Tight Lending Blocks Some Would-Be Buyers - Don't Get Blocked!

Dated: October 25 2020

Views: 42


Real Estate Market Updates October 18, 2020 – October 24, 2020


Sunday at 2pm on Youtube LIVE

“Are Americans are Gaining Confidence in the Economy?” (LIVE)

Watch Live at 2pm at https://www.youtube.com/channel/UCE-LIrX743JkjfaZyBWCHRA

If you missed Last Week’s Episode you can find it here: https://www.youtube.com/watch?v=0ic3PZP4dM4    



1-Year Ago This Week I Became a VA Certified Realtor!


It is a tremendous honor to be able to work with active duty and retired veterans, who have fought for this country and have given their years to serve us and keep us free. I believe that every veteran deserves to be a homeowner, and because of their years of service our country has provided them with the most amazing home loan benefits that they can utilize through their VA Benefits.

If you are veteran or active-duty service member, I would love to help you get into your Dream Home! Contact me today so that we can get started toward making a homeowner rather than a renter ! 502-489-1135 


What to Expect as a Homebuyer Today? [VIDEO]


What can you expect as a home buyer today? Well you can expect low interest rates, but you can also expect stiff competition. Your budget and the Realtor you choose can make it or break it.

If you are ready to become a homeowner than now is the day to take charge and get to planning. Contact me and let’s find out what the next steps are in your journey to homeownership. 502-489-1135

This Week I Became NAR e-Pro Certified!

NAR's e-PRO® certification program helps REALTORS® master the advanced digital marketing techniques of today. With the e-PRO® certification, REALTORS® increase their ability to reach customers, expand their capabilities, and build trust by safeguarding client information.”

A Realtor training is constant, we are always learning new things, new techniques and new strategies to better assist our customers, clients, friends and family with the biggest purchase of their lives! Being certified as an e-PRO allows me to better understand how to safe-guard your personal information, and how to expand my reach to customers. When you work with me, you will know that you are working with a Realtor who is constantly improving, and is constantly training, and that is not a bad thing! 502-489-1135 


Real Estate Continues to Show Unprecedented Strength This Year

The 2020 housing market has surpassed all expectations and continues to drive the nation’s economic recovery. The question is, will this positive trend continue throughout the rest of the year, especially given the uncertainty around the current health crisis, and the upcoming election…

Read the Full Article Here: https://bit.ly/3jsfQ3c 

The Housing Market is still rising like a rocket-ship even at a time in the year where it would normally be crashing back down to Earth. I believe this is the result of the pause that occurred at the beginning of the Covid Pandemic, where Americans pulled back and waited to see what happens. Now however, Americans see what has occurred and are now revving their engines to get back in the race before it is too late! It is not too late for you to get in on this incredible opportunity! Give me a Call to Learn More! 502-489-1135


Welcome Home to Historic Clifton!
Imagine Hosting Thanksgiving Dinner in this Dining Room!

2301 Bickel Road Louisville, KY

3 Bedrooms

1 Bathroom

2 Car Garage

1 Car Carport

1,262 Square Feet of Living Space


Fenced Yard

Minutes From Fine Dining 

Minutes From Sports 

Minutes from Entertainment 

Minutes from Downtown Louisville 

Message me today, to schedule a safe and private tour, or contact your agent to schedule a showing through Showingtime!


Tight Lending Blocks Some Would-Be Buyers

With low interest rates and a massive amount of home buyers in the market today, so lenders are tightening their standards which may become a new road-block for new home buyers.

Read the Full Article Here: https://magazine.realtor/daily-news/2020/10/19/tight-lending-blocks-some-would-be-buyers?fbclid=IwAR0ocg77J-RrHSNt0-wrHB2UDuQQuFIOyjduW3h1ee29a3_9VEnTAzhCzVg#!#.X44dPjumNfU.facebook  

Due to just the incredible demand of homebuyers, and the record low interest rates, lenders are having to tighten their standards in order to ensure that they don’t cause another housing bubble like we saw in the early 2000’s. That bubble was caused by lenders who lended to anyone who wanted a loan (sub-prime mortgages), and would refinance to anyone who wanted to refinance, however what went up, had to come down and prices were going through the roof, those who refinanced were destroyed when the value of their homes tanked, and they were now “underwater on their mortgage.” Stuck, paying the mortgage on a home that was 5 or 10x more valuable, was too much for the market to bare, and it all imploded! Today, lenders are tightening standards and preventing that same event from occurring again! 502-489-1135

Americans Are Gaining Confidence in the Economy

The September Jobs Report issued by the Bureau of Labor Statistics reported that the unemployment rate dropped to 7.9%. Though that percentage is well below what experts projected earlier this year, it still means millions of people are without work.

Read the Full Article Here: https://bit.ly/3jrjo5U 

American’s are very resilient, after all we’ve survived two world wars, endless sickness and plaques, THE GREAT DEPRESSION, and now Covid-19. American’s are resilient, and they make the economy resilient as well! American’s are taking advantage of the opportunities presented: low interest rates, rising home prices, rent being about the same as a mortgage. Today, the Housing Market is STRONG! 502-489-1135


This Week Was Closing Day for my New Construction Client!

This Could Be You! There is Still Time! My Favorite Home Builder, is building today and they are building all over Louisville, Shepherdsville, Mt. Washington, Shelbyville, La Grange, and Coming Soon in Indiana! With low interest rates and home values continuing to rise, a brand new 2020 home is one of the best investments you can make right now! If you would like to see some beautiful homes with me, give me a call, let’s go take a look today! 502-489-1135


Are Low Mortgage Rates to Blame for High Home Prices?

It only goes to reason that with low interest rates and low inventory home prices will increase. This comes from our economic principle of Supply and Demand.

If there is high demand and little supply, prices increase.

If there is low demand and high supply, prices decrease.

As long as interest rates, inventory remain low and demand remains high, prices should continue to increase which impacts home buyers the most.

Read the Full Article Here: https://magazine.realtor/daily-news/2020/10/20/are-low-mortgage-rates-to-blame-for-high-home-prices?fbclid=IwAR3S_9V8pK6tgxqUsp6CGFUOHexefMjmzt-MVwPf3JhF_BDZU0tlVBWCNzo#!#.X49iEDS6Zfo.facebook

Supply and Demand, Low Inventory and Excess Home Buyer Demand is what is fueling these ever increasing prices! Real Estate is the best investment you can live in! Give me a call 502-489-1135 and let’s get you into your most valuable investment.


Elizabethtown – Beautiful Brick Home! Move-in Ready! 3 Bedrooms/3 Bathrooms!

Go to: https://www.davidhittlerealtor.com/KY/Elizabethtown/1813-Lakewood-Drive/listing/90812912 For pricing and 40+ pics, USDA Loan Eligible, and more! Great Condition!



This Just Goes to Show How Decades Change! [INFOGRAHIC]



Why Today’s Options Will Save Homeowners from Foreclosure

Many housing experts originally voiced concern that the mortgage forbearance program (which allows families impacted financially by COVID to delay mortgage payments to a later date) could lead to an increase in foreclosures when forbearances end.

Some originally forecasted that up to 30% of homeowners would fall into forbearance…

Read the Full Article Here: https://bit.ly/2Tk44gN

Many experts were predicting an early 2000’s housing burst. Back then millions of homeowners fell into foreclosure when their homes which were worth many times more, before the bubble burst and their home prices plummeted. Some homeowners braved the storm, but others it cost them everything! Today housing regulations try to prevent such bubbles from developing and bursting like they did in the early 2000’s. If you need to know the options available to you, please contact me so I can connect you to the right people to answer all of your questions! 502-489-1135


Another 2021 Color of the Year: Teal's the Deal


Looking for a color to paint a room in your home?

Try this 2021 Color of the Year!

Read the Full Article Here: https://magazine.realtor/daily-news/2020/10/20/another-2021-color-of-the-year-teals-the-deal?fbclid=IwAR2K31_sTJuo5aG_G2VTtL0NXWFhpXJBYX3MyzI1SAnVz3MCL71wPmNH9Kg#!#.X5BWkIH5AW0.facebook  

A new 2021 Color of the Year is Teal – if you are thinking of repainting a room, perhaps Teal will make a Deal happen for you! Ready to Stop Painting and Start Selling? Contact me today, lets get your house listed and sold before Christmas! 502-489-1135


Welcome Home to Historic Clifton!
This Open Concept Living Room, Dining Room, Kitchen allows for Great Entertainment Events!


2301 Bickel Road Louisville, KY

3 Bedrooms
1 Bathroom
2 Car Garage
1 Car Carport
1,262 Square Feet of Living Space
Fenced Yard
Minutes From Fine Dining 
Minutes From Sports 
Minutes from Entertainment 
Minutes from Downtown Louisville 

Message me today, to schedule a safe and private tour, or contact your agent to schedule a showing through Showingtime!


Homebuilding Is Booming, But Is It Enough?


This is what our housing market needs, more homes!!

If you are interested in a brand new home I'd love to show you what my favorite builder has to offer.

If you are going to buy a home anyway, doesn't it make since to look at a brand new 2020 home as well?

Read the Full Article Here: https://magazine.realtor/daily-news/2020/10/21/homebuilding-is-booming-but-is-it-enough?fbclid=IwAR2d3AwpeRVOUGxQMvLT4bwycG2WTjizhjV5lg-RpCQOhnwQ2mO_RKAFoY8#!#.X5C0E2zIBKc.facebook

My favorite homebuilder is building, building, building, but most of their homes are being sold before they are even built! What is good about a newly built home is that 1. You get to customize what you want, exterior, interior, lighting, etc. 2. You don’t have to deal with older home problems, bad wiring, bad plumbing, bad lightning. A new home is made just for you and your needs! If you would like to see some brand new homes, I’d love to set you up with an appointment today to see them! They are Beautiful, Trust Me! 502-489-1135


What to Expect as a Home Seller? [VIDEO]


What can you expect as a home seller today? Well you can expect multiple offers. When it comes to selling your home, who you choose as your Realtor does make all the difference.

I suggest going with someone who uses a 30-point Marketing Plan to get your home sold for the most money and in the time-frame that works best for you. That Realtor is me! Contact me today to learn more! 502-489-1135


Home Values Projected to Keep Rising


As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to occur in the future.

Read the Full Article Here: https://bit.ly/2TorbXu   

Every housing economy projection indicates that home prices are going to continue to rise. Supply and Demand indicates the same thing, with low supply and high demand prices will continue to rise. Demand will be impacted however, if interest rates rise, or the lack of supply drives buyer’s out of the market. Either of those situations could cause prices to start to fall; however from what we can tell home buyers are full steam ahead, and are buying up everything in sight! Call Me 502-489-1135


Sunday at 2pm on Youtube LIVE

“Are Americans are Gaining Confidence in the Economy?” (LIVE)

Watch Live at 2pm at https://www.youtube.com/channel/UCE-LIrX743JkjfaZyBWCHRA

If you missed Last Week’s Episode you can find it here: https://www.youtube.com/watch?v=0ic3PZP4dM4


This Week was Make Your Dog Happy Day!


Happy Make A Dog Happy Day!!

And, what better way to make your fur-child happy than to provide for them a big yard to run, jump, and be happy in? 

If you want to purchase a home with a yard for your fur-child I'm available to help find your Dog's Dream Yard, give me a call 502-489-1135


Fall Home Sales Surge Ahead of Normal Patterns

So... normally we'd see a decrease in listings and sales and buyers in the market as the weather starts to turn chillier and the nights come faster; however we all know this has been anything but a normal year!

How will the housing market finish out 2020? Right now it seems the market is still roaring along!

Read the Full Article Here: https://magazine.realtor/daily-news/2020/10/22/fall-home-sales-surge-ahead-of-normal-patterns?fbclid=IwAR0j5sSzyw3WLV5h1q1r4ibvFRiM7fup0BwOt1sF4Ci5crul2igFrHz7ESc#!#.X5IRyVrmDoM.facebook

Again, the highly unusual housing market continues! Fall and Winter is normally the time we see a slow down, but I think, because of Covid, the slowdown may be stalled for a little while. The slowdown will more than likely come eventually, which will allow homebuilders some time to catch up on inventory for the New Year! Ready to get into your very own home? I can help with that! 502-489-1135

What Will Homes Look Like in a Post-Pandemic World?


The Covid-19 Pandemic has changed what home-buyers are looking for in a home, for the most part new home-buyers want more space, home offices, and more outdoor space.

Read the Full Article Here: https://magazine.realtor/for-brokers/network/article/2020/10/what-will-homes-look-like-in-a-post-pandemic-world?fbclid=IwAR0TD3AVTwD6iHN1g243iRgVZhIz-ZXGcopLc0KDdcSZG4bLppCEz0PpbYY#!#.X5IjcnRtayo.facebook  

The Post Pandemic home, will be a larger home with more square footage, a bigger yard, and dedicated space for work, school, or study. If you need a home that better fits your post pandemic needs, let’s chat; give me a call 502-489-1135


Selling Your House Is the Right Move, Right Now [INFOGRAPHIC]

Take a look at those many reasons to sell right now, let me help you get the most profit out of your home, and get you into your Dream Home, that fits your needs better! 502-489-1135 I’m Always Available to Help You!

Where are Home Values Headed Over the Next 12 Months? [VIDEO]


Your home is your most valuable investment, and therefore it is important to know what it is worth. If you have thought about selling your home, but would like to know what it is worth, contact me today and ask for a home valuation. I will prepare your home valuation for you and arrange an in-person or virtual meeting to discuss your valuation and calculate how much you could expect to profit from the sale of your home. 502-489-1135


4 Yard Updates That Boost Curb Appeal

Curb appeal is the first view of your home when you are thinking of selling your house. If your curb appeal is not a draw for potential buyers they may not even wish to see the inside.

Read the Full Article Here: https://magazine.realtor/daily-news/2020/10/21/4-yard-updates-that-boost-curb-appeal?fbclid=IwAR0RsRmoEN5zPk-a12rLgzcj1TrkGkESOrv4w8pzKsDXR1yBy2L39zThaSU#!#.X5MGdksgy4Q.facebook 

So if you are planning on selling your house, start with its curb appeal and check out the article above for some great ideas! 502-489-1135

Welcome Home to Historic Clifton!
This Kitchen Features a Breakfast Area!


2301 Bickel Road Louisville, KY

3 Bedrooms

1 Bathroom

2 Car Garage

1 Car Carport

1,262 Square Feet of Living Space


Fenced Yard

Minutes From Fine Dining 

Minutes From Sports 

Minutes from Entertainment 

Minutes from Downtown Louisville 

Email me today, to schedule a safe and private tour, or contact your agent to schedule a showing through Showingtime! Or Call 502-489-1135


Mortgage Rates Hit Record Low—Again


Another RECORD LOW!!! WOW!!

This week average mortgage interest rates hit 2.80% the lowest average interest there has ever been since recording started in 1971.

What does this mean? You can afford more house, due to lower payments!!

Read the Full Article Here: https://magazine.realtor/daily-news/2020/10/23/mortgage-rates-hit-record-low-again?fbclid=IwAR04SfDYL8PFw4t78BuMtHeiJPy2EOVo1DBZpt8gsFmFfhVT04uijxrFqAg#!#.X5NPSWVRkU8.facebook

The 11th Record Low of the Year! Interest rates are dropping which is good for everyone! If you need a refinance, now is a great time for that if you plan to stay in your home awhile. For buyer’s a lower interest rate means lower payments, and lower amount paid over the life of the loan! Read to Refinance, Sell, or Buy a Home? Give me a Call! 502-489-1135


Things to Avoid After Applying for a Mortgage! [VIDEO]


There are several key things to avoid doing once you've applied for a mortgage.

Let's connect to make sure you have the information you need to move through the process with confidence. 502-489-1135


Check out These Newly Listed Properties from United Real Estate Louisville


I am pleased to feature the following properties! For questions or to schedule a showing, contact me today!

3 Bedroom, 1 Bathrooms 1,262 Sq. Ft. Home in Louisville, KY Listed at $214,900

3 Bedrooms, 3 Bathrooms 2,583 Sq. Ft. Home in Elizabethtown, KY Listed at $288,900

4 Bedrooms, 3 Bathrooms 3,154 Sq. Ft. Home in Carrollton, KY Listed at $350,000

3 Bedrooms, 2 Bathrooms 1,992 Sq. Ft. Home in Lancaster, KY Listed at $129,900

5 Bedrooms, 5 Bathrooms 4,077 Sq. Ft. Home in Louisville, KY Listed at $550,000


If You Could Imagine Any of Those Homes as Your Dream Home, Let’s Go Look at Them Together! Give me a Call or Text me to Schedule a Private Showing 502-489-1135 Remember: You Do Not Pay Me When I’m Your Buyer’s Agent!!


Sunday at 2pm on Youtube LIVE

“Are Americans are Gaining Confidence in the Economy?” (LIVE)

Watch Live at 2pm at https://www.youtube.com/channel/UCE-LIrX743JkjfaZyBWCHRA

If you missed Last Week’s Episode you can find it here: https://www.youtube.com/watch?v=0ic3PZP4dM4   



Message from David Hittle, Realtor United Real Estate Louisville:

So this week was the culmination of an almost 3 month construction project for my new construction client. Back in July, he signed the paperwork to have constructed for him a 3 bedroom, 2.5 bathroom home called The Greenbriar! I had an opportunity to tour that beautiful home, which I will post the video of soon!

These new construction homes are amazing, and the buyer gets to customize the exterior, as well as the interior. Choose what granite you want for your countertops, choose what kind, style and height of your cabinets. Choose your door knobs, your drawer knobs, and even your shower heads. Everything from the flooring, to the lightning is customizable!

If you are in the market for a new home, a Dream Home, let me set up an appointment for you to see these beautiful homes, so you can find the one that fits your current needs, and your budget!

In other news, this week was my 1-year anniversary of becoming VA Certified! Helping our active duty and veterans become homeowners is a significantly impactful opportunity for me, and I’m honored to be able to help them in any way I can!

Also this week, I completed my course to become a NAR e-PRO. This course focused on helping me safeguard my client’s personal information, and to better network, and market with them. I’m honored to continue to learn, grow, and thrive in my Real Estate Career!

Also this week was Make Your Dog Happy Day! What better way to make your fur-child happy than giving them a yard to run in? If you are ready to get your fur-child his or her own yard to run, jump and pee in let’s find the perfect yard for you and your pet!

Looking to Sell your House! I Want to Interview for the Job! I do not pressure my clients, I’m very patient and I walk them through what all I will do! I have a 29-Point Marketing Plan for Selling Your House! If You want to Sell, I will help get it sold for you! Give me a Call Today: 502-489-1135

Looking to Buy a Home! I Want to Interview for the Job! You Do Not Pay Me! I’m Paid by the Seller’s Upon Closing of the Deal! I’m very patient and I will walk with you through the entire process! If You want to Buy a Home, I will help you get the best deal possible! Give me a Call: 502-489-1135

Looking to Buy a Brand New Home? I would love to take you out to a Fischer Homes location and let you tour brand new 2020 homes. Why spend the money on an older home, with its issues, and its problems when you can buy a brand new home, receive a 1 year home warranty, a 7 year structural warranty, and peace of mind, knowing that when you sell that home, it is a 2020 built home! Give me a Call: 502-489-1135


If you would like a Custom List of Homes please visit this website and provide the criteria you want me to get you a list for, from there I will create your list and send it your way.

Custom Home List: https://vip-home-finder-3300-davidhittle-dvo9jzrg.itclix.com/


This week the Mortgage Interest Rates as published by Freddie Mac dropped to 2.80%, down one-tenth of a point from last week’s 2.81%, but better than last year’s 3.69%. 2.80% is now the 11th record low interest rate and is the lowest ever seen since recording started back in 1971. If you are paying more than 4% on your mortgage, contact me today! A refinance may be the way to go for you, if you plan to stay in your home for a while.


This week in Louisville and Lexington Kentucky there were 3,951 (+31) homes & condos for sale, with the average days on market sitting at 44.70 (+0.2 Days). We are now at 1.55 (-0.2 Months) months of inventory, making this a “Seller’s Market” which is under the six months needed to have a “Balanced Market”.


The Average Sale Price for September 2020 was $261,407 (Down $7,952 from August 2020), with Median Selling Price being $220,000 (Down $5,000 from August 2020). These numbers are up from last year’s $223,942 and $190,975 respectively. As you can see average home sales prices went down from August to September, and, the Median Selling Price also fell by $5,000 between August and September. This is a sign that home prices may be settling out for the year.

If you are in need of a Real Estate Professional, I’m always here to help you!

If you ever have any questions at all, please feel free to contact me, I’d love to hear from you and hear about your plans for the future!

You can email me at shopkentuckyhomes@yahoo.com
You can text me or call me at 502-489-1135
If you would please visit and LIKE my Facebook Page at https://www.facebook.com/shopkentuckyhomes/ We Have Over 250 LIKES!!!
We would also encourage you to visit my website at www.shopkentuckyhomes.com
Check out my newest website: www.davidhittlerealtor.com


Thank you once again, for allowing me to assist you on your homeownership journeys.

Blog author image

David Hittle

Hello, and welcome to my website - my name is David Hittle and I'm a VA Certified Realtor and NAR e-PRO with United Real Estate Louisville. The ultimate goal for a Realtor is to provide the client wit....

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