Fall Real Estate Trends

and what they mean for you

Like many businesses that rely on face-to-face interactions, the Lincoln real estate market was hit hard this spring and summer as Covid-19 took hold in the U.S. While restrictions have made it difficult for prospective buyers to see homes in person, many buyers are still showing interest. Here’s what these trends mean for you as we look forward to the fall and winter.

What current market trends mean for sellers:

Despite the many challenges brought on by the pandemic, now is a great time to sell your home. Historically low interest rates are pushing more prospective buyers into the market, while inventory remains low. In fact, the number of homes for sale in Lincoln has decreased by about 20% compared to last year. This makes for a competitive market as prices continue to slowly rise and homes sell fast.

For sellers, these conditions could be quite profitable, but it’s also crucial to price your home right — something a real estate agent can help you with. You’ll also want to put in the work to make your home stand out from similar ones in the area. Bump up your curb appeal by trimming hedges, planting flowers or adding some fresh paint to your front door.

What current market trends mean for buyers:

Interest rates are historically low, hovering around 3.5%, compared to 6% in 2008. This is great news for buyers but could mean a lot more competition than in the past. You may need to be prepared to offer more than the asking price to compete with other buyers.

The good news is with some preparation and a little bit of patience, you can find the right home for you and lock in a mortgage that has you paying less interest over time. Start by researching different neighborhoods and comparing lenders before going to look at listings so you have an understanding of the home’s value and your financial standing.

This year has brought many challenges to the real estate market and the overall economy. But despite all this, the Lincoln real estate market has remained steady, making now a great time to buy or sell a home.

Sources:
klkntv.com/decline-in-new-listings-makes-for-a-competitive-lincoln-area-housing-market/
journalstar.com/business/local/lincoln-real-estate-market-adjusts-to-new-normal-of-covid-19/article_15725ca4-b025-55b2-b518-4494ab1d007e.html

Fall Family Fun — Ways to Enjoy the Season While Social Distancing

Fall traditions will look a little different this year as we continue to adjust to a different way of life with Covid-19. But with a little extra planning, this year’s season can still be just as memorable and meaningful. Here are five ways to enjoy fall family fun near Lincoln while still reducing your risk of Covid-19 and protecting the community.

Take a nature walk

Health experts agree that when it comes to possibly contracting Covid-19, spending time outdoors is safer than staying inside. Take advantage of the beautiful fall scenery in Nebraska and get your family outside. Grab a jacket and go for a hike at Wilderness Park or round up the kids for a nature scavenger hunt. See who can gather the most pinecones or find the reddest leaf. You can even bring some of your finds home to use as fresh fall decor.

Pick apples

Apple picking is another great outdoor fall activity, and local orchards are taking precautions to keep people safe. Check out Martin’s Hillside Orchard located in Ceresco and make sure to bring your mask for adults and children five years and older. Take your apples home and bake a fresh apple pie or cut them into pieces to dip in caramel.

Have an outdoor pumpkin carving contest

If you have older kids, this can be a fun way to encourage their creativity. Let them carve their own pumpkins (with some assistance if necessary!) and decide which one is the spookiest or funniest. You can even include your neighbors in the contest. Take turns viewing the pumpkins on each porch and ranking them in different categories.

Go for a drive to look at leaves

Nebraska is beautiful in the fall and what better way to take in the fall foliage than a scenic drive? The Lincoln Highway Scenic and the Historic Byway offer incredible views of fall trees, and with 400 miles stretching across the state, you could make your drive as long or as short as you’d like. Another option is Heritage Highway or Highway 136 — one of the most popular scenic routes in Nebraska, beginning in Edison and ending in Brownville. For peak fall foliage viewing, plan your drive for late October or early November.

Leave treats on neighbors’ doorsteps

Trick-or-treating won’t be the same this year, but you can still take part in a version of this beloved holiday tradition by leaving treats on your neighbors’ porches. Bake a batch of pumpkin muffins and distribute them or encourage your kids to leave candy at your neighbors’ doors instead of the other way around. If everyone participates, you’ll have treats on your doorstep too!

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_Reliance Setup Office


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© 2021 Woods Bros Realty, a Berkshire Hathaway Affiliate. Equal Housing Opportunity.