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The Louisville Real Estate Blog

Louisville Kentucky Real Estate Blog

NAR’s Existing Home Sales Report [INFOGRAPHIC]

NAR’s Existing Home Sales Report [INFOGRAPHIC]

NAR's Existing Home Sales Report [INFOGRAPHIC] | Keeping Current Matters

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Where Are Mortgage Rates Headed?

Where Are Mortgage Rates Headed?

Where Are Mortgage Rates Headed? | Keeping Current Matters

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That...

Are House Prices Beginning to Accelerate Again?

Are House Prices Beginning to Accelerate Again?

Are House Prices Beginning to Accelerate Again? | Keeping Current Matters

In a recent post, we explained that the supply of homes for sale in December was at its lowest level in over a year. The ...

Home Sales are NOT Collapsing!

Home Sales are NOT Collapsing!

Home Sales Are NOT Collapsing! | Keeping Current Matters

The National Association of REALTORS (NAR) just released their Existing Home Sales report and some have taken the results and ran with headlines like:

“Existing...

Thinking of Buying? What are you waiting for?

Thinking of Buying? What are you waiting for?

Thinking of Buying? What are you waiting for? | Keeping Current Matters...

The Truth About US Homeownership Rates [INFOGRAPHIC]

The Truth About US Homeownership Rates [INFOGRAPHIC]

The Truth About US Homeownership Rates | Keeping Current Matters

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Two Graphs that Scream – List Your Home Today!

Two Graphs that Scream – List Your Home Today!

Two Graphs that Scream - List Your Home Today | Keeping Current Matters

We all learned in school that when selling anything, you will get the most money if the demand for that item is high and the inventory of that item is low. It is the well-known Theory of Supply & Demand.

If you are thinking of selling your home, here are two graphs that strongly suggest that the time is now. Here is why…

DEMAND

According to research at the National Association of Realtors (NAR), buyer activity last month (January) was three times greater than it was last January. Purchasers who are ready, willing and able to buy are in the market at great numbers.

Buyer Demand | Keeping Current Matters...

Homeownership Rates: Are they Crashing?

Homeownership Rates: Are they Crashing?

Homeownership Rates: Are They Crashing? | Keeping Current Matters

The Census recently released their 2014 Homeownership Statistics, and many began to worry that Americans have taken a step back from the notion of homeownership.

Easy… Chicken Little

The national homeownership rate peaked in 2004, representing a 69.2% of Americans who bought vs. rented their primary residence. Many have noticed a decline in rate since then and taken that as a bad sign.

However, if you look at the national rate over the last 30 years (1984-2014), you can see that the current homeownership rate has returned closer to the historic norm. 2014 ended the year with a rate of 64% just under the rate in 1985 and 1995.

Homeownership Rates Historically | Keeping Current Matters...

5 Reasons to Love Using a Real Estate Professional [INFOGRAPHIC]

5 Reasons to Love Using a Real Estate Professional [INFOGRAPHIC]

5 Reasons to Love Using a Real Estate Professional [INFOGRAPHIC] | Keeping Current Matters

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Either Way, You’re Paying a Mortgage

Either Way, You’re Paying a Mortgage

Either Way, You're Paying A Mortgage | Keeping Current Matters

There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s.

As a paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet...

Foreclosure Inventory Down 34.3% from Last Year

Foreclosure Inventory Down 34.3% from Last Year

Foreclosure Inventory Down 35.5% from Last Year | Keeping Current Matters

According to the latest CoreLogic National Foreclosure Report“approximately 552,000 homes in the US were in some state of foreclosure as of December 2014”. This figure is down 34.3% from the 840,000 homes in December of 2013. December marked the 38th consecutive month in which there were year-over-year declines.

Anand Nallathambl, the President and CEO of CoreLogic, is hopeful for the future, saying:

“At current foreclosure rates, we expect to see the foreclosure inventory in the U.S. drop below 500,000 homes sometime in the first quarter of 2015 which would be another milestone in the healing of the housing market.”

The map below shows the percentage of foreclosure inventory in...

Consumer Confidence at Highest Level in Over a Decade

Consumer Confidence at Highest Level in Over a Decade

Consumer Confidence at Highest Level in Over a Decade | Keeping Current Matters

Two recently released reports reveal that the American public is starting to feel much better about the U.S. economy. The University of Michigan’s Surveys of Consumers showed that:

“Consumer optimism reached the highest level in the past decade in the January 2015 survey…Consumers judged prospects for the national economy as the best in a decade, with half of all consumers expecting the economic expansion will continue for another five years. The anticipated strength in the overall economy has been accompanied by more favorable income and employment expectations.”

Here is a chart showing results over the last decade:

Consumer Optimism | Keeping Current Matters...

Net Worth: A Homeowner’s is 36x Greater Than A Renter!

Net Worth: A Homeowner’s is 36x Greater Than A Renter!

Net Worth: A Homeowner's is 36x Greater than a Renters! | Keeping Current Matters

Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth.

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups.

Some of the findings revealed in their report:...

Moving Across America [INFOGRAPHIC]

Moving Across America [INFOGRAPHIC]

Moving Across America [INFOGRAPHIC] | Keeping Current Matters


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Real Estate Heading in the “Right Direction”

Real Estate Heading in the “Right Direction”

Real Estate Heading in the “Right Direction” | Keeping Current Matters

The housing market has taken a great turn toward recovery over the last few years. The opinions of the American public toward real estate took longer to recover, until recently.

For the first time since 2006, Americans have an overall positive view of real estate, giving the industry a 12% positive ranking in a Gallup poll.

Americans were asked to rate 24 different business sectors and industries on a five-point scale ranging from "very positive" to "very negative." The poll was first conducted in 2001, and has been used as...

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 ...

5 Reasons You Shouldn’t For Sale By Owner

5 Reasons You Shouldn’t For Sale By Owner

5 Reasons You Shouldn't For Sale By Owner | Keeping Current Matters

Some homeowners 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 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 the best interest of the buyer
  • The buyer’s attorney (in some parts of the country)
  • The home inspection companies which work for the buyer and will almost always find some problems with the house.
  • The appraiser if there is a question of value

2. Exposure to Prospective Purchasers...

No Matter What the Groundhog Says… You Should Sell Before Spring!

No Matter What the Groundhog Says… You Should Sell Before Spring!

No Matter What The Groundhog Says... You Should Sell Before Spring! | Keeping Current Matters

Is spring closer than we think? Depending on which Groundhog you witnessed today, you may have less time than you think to get your home on the market before the busy spring season.

Many sellers feel that the spring is the best time to place their home on the market as buyer demand traditionally increases at that time of year. However, the next six weeks before spring hits also have their own advantages.

Here are five reasons to sell now.

1. Demand is Strong

Foot traffic refers to the number of people out actually physically looking at homes right now. The latest foot traffic numbers show that there are currently more prospective purchasers looking at homes than at any other time in the last 12 months, which includes last spring’s buyers’ market. These buyers are ready,...