Realtors Invest in Nebraska
Nebraska weathered the storm of the housing crash and it's housing market has remained steady. The state draws in out–of –town investors who say Nebraska is a great place for real estate.
One company investing in Nebraska's towns is Dana Point Development. They've been involved in the development of more than 350 multi-family units and more than 60 market rate housing units within Nebraska, and more than 40 of their projects are in the small town of Aurora.
Matt Thomas, President of Dana Point Development Corporation, said "I've definitely seen a dip in other areas but not really in Aurora."
The California based realtor has several projects pending for 2013. Thomas has spent most of his real estate career developing projects in Nebraska. "Aurora has got a lot of people that care about this community and make it work and make it really special," Thomas said.
Although the town hasn't seen a major spike in the market, members of the Aurora Chamber said their building projects haven't stopped.
The executive director of the Aurora Chamber, Christian Evans, said "We never really saw a dip, we didn't even see a bubble- which a testament to the vision this community has. When the housing market really dipped of we didn't see that and our evaluations really stayed level."
Since the 2010 census Aurora has also seen a growth in its population by around 200 residents.