Omaha's housing market

[Faux Sean Callahan]

 

[Faux Sean Callahan]

I'm a Realtor at the Lake of the Ozarks. I have 10 lbs of clients looking to Buy and 1 lb of clients looking to Sell. Our inventory has been cut by about 85% in the last 2 years. People from all over the country wanting to move here full time, it's crazy. Also our VRBO owners have been making mad cash so they are buying more properties. We may see a slight leveling out of the National Housing Markets because of the skyrocketing interest rates. Real Estate is traditionally a good investment during Inflationary times.

You have to think this shit is going to correct hard soon, but the only thing that will is interest rates going up and inventory catching up.

 

[MtnHusker]

You have to think this shit is going to correct hard soon, but the only thing that will is interest rates going up and inventory catching up.

Inventory isn't going to be able to catch up with the labor shortages and problems getting materials. Plus cost of goods is skyrocketing so building costs will greatly increase dragging housing prices with them. If we do have a correction the Rich are going to get more Rich off of this because they can pay cash and pick up properties cheap while the working class will struggle paying higher interest rates thus limiting what they can afford to buy. Buy in the right locations and you will be golden. The 3 L's of Real Estate: Location, Location, Location

 

[BIG TONE SOPRANO]

HEY ITS MY BUDDY TIMMMMMMM!!!!

@lee_carvallo_12 @#HBD

 

[Cash68847]

Inventory isn't going to be able to catch up with the labor shortages and problems getting materials. Plus cost of goods is skyrocketing so building costs will greatly increase dragging housing prices with them. If we do have a correction the Rich are going to get more Rich off of this because they can pay cash and pick up properties cheap while the working class will struggle paying higher interest rates thus limiting what they can afford to buy. Buy in the right locations and you will be golden. The 3 L's of Real Estate: Location, Location, Location

That’s how it always works when there is a recession. If you have cash on hand you can get deals. Atleast prices should go down on materials and goods. I hope they do anyways. Food will be interesting with this war in Ukraine.

 

[#HBD]

HEY ITS MY BUDDY TIMMMMMMM!!!!

@lee_carvallo_12 @#HBD

@HuskerTimOmaha @SavageWideouts @Frosterbate etc etc etc etc etc GITT, old friend!!!

 

[Faux Sean Callahan]

 

[Jim14510]

330k for 734 Square ft. Yikes

 

[Baron Winnebago]

330k for 734 Square ft. Yikes

But you get to live in Denver.

 

[Faux Sean Callahan]

 

[Jim14510]

But you get to live in Denver.

Meh

 

[Huskersballz]

Anyone else notice that millennial homeowners have ridiculous standards when it comes to buying houses? I know multiple childless couples in their late 20s that are trying to buy a house and they refuse to look at any house that isn’t 3+ bedrooms, fully updated and west of 144th St in Millard, Elkhorn, etc school districts. And then they bitch on Facebook about the housing market when the problem is with themselves. You’re still able to get a decent starter home for under $200k in Omaha that might not be in the best neighborhood but also isn’t in the ghetto either.

 

[Baron Winnebago]

Meh

Same

 

[HuskerDocCo]

Meh

fvck that place thanks gbr! Love my Husker football

 

[jaihawk]

Anyone else notice that millennial homeowners have ridiculous standards when it comes to buying houses? I know multiple childless couples in their late 20s that are trying to buy a house and they refuse to look at any house that isn’t 3+ bedrooms, fully updated and west of 144th St in Millard, Elkhorn, etc school districts. And then they bitch on Facebook about the housing market when the problem is with themselves. You’re still able to get a decent starter home for under $200k in Omaha that might not be in the best neighborhood but also isn’t in the ghetto either.

It just always amazed me. When we were doing the Parade of Homes about 4 years ago, looking at builders and lots for building our next home, my wife and I were constantly astonished at the number of young 20 something couples that were going through $400k+ houses looking to buy. The finance guy in me was thinking that there was no way that they had savings, they had no equity in a previous home, and so now they're looking at stepping into a $2.5k+/month mortgage payment? No thank you...

 

[Daddy]

Anyone else notice that millennial homeowners have ridiculous standards when it comes to buying houses? I know multiple childless couples in their late 20s that are trying to buy a house and they refuse to look at any house that isn’t 3+ bedrooms, fully updated and west of 144th St in Millard, Elkhorn, etc school districts. And then they bitch on Facebook about the housing market when the problem is with themselves. You’re still able to get a decent starter home for under $200k in Omaha that might not be in the best neighborhood but also isn’t in the ghetto either.

Basically, rich West O kids grew up and now want to be rich West O adults.

 

[Chi7397]

Have you guys actually looked at what a sub $200K house in Omaha means lately? It’s a pretty big difference from what it meant 2-3 years ago.

 

[Snockered69]

Have you guys actually looked at what a sub $200K house in Omaha means lately? It’s a pretty big difference from what it meant 2-3 years ago.

Have a friend who bought his house for 160k 4 years ago. His neighbors house is the exact same house and the neighbor put the house on the market last week for 200k. The neighbor had over 15 showings and 8 offers in a day, settled on the offer for 285k that night.

 

[BIG TONE SOPRANO]

Rates just jumped to 5.875% for the 30 year today with good credit. Enjoy

 

[BluesBucksNHuskers]

Couldn’t you just build for 600-700k and get what you want?

Ohhh probably, but then I know I’m building a 300k house on a 100k lot but prices as a 450k house on a 150k lot. I think I’ve settled on just bitching about my current house and then scrolling through Zillow and bitching about prices for 10 years until my kid moves out and I can move further than a 20 mile radius away from Waverly