ONLY IN THE WORLD-HERALD
POSTED: TUESDAY, FEBRUARY 16, 2016 12:30 AM | UPDATED: 12:13 PM, TUE FEB 16, 2016.
Omaha home sales in 2016 could match or exceed last year’s highs, experts say
JAMES R. BURNETT/THE WORLD-HERALD
New foundations are poured in the subdivision. At the Arbor Gate subdivision, south of 194th and Q Streets, Celebrity Homes, one of Omaha’s busiest and high-profile homebuilders, has launched a new series of houses targeting young people and first-time homebuyers. The residences that start at $129,000 are part of the New Beginnings series.
Homes sales in the Omaha area have continued a five-year climb from the depths of the Great Recession. Last year’s tally reached an apparent all-time high.
For that record-breaking run — and also for a bright outlook for the rest of 2016 — local real estate experts tip their hats to growing demand from the millennial crowd and to rising rents that have nudged more people toward homeownership.
They say also that the metro’s unprecedented low availability of for-sale homes has stoked competition for spiffy and well-priced properties.
And a national housing-trend tracker adds that Omaha’s own Oracle has had a hand in bumping up national and local home sales.
RealtyTrac’s Daren Blomquist recalled Warren Buffett’s proclamation in 2012 that the best investment might very well be buying distressed single-family houses. The famous investor and Berkshire Hathaway boss at the time said that if he had a way of managing them, he’d “load up” on houses at low interest rates and expect a substantial profit when the market rebounded.
For the full article click here: http://www.omaha.com/money/omaha-home-sales-in-could-match-or-exceed-last-year/article_869a063b-0a18-519d-bce3-c949d5889ef4.html
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