Our broker recently sent out a letter that spoke about the current conditions in the Omaha real estate market. It's our belief that our customers should be well-informed when they're in the market to buy or sell, so I'd like to tell you a little about what we're seeing right now.
In the first half of the year, all price points below $300K saw tremendous amounts of activity. The inventory was far too low, so we saw lots of multiple offer situations. This drove prices up, and we did see a lot of homes that did not appraise.