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The Louisville Real Estate Blog

Louisville Kentucky Real Estate Blog

Buying a home is more affordable than renting in 66% of US Counties

Buying a Home is More Affordable Than Renting in 66% of US Counties | Simplifying The Market

Buying a Home is More Affordable Than Renting in 66% of US Counties

Will Housing Affordability be a Challenge in 2017?

Will Housing Affordability Be a Challenge in 2017? | Simplifying The Market

Will Housing Affordability Be a Challenge in 2017?

Some industry experts are saying that the housing...

Is this the year to move up to your dream home? If so, do it early!

Is This the Year to Move Up to Your Dream Home? If So, Do it Early | Simplifying The Market

Is This the Year to Move Up to Your Dream Home? If So, Do it Early

...

You need a professional on your team when buying a home

You Need a Professional on Your Team When Buying a Home | Simplifying The Market

You Need a Professional on Your Team When Buying a Home

Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to do it on their own. In today’s market: you need an experienced professional!

You Need an Expert Guide if You Are Traveling a Dangerous Path

The field of real estate is loaded with land mines; you need a true expert to guide you through the dangerous pitfalls that currently exist. Finding a home that is priced appropriately and is ready for you to move into can be tricky. An agent listens to your wants and needs, and can sift through the homes that do not fit within the parameters of your “dream home.”

A great agent will also have relationships with mortgage professionals and other experts that you will need in securing your dream home. 

You Need a Skilled Negotiator

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Why Pre-Approval should be your first step

Why Pre-Approval Should Be Your First Step | Simplifying The Market

Why Pre-Approval Should Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.

Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach. 

Freddie Mac lays out the advantages of pre-approval in the My Home section of their website:

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What Would a Millennial Baby Boom Mean for Housing?

What Would a Millennial Baby Boom Mean for Housing? | Simplifying The Market

What Would a Millennial Baby Boom Mean for Housing?

Recently released data from the National Center for Health Statisticsrevealed that 1.3 million Millennial women gave birth for the first time in 2015. There are now over 16 million women in this generation who have become mothers.

“All told, Millennial women (those born between 1981 to 1997) accounted for about eight in ten (82%) of U.S. births in 2015.”

The data also shows that this generation has waited until later in life to become parents as only 42% of Millennial women were moms in 2014, compared to 49% of Generation X at the same age. A Pew Research Centerarticle discussing the data, points to social influences that may have contributed to the delay:

“The rising age at first birth is hardly limited to the Millennial generation. It has been a trend since at least 1970. Many factors may...

Hurry Up and List your house TODAY

Hurry Up and List your House TODAY!! | Simplifying The Market

http://goo.gl/xvWPko

Hurry Up and List Your House TODAY!!

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The Top Reasons Why Americans Buy Homes

The Top Reasons Why Americans Buy Homes| Keeping Current Matters

Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership.

Consumer Lending Executive, D. Steve Boland, explained:

“Homebuyers today are motivated by both emotional and practical reasons. Nearly all want more space, but a majority of homebuyers, especially those purchasing their first home, are also looking for a place to call their own, put down roots and make memories. They value the emotional benefits of owning a home as much as the financial ones.”

Boland went on to say:

“The path to homeownership is a journey and can be as overwhelming as it is exciting. For many people, this is the single most significant financial transaction they will ever make.”

This was evidenced in the report when they asked today’s homebuyers to define homeownership. Their answers tell the whole story.

Bottom Line

Homeownership has always been a part of the American Dream and survey after survey confirms this will always be the case.

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2016 Will be the best year in a Decade

Real Estate: 2016 Will Be the Best Year in a Decade

Now, Freddie Mac has doubled down on that claim and is saying that 2016 will be the...

Home Ownership is a Great Investment!

Don't Be Fooled... Homeownership Is A Great Investment! [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Harvard University's Joint Center of Housing Studies recently released the top financial & emotional reasons to own a home.
  • Owning is a good way to build up wealth that can be passed along to your family as it is usually a form of "forced savings."
  • Whether you rent or own, you are paying a mortgage. Yours when you own, your landlord's when you rent.
...

Past, Present and Future Home Values

Past, Present & Future Home Values | Simplifying The Market

Past, Present & Future Home Values

In CoreLogic’s latest Home Price Index, they revealed home appreciation in three categories: percentage appreciation over the last year,...

Sales Contracts Hit Highest Level in Months

Sales Contracts Hit Highest Level in Months | Simplifying The Market

Sales Contracts Hit Highest Level in Months

The Top 5 Reasons You Should Not For Sale By Owner

The Top 5 Reasons You Should Not For Sale By Owner | Simplifying The Market

The Top 5 Reasons You Should Not For Sale By Owner

In today's market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be a good idea for the vast majority of sellers.

Here are five of those reasons:

1. There Are Too Many People to Negotiate With

Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:

  • The buyer who wants the best deal possible
  • The buyer’s agent who solely represents...

Home Sales Up Year-Over-Year

Home Sales Up Year-Over-Year

Home Sales Up Year-Over-Year | Simplifying The Market

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Further Proof This Isn’t a Housing Bubble

Further Proof This Isn’t a Housing Bubble | Simplifying The Market

Further Proof This Isn’t a Housing Bubble

Two weeks ago, we posted a blog which explained that current increases in home prices were the result...

91.5% of Homes in the US have Positive Equity

91.5% of Homes in the US have Positive Equity | Simplifying The Market

91.5% of Homes in the US have Positive Equity

CoreLogic’s latest Equity Report revealed that one million borrowers regained equity in their homes in 2015....

3 Charts That Scream ‘List Your Home Today’

3 Charts That Scream ‘List Your Home Today’ | Simplifying The Market

3 Charts That Scream ‘List Your Home Today’

In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

SUPPLY

The National Association of Realtors (NAR) recently ...

The Importance of Using an Agent To Sell Your House

The Importance of Using an Agent To Sell Your House | Simplifying The Market

The Importance of Using an Agent To Sell Your House

When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold.

In order to accomplish...

The Mortgage Process: What You Need To Know [INFOGRAPHIC]


The Mortgage Process: What You Need To Know [INFOGRAPHIC]

The Mortgage Process: What You Need To Know [INFOGRAPHIC] | Simplifying The Market...

Gap Between Homeowner’s & Appraiser’s Opinions Widen

Gap Between Homeowner’s & Appraiser’s Opinions Widen | Simplifying The Market

Gap Between Homeowner’s & Appraiser’s Opinions Widen

In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. One major challenge in such a market is the bank appraisal.

If prices...