Omaha
Buyer's Broker
Changing the Way Omaha Buys a Home™
Be Thankful that Omaha Houses Don’t Appreciate TOO Quickly!
My daughter and her husband recently took their home in Maryland off the market - after two years of being unable to sell it! They purchased some acreage a couple of years ago, and have been looking forward to building a new home on that property - but that was before the bottom fell out of the real estate market!
My daughter tells us that their home has lost approximately $200,000 in value in the last two years - and they just can't get enough for it to make it worth selling! They've decided to just sit it out for awhile and wait for the market to normalize. And in the mean time, they have 10 nice acres with apple trees and a stream for camping!
My daughter and son-in-law's dilemma has reminded me of how good we have it here in Omaha. Our real estate is pretty reasonably priced compared to many places in the United States. (The same cannot be said about our real estate taxes, of course.) And in the past, some Omaha residents have looked with envy on places like Florida, California, or Las Vegas with their fast-appreciating property prices. Wouldn't we all love to have our house double in value in 5 years?
Well, there are a whole lot of people now that envy Omaha with our slow appreciation in real estate prices, slow depreciation, and moderate plateaus. Yes, we've been hurt by the down real estate market too - but not nearly as much as our friends and family in the Coastal states! Something to be thankful for in spite of the market.
Tags for this Entry
omaha housing
