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Are rents going down?

As it turns out, at this moment, here in Omaha rents seem to be stable…which actually normally implies that the market is strong…strong as in rent forces may be pushing rents up. However, according to national averages that may not hold. For years everyone was wondering why Millennials weren’t buying homes. Well, now it’s known. In 2016 that generation started buying homes again, but why? Well interestingly, according to this article, and others it’s because living in rentals was getting expensive. Especially in the newly reconstructed/refurbished mid/downtown buildings being brought back online. The cost of construction really did skyrocket to … More