Omaha: The "Best Value City" in the U.S.
While the U.S. national news is filled with stories of boom and bust real estate, markets taken over by foreclosures, skyrocketing unemployment, and other gloom and doom, Omaha has been quietly chugging along, doing just fine.
Yes, we do have some foreclosures and short sales. But a check on Trulia for November 2 statistics shows that foreclosures make up just 15% of our homes for sale and sold, while the percentage in San Diego is at 27%, and in Las Vegas 46%.
Home prices are slightly down, but since we didn't experience the dramatic increases that hit the coastal and "sun belt" cities, we haven't experienced the dramatic decline. Trulia reported the median home sales price in Omaha for the months of August,…