OMAHA, Neb. (AP) _ The Federal Reserve Bank says Nebraska’s real estate market is heating up and home prices are continuing to rise.
The Federal Reserve Bank of Kansas City issued a recent report on the strength of Nebraska’s housing market.
Over the past decade, Nebraska home prices grew 26 percent. That was the sixth-highest rate among all states.
Nebraska home prices remained relatively stable during the 2008 recession. Prices remained flat for several years before starting to climb in 2013.
Over the past five years, median home prices for Nebraska homes have increased more than 30 percent for homes at all price points.