Omaha Real Estate Market

Omaha Real Estate Contributed byDavid Matney with Alliance Real Estate

Many times I hear clients voice concerns over rising interest rates. Interest rates have been at historically low levels for several years. Every market is different and in the Omaha real estate market we are very fortunate to have a very stable and diverse job market. We are also very fortunate in that we do not have the wild swings in the marketplace. Unfortunately, we are still subject to the national media. They are in business to sell news and good news does not sell.

Jobs are by far more important. If a job is lost it completely removes someone from the market. A change in interest rates will determine what someone can afford, lose a job and now they are no longer even in the market. The Omaha area has seen in influx of jobs in the aerospace industry, insurance and more recently Google has announced a major move into the area. This is FANTASTIC for our market!

There is some issues with owners having adjustable rate mortgages that are set to adjust and in increase in inventory above typical levels in our market. However, in are very fortunate to have a stable job base and low unemployment. Every market is different across the United States. There is no national weather forecast for the entire United States nor is there an one overall real estate market. If you are sitting on the sidelines do not let the opportunity pass you by.

Thanks,

David Matney, CRS,GRI

Alliance Real Estate