How a Change in Mortgage Rate Impacts Your Homebuying Budget?

Dated: April 4 2021

Views: 7


    

Weekly Real Estate News
March 28 – April 3, 2021

 

 

Sunday at 2pm on Youtube Live “Is Homeownership Still Considered Part of the American Dream?”

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

 

If you missed last week’s Youtube Live you can check that out here:


    

View the Video Here: https://youtu.be/nrYnDJZfXt0

 

Stay Up-To-Date on all the Housing Market Happenings by visiting my Facebook Page at www.facebook.com/shopkentuckyhomes or visit www.shopkentuckyhomes.com


 

Ready to Become a Real Estate Investor?


     

A lot of millionaires made their money through Real Estate investments.

Are you ready to try your hand at Real Estate Investing?

Check out my list of homes, perfect for an investor to renovate, remodel, and re-sell.

 

Check Out the List Here: https://davidhittle.unitedkentuckymls.com/index?advanced=1&display=Louisville&areas%5B%5D=city:Louisville&beds=0&baths=0&min=2&max=50000&minacres=0&maxacres=3000&minfootage=0&maxfootage=30000&walkscore=&yearbuilt=0&options%5B%5D=fixer&sortby=listings.listingdate+DESC&ppc=FB&addht=louinvestors&agency_photos=0&view_timing=2

 

If you are ready to become a Real Estate Investor, contact David to learn more 502-489-1135!


 

What It Means To Be in a Sellers’ Market

           

If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase.

The latest Existing Home Sales Report from The National Association of Realtors (NAR) shows the inventory of houses for sale is still astonishingly low, sitting at just a 2-month supply….

 

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

 

Here in Kentucky, we have been a seller’s market for a very long time. A seller’s market just means that the housing market favors the seller’s and this is mostly due to the lack of inventory. If inventory grows above 6 months at current sales rate then the housing market starts to favor buyer’s because at that point there would be fewer buyer’s than home seller’s. Today, we have more home buyer’s than home seller’s meaning that home seller’s have more options, and in today’s market more offers to choose from. We need home seller’s to step up and sell homes, so that the market gets back on track, if you have thought about selling your home, or you wish to buy a home in the future, give David Hittle with United Real Estate Louisville a call today 502-489-1135


 

Low Inventory – What does it mean to homeowners?


  

In our Real Estate Market today we have Extremely Low Inventory!!

As the weather heats up, typically we see arise in inventory levels, however now is the time to get your home on the market and beat the incoming competition to the punch!

Check out these 4 Reasons Why Now is a Great Time to Sell Your House, and when you are ready to make your moves give me a holler! 502-489-1135


 

List of Homes with Pools


    

Soon the Kentucky Cold with Make Way for the Kentucky HEAT!

Do you have a pool? Do you want a home with a pool? Me Too!

We have a list of homes with pools and we'll provide it to you for FREE!

Click the link below for access to this list!

https://myre.io/0HpDFCNj5add

If you are ready to own your very own home with a POOL, let’s get together and get you prepared for the home buying journey ahead! 502-489-1135


 

How a Change in Mortgage Rate Impacts Your Homebuying Budget

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares:

“Since January, mortgage rates have increased half a percentage point from historic lows and home prices have risen, leaving potential homebuyers with less purchasing power.”

 

Read the Full Article Here: https://bit.ly/3ugWDr2   

 

Mortgage interest rates are on the rise this year, gone “for now” are the days of 2% interest rates, those were for last year and now rates are predicted to average about 3.3% this year. However, this is not something to really worry too much about. That is because, interest rates are still near historic lows and home buyer’s are still getting great rates from home lenders. If you wish to buy a home, I would suggest working on that project sooner rather than later, as the weather heats up normally the housing market does as well. With more competition amongst home buyer’s, interest rates are bound to continue their rise. If you want to get into your new home, give David Hittle with United Real Estate Louisville a call today 502-489-1135


 

2301 Bickel Road Louisville, KY 40206


  

I would love to show you my listing at 2301 Bickel Road Louisville, KY.

 

Get More Information on this home here: https://tour.corelistingmachine.com/tour/titan/?id=6495870&reg=true&_seoAddress=2301-Bickel-Rd-Louisville-KY-1567539

 

If you would like more information on this home or to schedule a showing please call David Hittle at 502-489-1135


 

Think a Brand New Home is Out of Reach?

 

Think a Brand New Home is out of reach for your budget?

Check out the link below for a list of New Construction homes that may well be in your budget!

 

View a List of New Construction Homes Herehttps://bit.ly/3h6HUK4 

     

When anyone thinks of something that is BRAND NEW, they automatically think expensive. However, when it comes to the housing market right now, brand new homes are competing in price with existing-homes. Therefore, for the price of some existing homes built years or decades ago, you could own a brand new 2020 or 2021 home. If you are thinking of buying a home and want to know if a new construction home is within your budget, give me a call today 502-489-1135


 

Is Homeownership Still Considered Part of the American Dream?


         

Since the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes:

“The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many respects a collection of feudal societies. Old rich families, or the church, owned all the land and, with few exceptions, everyone else was a tenant.

 

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

 

America really is a land of opportunity; many thousands of people come to this country seeking a better life, and many thousands more flee dangerous areas of the world seeking the freedom that America provides. The American Dream, is a dream that these individuals seek; and part of that dream is Homeownership. Homeownership is part of the American Dream, because in many parts of the world you are basically a “renter-for-life.” Someone else owns the property where your home sits; so that you never truly own what is yours. America is different; America is the one place where you can buy a piece of land, build a home, and it is yours forever! If you are wanting to chase the American Dream, I would love to help you achieve it, contact David Hittle with United Real Estate Louisville today 502-489-1135 – and begin the process of obtaining the American Dream.


 

ATTENTION HOME SELLERS!

Have you seen signs all over town “We will buy your House for Cash”? Maybe you have been receiving calls, text messages or mail from individuals who want to buy your home.

Who are these people and what is their end game?

These people are called wholesalers and often they have ZERO intentions of buying your home. Most likely your home equity position has skyrocketed over the last several years, sales price across the region is up almost 40% over the last 10-years. Wholesalers are banking on the fact that you may not know what your position truly is. They will make you an offer (again with no intentions of closing) then advertise/shop the contract on your home to other potential investors or buyers and make money on the difference. This is called assigning your contract and you need to be aware that this kind of transaction does not put YOU first.

Usually, wholesalers are not licensed real estate agents and not members of the National Association of Realtors. You need to know that licensed real estate agents are legally obligated to be a fiduciary, which means they MUST put the needs of their clients ahead of their own. And Realtors take an oath to hold themselves to an even higher standard with an obligation to treat ALL PARTIES honestly and fairly. Wholesalers, being neither licensed agents or Realtors, answer to no one.

Wholesalers do not have your best interest at heart. If you aren't contacting a Realtor to find out what your house is worth you are LEAVING MONEY ON THE TABLE. Listing your home with a Realtor ensures it will be exposed to the entire market and not just a handful of investors. We're standing by to help you with your home needs. But even if you don't call us, there are a lot of amazing Realtors in our community ready to help and there has never been a better time to sell your home than RIGHT NOW.

David Hittle, Realtor – United Real Estate Louisville 502-489-1135


 

2301 Bickel Road Louisville, KY 40206

I would love to show you my listing at 2301 Bickel Road Louisville, KY.

 

Get More Information on this home here: https://tour.corelistingmachine.com/tour/titan/?id=6495870&reg=true&_seoAddress=2301-Bickel-Rd-Louisville-KY-1567539

 

If you would like more information on this home or to schedule a showing please call David Hittle at 502-489-1135


 

Check out the Latest Listings from United Real Estate Louisville

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

Phone: 5024891135 Email: shopkentuckyhomes@yahoo.com

 

2 Bedroom, 2 Bathroom 970 Sq. Ft. Condo in Louisville, KY listed for $95,000
https://homeasap.com/davidhittle/featured/vHs6qkp0wF01


 

There’s No Reason To Panic Over Today’s Lending Standards


    

Today, some are afraid the real estate market is starting to look a lot like it did in 2006, just prior to the housing crash. One of the factors they’re pointing to is the availability of mortgage money. Let’s alleviate these concerns.

the Mortgage Credit Availability Index stood at about 400 in 2004. Mortgage credit became more available as the housing market heated up, and then the index passed 850 in 2006. When the real estate market crashed, so did the MCAI (to below 100) as mortgage money became almost impossible to secure. Thankfully, lending standards have eased somewhat since. The index, however, is still below 150, which is about one-sixth of what it was in 2006.

 

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

 

Everyone seems to be concerned about a bubble bursting as it did in 2006 with the housing crisis. However, today’s market is different than it was in 2006. Today, it is not a bubble created by cheap paper being sold to different banks; today we are seeing supply and demand running the market. Today, the prices of homes are increasing, because there is a lack of supply of homes, while demand for homes is increasing. Unlike in 2006, where millions of homeowners had over leveraged their homes equity, today homeowners are holding on to their equity or selling their homes to draw that equity out. Today’s housing market is not in crisis, it is in fact running the way our housing market is supposed to run, now is a great time to own a home and I believe you should own one too, give me a call when you are ready 502-489-1135


 

Tax Season is Here!


    

Tax Season is here, what better use for your hard earned tax refund than to use it to buy a home?

Your tax refund could just be the boost you need to help with the down payment or closing costs on your new home, and with homeownership come tax benefits too!

So don't waste your tax refund on something that won't make you wealthier, use it for something that will increase your net-worth and provide for a more stable future!

If you are preparing to purchase a home, whether it is your first, or your fifth I can help you navigate through the process and make sure that you are getting the best deal possible.

Give me a call! 502-489-1135


 

Mortgage Rates Are Still Historically Low

Mortgage rates today are still much lower than they have been at almost any other time in history. This is a great opportunity to lock in a low rate on the home of your dreams. Reply to this e-mail to get started on the homebuying process today.


 

April Showers, Bring May Flowers! April Also Brings Home Buyer’s!

They say that April Showers, Bring May Flowers but April Showers also bring Home Buyer's.

As inventory levels increase as the weather warms up, more home buyer's are going to be looking for homes.

Will they be looking at your home? Not if it is not on the market...

If you are ready to make your moves and upgrade or downsize into a new home, give me a holler today!

I will get your house on the market and on its way to sale, while also finding you your next home!

Let's get started today, before your neighbors all sell their houses first! 502-489-1135


 

Buyer Competition Is Good News for Sellers [INFOGRAPHIC]


  

With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of Realtors (NAR), on average, houses are receiving over four offers from buyers and they’re selling in less than three weeks. If you’re ready to make a move, let’s connect today so you can sell your house while the market is in your favor. 502-489-1135


 

Thank you to my Clients and Friends for this Honor!

Because of my amazing friends and clients, I was awarded by Homesnap.

This is the value that I bring to my clients and customers. If you want a Realtor on the cutting edge, look no further than David Hittle with United Real Estate Louisville.


 

Your April 2021 Home Maintenance & Safety Checklist

Being friends with a Realtor is great because you get all of these helpful tips on how to care for your home!

If you have a home and are looking to spruce it up for sale, I'd be happy to help you with that endeavor!

If you are looking to buy a home, at least you have these checklists to help you make sure that the home is perfect for you and yours!


 

Home Prices Rose in 2020 – How Did Your Home Perform?


  

 

Are you Ready to Make a Move & Sell Your Home? 

Don't Sell Your Largest Investment Alone! 

In today's market with so many tech savvy buyers, the legal issues, & more, why would your risk selling your own home when there are ways to save you TIME, MONEY AND HEADACHE?

When selling with a Realtor, the transactions prove when priced correctly, marketed to the masses, a home will remain on the market for less days  & sell for more money. 

Don't make the mistake of doing what so many try to do... CALL ME! I'll give you a FREE Home Intelligence Report, 

There is NO pressure, NO commitment. 

I give you the information, the facts and the opportunity to utilize my expertise for a smoother & quicker sale. 

David Hittle, Realtor, Real Estate Professional
United Real Estate Louisville
101 Bullitt Lane, Suite 110
Louisville, KY 40222
Cell: 502-489-1135
#shopkentuckyhomes #unitedrealestate #FSBO #sellahouse #sellahome

Click this link for your Free Home Intelligence Report: https://myre.io/0mwzcp9AtS5t


 

Don’t Get FOOLED Into Selling Your House on Your Own [VIDEO]

https://fb.watch/4EnftxgJSb/

Don't get fooled into selling your house without the help of an agent.

Let's connect to ensure the process is smooth and successful. 502-489-1135


 

2301 Bickel Road Louisville, KY 40206

I would love to show you my listing at 2301 Bickel Road Louisville, KY.

 

Get More Information on this home here: https://tour.corelistingmachine.com/tour/titan/?id=6495870&reg=true&_seoAddress=2301-Bickel-Rd-Louisville-KY-1567539

 

If you would like more information on this home or to schedule a showing please call David Hittle at 502-489-1135


 

You Wouldn't Take a Flight Without a Pilot, So Why Would You Try To Sell Your Home Without a Realtor?


  

A Realtor is a lot like a Pilot, the Realtor is there to guide you through the process. The Realtor is an expert in helping their client’s negotiate through the processes, when they are buying or selling a home.

As a Realtor, my obligation is to serve you, and to place your needs ahead of everyone else's, even my own!

As a Realtor, I provide a lot of information for free, because I want you to see that I'm the only Realtor you need when it comes to buying or selling a home.

Check out some of the advantages you will have by selling with David Hittle with United Real Estate Louisville:

FREE Home Valuation: https://davidhittle.unitedkentuckymls.com/.../992d3031d77...

FREE Spring 2021 Seller's Guide: https://www.simplifyingthemarket.com/en/sellers/...

FREE APP to Search for Your Next Home (Best Opened on a Phone): davidhittle.unitedkentuckymls.com/app.php

These are just a few of the services that I provide, to learn more schedule an appointment today or give me a call at 502-489-1135


 

Will Rising Mortgage Rates Dampen Buyer Demand?


  

Mortgage rates are at it again this week rising to 3.18%.

This rate while higher than last week, still sits at historic lows; however if buying a home is on your to-do list this year, sooner is looking better than later!!

The predictions are pointing to a 3.3% average for the year, so now is the time to get those rates locked and you into your new home!

 

Read the Full Article Here: https://magazine.realtor/daily-news/2021/04/02/will-rising-mortgage-rates-dampen-buyer-demand?fbclid=IwAR3X-4uBxGMypBerPROy1cZOFKTRE4wXD9oOHwXlYDhhaulabT1Kcj47Eqk#!#.YGiTnMRSYGM.facebook  

 

Experts are predicting interest rates averaging 3.3% this year, this means that they will come in below and above 3.3% this year. If you have a Real Estate need, give David Hittle with United Real Estate Louisville a call today 502-489-1135.


 

 

Sunday at 2pm on Youtube Live “Is Homeownership Still Considered Part of the American Dream?”

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

 

If you missed last week’s Youtube Live you can check that out here:

https://external-atl3-2.xx.fbcdn.net/safe_image.php?d=AQFgo0h8iagYDlA4&w=500&h=261&url=https%3A%2F%2Fi.ytimg.com%2Fvi%2FnrYnDJZfXt0%2Fmaxresdefault_live.jpg&cfs=1&ext=jpg&ccb=3-4&_nc_hash=AQGbAxN7C1U6j7LN    

View the Video Here: https://youtu.be/nrYnDJZfXt0

 

Stay Up-To-Date on all the Housing Market Happenings by visiting my Facebook Page at www.facebook.com/shopkentuckyhomes or visit www.shopkentuckyhomes.com


 

Message from David Hittle, Realtor United Real Estate Louisville:

As the weather heats up we would normally start to see a rise in the number of homes available for sale. As of the writing of this message to all of you, we are seeing that rise. The number of homes hitting the market in the Louisville/Lexington area is closing in on 3,000. The number we have seen recently in the summer time is around the 5,000 to 6,000 mark.

What does this mean for you?

If you are looking to buy a home, then more homes on the market of course gives you more options to choose from. The negative side to this is that we are seeing mortgage interest rates rise as well.

If you are thinking of selling a home, then more homes on the market is bad for you because it present more competition for your home. You may receive fewer offers on your home because buyer’s have other choices to choose from.

So buying or selling a home, now is the time to do that while interest rates remain low for buyer’s and inventory of homes remains low giving both sides opportunities.

 

If you or someone you know needs a Realtor – I would be honored to help just call me 502-489-1135

 

If you are interested in purchasing a home, I currently have 1 listings on the market, with what I pray will be many more to come! You can see that listings below, however if it does not fit your needs I hope you will contact me so I can get you a personalized list of homes that fit your needs!

 

2301 Bickel Road, Louisville, KY - https://davidhittle.unitedkentuckymls.com/property/94-1567539-2301-Bickel-Rd-Louisville-KY-40206

This home is near all the amenities you could ever ask for. From Food, to Sports, to Entertainment to the Downtown scene; this home is near it all and would make for a great rental home or starter home for someone looking to be near the fun of our city!

 

Please share this listing with your friends and family, and if someone is interested please send them my way or have them contact me at 502-489-1135 (Call/Text).

 

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 Get a Home Valuation Here: https://davidhittle.unitedkentuckymls.com/sell.php or a Free Seller’s Guide Here: https://www.simplifyingthemarket.com/en/sellers/?a=489398-03f53f0576489362a12f29c9abd81b9a

 

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 Get my Free Buyer’s Guide Here: https://www.simplifyingthemarket.com/en/buyers/?a=489398-03f53f0576489362a12f29c9abd81b9a

 

Looking to Buy a Brand New Home? I would love to set up an appointment with my favorite builder for you! Why spend the money on an older home, with its issues, and its problems when you could buy a brand new, customizable home, and receive a 1 year home warranty, a 7 year structural warranty, and the peace of mind, knowing that when you sell that home, it is a 2020 built home! Give me a Call Today: 502-489-1135

 

This week the Mortgage Interest Rates as published by Freddie Mac rose to 3.18%, +0.01 points from last week’s 3.17%, they are better than last year’s 3.33% but are getting close to last year’s figures. 2.65% is the lowest ever seen since recording started back in 1971 and was obtained the first week of January 2021.

This week in the 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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