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NP Dodge Nebraska

Real Estate Market insight from the NP Dodge Research and Statistics Division

All,

I have the privilege of heading a ‘crack' division of the NP Dodge Company called the, 'NP Dodge Research and Statistics Division' which takes on any number of projects to help with making educated decisions and forecasting. One tool that we use is open to the public on our website and is laid out below. It allows our site users to drill down into the county that they are interested in to find out useful information about the market trends.

These dedicated individuals of this ‘crack' division have pledged to study the real estate market trends here locally and will continue to provide in real time the information that it takes to make a wise decision as it pertains to real estate.

We welcome any and all special requests...

Check us out at http://www.npdodge.com/freemarketreports.cfm or email us at rwiebusch@npdodge.com

Free Real Estate Market Reports

NP Dodge now has available Real Estate Market Trend Reports containing data compiled from the MLSs located in Omaha and Council Bluffs. These reports will give you an opportunity to view trends in the market over the past 15 months. They are specific to active, pending and sold properties in Omaha, Council Bluffs and the surrounding areas. The reports are updated monthly with more in-depth reports being available from one of our real estate professionals.

For your convenience, we have customized the following individual reports for the Omaha MLS and CB MLS. These reports pertain only to single family, detached, residential properties for both existing and new construction. You need only to click on the particular name below to view and print either or both of them. If you a looking to buy a home or sell a home, this is just one of the many indicators to help you with the process.

Omaha Residential Report

Council Bluffs Residential Report

To begin your own custom report, select the MLS area and then select either the Total MLS or a specific county of interest. You will then be given a list of specific reports depending on the data you wish to view. You may also obtain more detailed reports, by clicking SPECIAL REQUEST and filling in the required information. A real estate professional will respond back to by the end of the following business day with your requested information.

MLSAreaReport Type
Omaha
Council Bluffs

Omaha Commercial Real Estate Hall of Fame to Induct Sandy Dodge


Sandy Dodge, President and Chairman of the Board for NP Dodge Company, will be inducted into the Commercial Real Estate Hall of Fame on Friday, April 17th. He joins five other inductees at this year's event.

Dodge is the fourth generation to serve as president of the real estate firm founded by his great-grandfather in 1855. He joined the family firm in 1962 and established the apartment development and management business. He became president in 1978 and has played an active role in the establishment and growth of the corporate relocation, property management and commercial sales divisions. During his tenure as president, the residential sales division has grown to include 500 agents with more than $950 million in sales.

Bank Owned Homes Section on www.npdodge.com

NP Dodge is pleased to announce a new feature to our website: www.npdodge.com/bankownedhomes

This section of our website is dedicated to NP Dodge listings that are owned by a financial institution. This section was put in place just a few days ago due to the high volume of calls and inquiries we get from the public asking for a dedicated spot online that a consumer can find the ‘Bank Owned Homes' that are on the market. We are in the process of uploading these particular listings to the site so check back often to see the listings in this exclusive list.

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Blog Author ~ Robert Wiebusch

Nebraska Housing Predictions from Housing Predictor

Below is some great information about the Nebraska Real Estate Market from an independent real estate market forecasting firm. This source is just another voice letting us know that the state of Nebraska is economically strong and our cities really are a great place to live and enjoy life!

NP Dodge Real Estate

Nebraska Housing Predictor Site

Omaha Night Skyline

Midwest Nebraska

Chimeny Rock near Scottsbluff

Nebraska - Soybean Field

Nebraska

Some think the elusive bottom of the housing market could be fairly near in Nebraska, despite the recessionary economy and lack of consumer confidence. Nebraska ranks near the bottom of states in foreclosures, and few mortgages are subprime or Alt A loans, which have triggered the avalanche of foreclosures.

Nebraska is a key agricultural producing state, and farmers are concerned about the state of the economy. Farm income is still running at about the same as last year, but drops in the prices of commodities could have a major impact on farmers. Plummeting prices for corn and soybeans could have devastating consequences on Nebraska's economy. In fact, more of an impact on the state than real estate in the conservative mid-west.

Conservative financing may provide the saving grace for Nebraska's economy. Although home sales and auto sales are down, they aren't nearly down as much as the majority of markets throughout the country impacted by the credit crisis. And lenders are still willing to make mortgages in Nebraska unlike bankers in many other parts of the country.

Nebraska still has fairly strong employment hovering around 4%, but it is feeling the effects of the recession. In Omaha the unemployment rate is edging up as more people apply for unemployment benefits. Home sales are also down by nearly half from year ago levels as the fall out of the credit crunch slows the economy.

Local Nebraska Housing Markets at a Glance
City Forecast
Omaha - 4.1%
Lincoln - 3.0%
Bellevue - 3.9%

Sales are projected to remain sluggish, but moving in 2009 in Omaha on forecast average housing deflation of just 4.1%.

Outside of the state's largest urban center, in Bellevue the market is feeling little impact from the credit crisis, mainly because a military base gives home sales regular movement as military personnel get reassigned. Home sales have slowed but only at single digit levels. Home values are projected to deflate 3.9% in 2009 in Bellevue.

Nebraska experienced job growth at a modest 1% in 2008, while most other areas of the country were contracting, but expected job cuts with the recessionary economy could turn that around in 2009.

In Lincoln that could make it tough on many homeowners, who are concerned about the nation's recession. Home sales have already tightened and further slowing could cause more foreclosures in the marketplace, which has one of the lowest foreclosure rates in the country.

Uneasiness over the national economy has transformed Lincoln's housing market into a buyers market, which is forecast to see average home values deflate 3.0% in 2009. It could be an especially tough year for Lincoln with slower home sales. The elusive bottom of the market isn't even close in Lincoln or any where else for that matter in Nebraska.

First time buyers are helping to boost the market as home prices decline and foreclosures gradually increase in Lincoln.

Nebraska Realtor® Nominated for 30 Under 30 - Realtor® Magazine

Each June, REALTOR® Magazine features 30 rising young stars in the real estate industry. Now's your chance to be considered for the 2009 class of "30 Under 30."

Your Vote Counts! Pick Your Top '30 Under 30' Finalist
Browse the 50 finalists for this year's '30 Under 30' feature at REALTOR® magazine, then vote for your top pick.

This year we have an outstanding bunch of young, successful real estate practitioners who are vying for a spot in REALTOR® magazine's annual "30 Under 30" feature. The cover feature, which runs in June, highlights up-and-coming real estate professionals who are already making their mark with smart business practices, community leadership, and industry innovation. 

Browse the finalists' brief profiles shown below and then vote for your favorite. The candidate with the most votes will earn the "Web Choice Award," and will be honored at the Young Professionals Network event during the 2009 REALTORS® Conference & Expo in San Diego this November. 

 We here at NP Dodge are partial to our very own Robert Wiebusch

This is the first time a Realtor from Nebraska has been nominated...A vote for Robert Wiebusch will no doubt feel great! Give it a try and let us know how it feels. :)

Click here to vote!