Real Estate News

72% Of Renters Say They'll Never Be Able To Afford a Home. Are They Right?

Published by Nikki Palmer on Thu, 05/25/2023 - 4:00am

Finding an affordable home in 2023 is like finding a needle in a haystack made of other needles. At least, that's the sentiment expressed by most U.S. renters.

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VineBrook Homes Owns Thousands Of Midwest Properties. Tenants Are Crying Foul.

Published by jason@omahadail... on Thu, 05/18/2023 - 5:00am

Homes line Rex Avenue on Friday, April 21, 2023, in Breckenridge Hills, Mo. The company’s self-declared strategy is to buy single-family rental properties around the region. A Midwest Newsroom investigation uncovered neglect, aggressive evictions and rising rents where VineBrook moves in – mostly non-white neighborhoods.
(Brian Muñoz / St. Louis Public Radio)

Trash bags full of ruined clothes, furniture stained with mold and ruined keepsakes filled the front yard of Carolyn Burton and Jerry Hofee’s former rental home in north St. Louis County. It all had to go in the trash.

Burton and Hofee noticed the sewage leak not long after they moved into the rental home on Roslan Place.

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America’s Aging Flood Control Infrastructure Is Failing – Federal Funding Is Coming, But Too Often New Construction Relies On Old Data

Published by jason@omahadail... on Thu, 05/18/2023 - 3:00am

Average cost of federal flood insurance by county

Heavy downpours and a thick snowpack in the Western mountains and Upper Midwest have put communities in several states at risk of flooding this spring – or already under water.

Flooding is the costliest type of natural disaster in the U.S., responsible for about 90% of the damage from natural disasters each year. It happens almost every day somewhere in the country.

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Dumbbell Ranch Operation In Nebraska Sandhills Poised For Next Chapter

Published by Nikki Palmer on Thu, 04/27/2023 - 5:00am

OMAHA — After less than a month on the market, the Nebraska Sandhills ranch with the quirky name and storied past is poised to be purchased by a Colorado family.

The owners of the Dumbbell Ranch in the Hyannis area have a preliminary agreement with the potential buyer. And a member of the family that has had an ownership interest in the 15,500-acre property for more than a century said she is happy.

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The Federal Government Accidentally Burned Down Their Houses, Then Made It Hard to Come Home

Published by Nikki Palmer on Thu, 04/27/2023 - 4:00am

The wildfire had already burned 160 square miles of northern New Mexico Forest last spring when it suddenly surged ahead, reducing to ash the cozy cabin David Martinez had built for himself more than two decades earlier.

Martinez, now 64, had fled days before, one of 15,000 people ordered to leave as the fire spread.

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Ready To Raise The Roof? Start With A Home Renovation Plan To Avoid Surprises

Published by Nikki Palmer on Thu, 04/27/2023 - 3:00am

Renovating has been all the rage since the pandemic, resulting in home improvement projects taking nearly four times as long to complete compared to just a few years ago due to rising material costs and labor shortages.

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Home Buying In This Economy? Here Are 6 Key Stats On How Home Costs Compare To Inflation In 2023

Published by Nikki Palmer on Thu, 04/20/2023 - 2:00am

No one's been able to escape the impacts of inflation, from watching the number skyrocket at the gas pump to paying an extra premium for a carton of eggs. But inflation is nothing compared to the rise of home prices, which jumped by 42% since the pandemic began in 2020.

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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.