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Nebraska In The Mortgage Industry



Nebraska’s Industry Moving Heads

A plethora of statistics and recent reports breaking regarding Nebraska.

Nebraska’s mortgage industry is still recovering from the burst of activity in the end of 2012. Nebraska’s economy continues to improve and do remarkably well, and real estate has a huge factor in that. Nebraska currently has an unemployment rate of only 3.6%, making it the second in the country (right behind North Dakota). In fact, Forbes magazinenebraska mortgage lists Omaha Nebraska as one of the best places in the country to raise a family. Factors that went into this list included: cost of living, unemployment rates, public school ranks, home ownership, crimes per capita, etc. In fact, according to the government data on the latest census, Nebraska beats the national average on homeownership rate at a whopping 67.6%. In fact, in fiscal year 2014, 79 approved lenders participated in the GRH (Guaranteed Rural Housing – a loan program by USDA Rural Development), assisting over 1,000 Nebraska households in achieving homeownership.

Relocation to Nebraska is on the rise, as companies (both nationally and internationally) are considering moves┬áto Nebraska. As a national appraisal management company, AppraisalPro is looking forward its continuous market watch – and is looking forward to watching Nebraska. With relocation rates rising, and new data coming out in support of living in Nebraska – the real estate industry is certain to continue to improve.