![Applying for a Mortgage Doesn’t Have To Be Scary [INFOGRAPHIC]](https://files.simplifyingthemarket.com/wp-content/uploads/2022/10/27090556/applying-for-a-mortgage-doesnt-have-to-be-scary-KCM.png "Applying for a Mortgage Doesn’t Have To Be Scary [INFOGRAPHIC]")
What Is It Like Living in Shelbyville, Kentucky? A Local REALTOR®'s GuideIf you're considering buying a home in Shelbyville, Kentucky, the first thing to understand is that Shelbyville and
What Happens to Housing when There’s a Recession?
Dated: October 30 2022
Views: 24
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Another Sunday and here is your Weekly Real Estate Newsletter - Hug a Sheep Day. Today we celebrate all that sheep do for us, everything from their wool for our coats, to their meaning in ancient days. If you like sheep, or own a sheep, hug your sheep today.
This week mortgage interest rates surged this week of the Halloween holiday, hitting an average of 7.08% this week, the highest average weekly rate since April 2002. The 30-year fixed rate mortgage averaged 3.09% one year ago. The 15-year fixed rate mortgage may save a little money it averaged 6.36% this week. The 5-year Hybrid Adjustable Rate Mortgages averaged 5.96% this week. All indiciations are that rates are going to continue to go higher, as the Federal Reserve continues to try and "slow inflation."
In the Louisville Real Estate Market however, the housing market continues to remain in Hot Seller's Market territory. Today, 2,240 listings are live and on the market here in the Louisville Multiple Listing Service. In the Lexington Multiple Listing Service we have 2,802 listings that are live on the market. And in the Northern Kentucky Multiple Listing Service we have 840 for a combined total of 5,882 listings on the market. The absorption rate or months worth of inventory sits at 1.51 indiciating a Seller's Market.
If you or someone you know has questions about the real estate market, or you would like a personal neighborhood market report don't hesitate to reach out and ask. You can also visit my website www.shopkentuckyhomes.com - and enter your zip code to receive a market report as well.
Don't try to navigate this changing housing market alone, have confidence by having a professional by your side during your real estate transaction.
David Hittle, NAR e-Pro, 2x VA Certified, Realtor
United Real Estate Louisville
Shop Kentucky Homes
502-489-1135 (Call or Text)
Shopkentuckyhomes@gmail.com
David Hittle
David Hittle is a licensed real estate agent with United Real Estate Louisville, serving buyers and sellers throughout Louisville, Kentucky and surrounding counties. Specializing in residential real e....
Latest Blog Posts
What Should You Do Before Buying a Home in Kentucky?Buying a home can be exciting.It can also become unnecessarily stressful when buyers start looking at houses before they're prepared for
What Is It Like Living in Lexington, Kentucky? A Local REALTOR®'s GuideWhen people think about Lexington, Kentucky, a few things usually come to mind first.Horses.The University of Kentucky
From Mom to Daughter: A Real Estate Relationship Years in the MakingSome real estate closings mean a little more than simply handing over the keys.Today, I had the privilege of watching Shelby Lay
Data last updated: September 18, 2026 4:07 PM UTC and updating occurs daily
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of Metro Search, Inc. Real estate listings held by brokerage firms other than United Real Estate Louisville are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about each listing includes the name of the listing broker.
© 2026 Metro Search, Inc.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than United Real Estate Louisville are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to
REALTOR® Association of Southern Kentucky All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
Heart of Kentucky Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
