Thursday, January 5, 2012

Wednesday, December 14, 2011

FLL Lego Robotics Lincoln Regional 2011

This past weekend I had the pleasure of attending the First Lego League (FLL) Lincoln Regional Tournament that was held in Lincoln, Nebraska at the UNL East Campus. In this tournament there were several teams all competing for the chance to make it to the State Tournament.

So what is Lego Robotics? That's a great question! I don't claim to be an expert by any means but here is a quick rundown.

Teams of Middle School kids have to build a Lego robot and program it to complete certain tasks in a certain amount of time. And each year teams have a different overall theme for their project and tasks that need to be completed. (i.e. this year's theme was food safety). This is a very simplistic overview of the league and what the kids need to do for their project because there is so much more involved.

Regardless, the event was a lot of fun to attend and the kids looked to be learning how to work together as a team and more importantly, they were most definitely having a great time doing it!

Check out the video below.

Jason Korn
The Korn Team
RE/MAX Real Estate Concepts
Lincoln, Nebraska

Monday, December 12, 2011

Lincoln, Nebraska Real Estate Market Snapshot (12/12/11)

As of today the Lincoln, Nebraska real estate market currently has 1,272 residential homes listed for sale (in our MLS). In the past 6 months there have been 1,557 residential homes which have sold in Lincoln. 

So what does that mean?

1. We are at an inventory low. As is typical during the holidays. So right now if you list your home, you are seeing far less competition.

2. With only 1,272 homes for sale and an avg of 260 homes selling per month over the last 6 months, we are looking at under a 5 month supply of homes on the market. I can tell you from experience that many listing consultations I have gone on that number has been 6-8 months supply of homes. 
In other words, the Lincoln, Nebraska real estate market is doing quite well. There are many other communities around the nation that wish they could say the same thing!

Jason Korn
The Korn Team
RE/MAX Real Estate Concepts

Friday, December 9, 2011

I'm Back!

Well if you have been coming to this blog in recent months and have been disappointed about the lack of updates, I want to apologize. I tried another blog site but, it is clear to me that in terms of SEO, nothing can beat blogspot. So I am back. Please continue to check back here for fresh content on all things real estate and all things Lincoln, Nebraska whether it be homes for sale or just things to do around the city.

Glad to be back!

Monday, August 8, 2011

How Will The S&P Downgrade Affect Mortgage Rates?

By now I am sure you've heard about he recent credit rating downgrade of the U.S. Government by S&P. The question for us in the real estate industries is, as well as those who are planning to purchase a home, is how will that affect mortgage rates?

While it is unclear exactly how this will affect mortgage interest rates in the near future, it is widely believed, and rightfully so, by many experts that rates will rise. Many experts do not expect an immediate raise in rates due to the poor economy. Many do believe however, that over the next 3-5 years as the economy improves, the mortgage rates will likely raise significantly. With the downgrade in credit rating the government's rates on borrowing are rising, which will cause the consumer's rates to rise.

Here in Lincoln, Nebraska the home prices continue to stay flat and interest rates dipped as low as 3.65%, still making this a great time to buy a home.

Lincoln, Nebraska Real Estate Market WEEK IN REVIEW

WEEK IN REVIEW July 31-Aug 6:

For this past Lincoln saw:

100 New listings hit the market
53 homes received & accepted an offer
46 homes went to the closing table & officially SOLD.
40 homes had their listing agreement expire & did not sell.

Home loan rates dropped to around the 4% range at the beginning of the week & stayed pretty steady throughout the week.