The home price indices have risen to almost double over the period 2003-2005. However, it may be noted that the increase in home prices was moderate in the state in comparison to other parts of the U.S. The divergence between home prices and per capita incomes was also smaller compared to national figures.

Homebuyers in Nebraska have been increasingly choosing adjustable-rate mortgages (ARMs) in 2003-2004. This is notwithsanding the currently prevailing all-time low mortgage rates on fixed rate mortgages and ARMs. In such a situation if rates of interest go up then some ARM holders may become vulnerable to high debt servicing requirements. However, most of Nebraska's insured institutions have not held many residential ARMs in their list of loans.