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The Louisville Real Estate Blog

Louisville Kentucky Real Estate Blog

Thinking of Making an Offer? 4 Tips for Success

Thinking of Making an Offer? 4 Tips for Success | Simplifying The Market

Thinking of Making an Offer? 4 Tips for Success

So you’ve been searching for that perfect...

2 Myths that may be holding back buyers

2 Myths That May Be Holding Back Buyers | Simplifying The Market

2 Myths That May Be Holding Back Buyers

Buyer Traffic per State January 2017

buyer traffic per state jan 2017

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Thinking of Selling? Why Now is the Time


Thinking of Selling? Why Now is the Time

Thinking of Selling? Why Now is the Time | MyKCM

It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.

The other listings that do come out in the spring will represent increased competition to any seller. Do a greater number of homes actually come to the market in the spring, as compared to the rest of the year? The National Association of Realtors (NAR) recently revealed the months in which most people listed their homes for sale in 2016. Here is a graphic showing the results:

Thinking of Selling? Why Now is the Time | MyKCM

The three months in the second quarter of the year (represented in red) are consistently the most popular months for sellers to list their homes...

Sales at Highest Pace in 10 Years!


Sales at Highest Pace in 10 Years! [INFOGRAPHIC]

Sales at Highest Pace in 10 Years! [INFOGRAPHIC] | MyKCM

Highlights:

  • 45 million existing homes were sold in 2016! This is the highest mark set since 2006.
  • Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.
  • The median price of homes sold in December was $232,200. This is the 58th consecutive month of year-over-year price gains.
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How Low Interest Rates Increase Your Purchasing Power

How Low Interest Rates Increase Your Purchasing Power | Simplifying The Market

How Low Interest Rates Increase Your Purchasing Power

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

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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 market may be...

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

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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:

“It’s...

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 contribute, including a...