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The Louisville Real Estate Blog

Buying a Home

The Difference Between A Home’s Cost vs. Price

The Difference Between A Home’s Cost vs. Price

The Difference Between A Home’s Cost vs. Price | Keeping Current Matters

As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As either a first time or repeat buyer, you must not be concerned only about price but also about the ‘long term cost’ of the home.

Let us explain.

There are many factors that influence the ‘cost’ of a home. Two of the major ones are the home’s appreciation over time, and the interest rate at which a buyer can borrow the funds necessary to purchase their home. The rate at which these two factors can change is often referred to as “The Cost of Waiting”.

What will happen in 2015?

A ...

Existing Home Sales & Prices [INFOGRAPHIC]

Existing Home Sales & Prices [INFOGRAPHIC]

Existing Home Sales & Prices [INFOGRAPHIC] | Keeping Current Matters

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Why Have Interest Rates Dropped?

Why Have Interest Rates Dropped?

Why Have Interest Rates Dropped? | Keeping Current Matters

The headlines agree mortgage interest rates have dropped substantially below initial projections. Many who are considering purchasing a home, or moving up to their dream home, might think that they should wait to buy, because rates may continue to fall.

A recent article on the Economists’ Outlook blog by the National Association of REALTORS® (NAR) provides insight into one major factor in the decline in interest rates, the crude oil price.

“As of January 5, 2015, the U.S. Energy Information Administration (EIA) reported that the price of regular gasoline was $2.20/gallon, the lowest since gas prices peaked...

Five Reasons to Hire a Real Estate Professional

5 Reasons to Hire a Real Estate Professional

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Attaining the American Dream: 5 Financial Reasons to Buy

Attaining the American Dream: 5 Financial Reasons to Buy

Attaining The American Dream: 5 Financial Reasons To Buy | Keeping Current Matters

Heading into 2015 many people have their sights set on buying a home. The personal reasons differ for each buyer, with many basic similarities. Eric Belsky, the Managing...

Three Questions to Ask Before Buying a Home

3 Questions to Ask Before Buying a Home

3 Questions to Ask Before Buying a Home | Keeping Current Matters

If you are thinking about purchasing a home right now, you are surely getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually a good time for you to buy a home.

There are three questions you should ask before purchasing in today’s market:

1. Why am I buying a home in the first place?

This truly is the most important question to answer. Forget the finances for a minute. Why did you even begin to consider purchasing a home? For most, the reason has nothing to do with finances. A study...

Talking Real Estate

Talking Real Estate [INFOGRAPHIC]

Talking Real Estate [INFOGRAPHIC] | Keeping Current Matters

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Buying A House? Everyone Seems To Think This Is The Time

Buying A House? Everyone Seems To Think This Is The Time

Buying A House? Everyone Seems To Think This Is The Time | Keeping Current Matters

There are many people deciding on whether to sign a new lease on a rental property or take the dive into homeownership. Every situation is different. However, with rents, home values and mortgage interest rates projected to rise, buying now might make a lot more sense than waiting until next year.

Here are others who seem to agree:

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Did It Make Sense to Wait?

Did It Make Sense to Wait?

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A Stunning $441 Billion Paid in Rent

A Stunning $441 Billion Paid in Rent

A Stunning $441 Billion Paid in Rent | Keeping Current Matters

A recently released study revealed that a whopping $441 Billion was spent on rents in...

4 Reasons to Buy Before Spring!

4 Reasons to Buy Before Spring!

Where will Mortgage Rates be Headed in 2015?

Where will Mortgage Rates be Headed in 2015?

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The REAL Reasons Americans Buy a Home

The REAL Reasons Americans Buy a Home

Millennial Buyers & Their Preferences

Millennial Buyers & Their Preferences [INFOGRAPHIC]

Millennial Homebuyers & Their Preferences [INFOGRAPHIC]

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Do You Fit the Description of the Typical First Time Homebuyer?

Do You Fit the Description of the Typical First Time Homebuyer?

Two Great Reasons to Buy not Rent

Two Great Reasons to Buy not Rent

 

New York Times: Homeownership is Best Way To Build Wealth

New York Times: Homeownership is Best Way To Build Wealth

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Breaking News: Fannie and Freddie formally announce 3% Down Programs

Breaking News: Fannie and Freddie formally announce 3% Down Programs

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Rent Increases Expected to Continue through 2015

Rent Increases Expected to Continue through 2015

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Will An Increase In Interest Rates Crush Home Prices?

Will an Increase in Interest Rates Crush Home Prices?



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