Metro housing prices jump

OMAHA, Neb. -- Despite the pandemic, housing prices in Omaha have jumped significantly in the past year.

According to a University of Nebraska, Omaha study the price of a single-family home in the Metro rose by 10 percent, far more than usual.

Over the past 20 years on average home prices have jumped 3 per cent a year, but more than tripled that in the last 12 months.

Researchers say the unusual jump is due to low interest rates and a 34 per cent reduction in the number of homes up for sale.