Omaha Real Estate

Want to Keep up with the Joneses? Now's the Time

Want to Keep up with the Joneses? Now's the Time

Want to Keep Up with the Joneses? Now’s the Time | MyKCM

Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream life?

Market conditions around the country have presented an opportunity like no other for those who are looking to make the jump to a premium or luxury home.

The National Association of Realtors reports that national inventory levels are now at a 4.3-month supply. A normal market, where prices appreciate with inflation, has 6-7-months inventory. The national market has echoed the conditions felt in the starter and trade-up markets as inventory has declined year-over-year for 25 consecutive months.

The chart below shows the relationship between the inventory of homes for sale and prices.

Want to Keep Up with the Joneses? Now’s the Time | MyKCM

According to Trulia’s latest Inventory Report, the inventory of homes for sale in the two lower priced markets has dropped by double digit percentages over the last 12 months (16% for starter and 13% for trade-up homes). While the inventory of homes in the premium home category has dropped by only 4%.

This has created a seller’s market in the lower-priced markets, as 54% of homes were on the market for less than a month in the last Realtors Confidence Index, and a buyer’s market in the luxury market, where homes were on the market for an average of 160 days according to the Institute for Luxury Home Marketing.

Bottom Line

If you are even thinking of listing your Omaha home and moving up to a luxury home, let’s get together to evaluate your ability to do so. Homeowners across the country are upgrading their homes, why can’t you? Your dream home is waiting!

Want to Keep up with the Joneses? Now's the Time
share
Want to Keep up with the Joneses? Now's the Time Does your current house fit your needs? Does it seem like everyone else is moving up and moving on to more luxurious surroundings? Are you wondering what it would take to start living your dream… more
Homes Are Selling Quickly Nationwide
share
Homes Are Selling Quickly Nationwide The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report which revealed that homes were on the market for an average of 28 days in June. This is a slight… more
NEW LISTING! Omaha Home for Sale in Lambert Place
share
BUY THIS HOME & HAVE NO PAYMENTS FOR UP TO 6 MONTHS, CALL 402-676-6700. This well-maintained ranch is great as a starter home or investment property. This ranch looks small but it offers a lot. The kitchen has a cut-out to the family room and… more
NEW LISTING! Omaha Home for Sale in Helwigs Acres
share
BUY THIS HOME & WE WILL BUY YOUR HOME, CALL 402-676-6700. A home fit for royalty built with attention to every detail. Be amazed with gorgeous Italian porcelain tile in entry way and a stunning T-staircase. Incredible woodwork and ceiling… more
Hey, Millennial Homeowners!! It May Be Time to Sell
share
Hey, Millennial Homeowners!! It May Be Time to Sell Contrary to what many believe, Millennials are not the ‘renter’ generation. Millennials purchased a larger percentage (34%) of homes in the U. S. than any other age group in 2017 and the most… more
NEW LISTING! Two Story Home for Sale at The Colonies
share
BUY THIS HOME & WE WILL BUY YOUR HOME, CALL 402-676-6700. Incredible two story located in the heart of The Colonies. Brand new carpet and interior paint. Beautiful kitchen with granite countertops and stainless steel appliances. The floor… more
93. 9% Of Homes in The US Have Positive Equity
share
93. 9% Of Homes in The US Have Positive Equity CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in Q1 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand… more
20 Tips for Preparing Your House for Sale [INFOGRAPHIC]
share
20 Tips for Preparing Your House for Sale [INFOGRAPHIC] Some Highlights: When listing your Omaha house for sale your top goal will be to get the home sold for the best price possible! There are many small projects that you can do to… more
Be Careful Not to Get Caught in The Rental Trap!
share
Be Careful Not to Get Caught in The Rental Trap! There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become… more
Americans Still Believe Real Estate is Best Long-Term Investment
share
Americans Still Believe Real Estate is Best Long-Term Investment According to Bankrate ’s latest Financial Security Index Poll Americans who have money to set aside for the next 10 years would rather invest in Omaha real estate than any other… more