices Continue Their Ascent In Omaha Metro, And A New Study Offers Peek At Why

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