Owning a Home Helps Protect Against Inflation

Dated: May 28 2023

Views: 24

Message From David Hittle, Realtor - United Real Estate Louisville

This weekend is Memorial Day, when we honor those who have fallen keeping us all free here at home! 

Mortgage rates rose this week on fears of a possible default on the nations debt. Rates rose to 6.57% on average on a 30-year fixed rate mortgage, up from last weeks 6.39%. The possibility from the Federal Reserve of more rate hikes due to stronger than expected economic conditions also looms in the future. Experts predict rates to average about 6% this year and also predict home prices to rise this year as well, though at a slower pace than past years.

In the Louisville Real Estate Market, the housing market continues to remain in Hot Seller's Market territory. Today, 1,530 listings are live on the market here in the Louisville Multiple Listing Service. In the Lexington Multiple Listing Service we have 2,108 listings that are active and on the market. And in the Northern Kentucky Multiple Listing Service we have 654 for a combined total of 4,292 listings on the market. The absorption rate or months worth of inventory sits at 1.33 months continuing to indiciate a Seller's Market in Louisville, Kentucky.

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, Realtor

Shop Kentucky Homes - Broker: United Real Estate Louisville

Certified Real Estate Negotiator (CREN)

2x VA Certified Realtor

2022 Millennium Club - Silver ($1-$3 Million Sales Volume)

October 2022 Top Producer (Based on Units Closed)

2021 Millennium Club - Silver ($1-$3 Million Sales Volume)

September 2021 Top Producer (Based on Units Closed)

502-489-1135 (Call or Text)

Shopkentuckyhomes@gmail.com

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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....

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