Happy Independence Day!

Dated: July 4 2021

Views: 13

 

 

Sunday at 2pm on Youtube Live “The History of Homeownership in the United States”

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/TCp5PzZzJsY          

 

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

 

This Week’s Highlights:

·         Looking for Investment Properties? Click Here: https://tinyurl.com/3mcmm65h

·         Looking for Homes with Pools? Click Here: https://myre.io/0HpDFCNj5add

·         Looking for Homes Listed Under $250,000? Click Here: https://myre.io/0cDLdFkXxc7r

·         Want a Home Valuation? Click Here: https://davidhittle.unitedkentuckymls.com/sell.php    

·         Check out my Latest Buyer’s Guide! Click Here: https://bit.ly/3zh4rMG

·         Check out my Latest Seller’s Guide! Click Here: https://bit.ly/2SvEWGX

·         Save Time and Effort by Selling with an Agent (Article Below)

·         What to Expect as Appraisal Gaps Grow (Article Below)

·         Record-high US house prices, tight supply hold back sales. Article Here: https://www.roomvu.com/nws/EnQoMyOiem2LaXI

·         What do experts see on the horizon for the second half of the year? (Article Below)

·         Laminate vs. Vinyl Flooring: Which is Best for you? Article Here: https://bit.ly/3hgMJlz

·         Are we in a Housing Bubble? Experts say No. (Article Below)  

·         New Home Sales fall Short of Expectations, but Dropping Lumber Prices could provide Breathing Room. Article Here: https://www.roomvu.com/nws/Y77A8i7lXN501N3

·         Interest in Urban Homes Grow Again. Article Here: https://bit.ly/3jI5HDm

·         Contract Signings Surge as Homebuyers Remain Eager. Article Here: https://bit.ly/3hwyjNb

·         Flintstone House Owner wins Lawsuit over Eyesore. Article Here: https://bit.ly/2UiL5H4

·         Is an Interest-only Mortgage a Good Idea? Here’s what you need to know. Article Here: https://bit.ly/2UiLk4W

·         Happy Independence Day! (Graphic Below)

·         Decorating with Cork Board Article Here: https://bit.ly/3ynHFBK

·         30-Year Mortgage Rate Drops Below 3% Again. Article Here: https://bit.ly/3xlmoZ9

·         Millennials and Housing: Should you wait or get it now? (Article Below)

·         Summer Buyer and Sellers Guides Are Here! (More Info Below)


Save Time and Effort by Selling with an Agent

Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From conducting market research to reviewing legal documents, handling negotiations, and more, it’s an involved and highly detailed process that requires a lot of expertise to navigate effectively. That’s one of the reasons why the percentage of people selling their own house has declined from 19% to 8%.

To help you understand just how much time and effort it takes to sell on your own, here’s a look at a few of the things you need to think about before putting that “For Sale” sign up in your yard.

>>Making a Good First Impression

While it may sound simple, there are a lot of proven best practices to consider when prepping a house for sale.

 

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

 

Thinking about selling the most expensive asset you own? Do you know all of the steps involved in that process? Yes, you can research all of that stuff on “the Google,” but can you actually do everything you need to do to sell your house? Introducing the Realtor, the Realtor’s job is to do all those things that you cannot do, or do not have time to do. There are so many things you have to do to sell that house, let your Realtor do all the paperwork and the advertising so that you can relax and look for your next place. If you need a Realtor contact David Hittle with United Real Estate Louisville 502-489-1135


What To Expect as Appraisal Gaps Grow

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates:

“The frequency of buyers being willing to pay more than the market data supports is increasing.”

While this is great news for today’s sellers, it can be tricky to navigate if the price of your contract doesn’t match up with the appraisal for the house. It’s called an appraisal gap, and it’s happening more in today’s market than the norm.

According to recent data from CoreLogic, 19% of homes had their appraised value come in below the contract price in April of this year.

 

Read the Full Article Here: https://bit.ly/3dJPDx7      

 

The Appraisal is an essential step on the road to homeownership for those who are financing their home purchase and in today’s market some appraisals are falling short and homebuyer’s are having to make a decision on what to do next… In really, really hot markets a low appraisal doesn’t mean anything to the seller, they want the buyer to pay for the home anyway to accept an offer. There are stories of home seller’s not even accepting an offer without an appraisal gap contingency. Meaning that if the appraisal is low the buyer will pay over it… This can be tough for homebuyer’s who are already struggling to find their next home. It is all a patience game, but if you need a Realtor to help you through this housing market David Hittle with United Real Estate Louisville is here to help give him a call today 502-489-1135


What Do Experts See on the Horizon for the Second Half of the Year?

As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon?

Mortgage Rates Will Likely Increase, but Remain Low

Many experts are projecting a rise in interest rates. However, even as mortgage rates rise, the anticipated increase is expected to be modest at most, and still well below historic averages. Rates remaining low is good news for homebuyers who are looking to maximize their purchasing power.

Home Price Appreciation Will Continue, but Price Growth Will Likely Slow

Experts remain optimistic about home prices, too.

 

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

 

The experts are still thinking the same about our housing market for the remainder of the year. They are anticipating interest rates rising, but will remain low, and they are also anticipating home prices to continue to rise. So with the increasing home prices and increasing interest rates home buyer’s will continue to struggle to find homes that they can afford and that they are willing to live with. However, David Hittle with United Real Estate Louisville can help you through the entire process; if you need a Realtor who will be in your corner call me at 502-489-1135.


 

Are We in a Housing Bubble? Experts Say No.

The Joint Center for Housing Studies:

“… conditions today are quite different than in the early 2000s, particularly in terms of credit availability. The current climb in house prices instead reflects strong demand amid tight supply, helped along by record-low interest rates.”

Nathaniel Karp, Chief U.S. Economist at BBVA:

“The housing market is in line with fundamentals as interest rates are attractive and incomes are high due to fiscal stimulus, making debt servicing relatively affordable and allowing buyers to qualify for larger mortgages. Underwriting standards are still strong, so there is little risk of a bubble developing.”

 

Read the Full Article Here: https://bit.ly/3qT4s5S     

The talk of a housing bubble is still out there and the experts continue to say they don’t see one bursting anytime soon. The issue in today’s market is inventory and the low inventory levels are causing prices to rise. Inventory is the Supply, and Demand is all the home buyer’s in the market. We have very little supply and very high demand! This in-turn will cause prices to continue to rise, not to mention material cost increasing, etc. This is a crazy market, but David Hittle with United Real Estate Louisville is operating in this market everyday and can help you through this process as well give him a call today 502-489-1135.


Summer is a Great Time to Upgrade [VIDEO]

https://fb.watch/6xyMT2nd7I/  

If you're ready to upgrade your home, summer is a great time to do so. Let's connect to get your house listed so you can find your dream home.


Happy Independence Day!

Wishing you a happy and safe Independence Day.


Summer Buyer and Sellers Guides are Here

The newest guides for buyers and sellers are here and full of valuable information on today’s market and the best ways to navigate it. DM me today for your digital copies!


2407 Bank St Louisville, KY 40212

I would love to show you my listing at 2407 Bank St Louisville, KY.

(YouTube Video: https://youtube.corelistingmachine.com/youtube/Z9JUEG)

Get More Information on this home here: https://tour.corelistingmachine.com/tour/titan/?id=6817171&reg=true&_seoAddress=2407-Bank-St-Louisville-KY-1584156


2301 Bickel Road Louisville, KY 40206 (Active Under Contract – Accepted Contract)

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


 

30-Year Mortgage Rate Drops Below 3% Again

Mortgage interest rates don't want to go over 3% and this week they retreated back under 3%.

These interest rates are amazing, and it is fueling the homebuyer's in our market!

If you are looking to buy or refinance today is a great day to look into all of your options.

I'm here to advise you through it all, let me know if you need me!

 

Read the Full Article Here: https://magazine.realtor/daily-news/2021/07/02/30-year-mortgage-rate-drops-below-3-again?fbclid=IwAR3FjRQdSXFOPDs9DAJ46khZVyYOqybXZZod4ILzLRkYo_2xJa_WJkPyP7A#!#.YN-cciCVt7s.facebook   

 

The experts continue to predict that mortgage interest rates will rise and will average at 3.30% this year. However, when they take off like a rocket is anyone’s guess. Waiting, could mean disaster for homebuyer’s and for those home sellers who are looking to buy a new home. David Hittle with United Real Estate Louisville is here for you and can advise you through the entire process if you would like some professional advice contact me today 502-489-1135.


 

Sunday at 2pm on Youtube Live “The History of Homeownership in the United States”

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/TCp5PzZzJsY          

 

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:

Happy Independence Day everyone, it is so shocking that we are already more than half way through this year!

 

This year has been amazing for me and my family, and I hope it has been amazing for you and yours as well. I’m excited to see how the rest of the year goes and am excited to see how many more people I can help find their homes.

 

Today, I think a lot about History and how many men and women have sacrificed to allow us to have a free nation, where you can go and purchase a home.

 

I’m so excited I hope you are too!   

 

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 2 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 (Active Under Contract – Accepted Contract) - 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!

 

2407 Bank Street, Louisville, KY - https://davidhittle.unitedkentuckymls.com/property/94-1584156-2407%20Bank%20St-KY-40212

This home is perfect for an investor looking to add to their portfolio. The home is a shotgun style, with a camelback featuring 3 Bedrooms, and 1 Full Bathroom. Other homes in the area that are being remodeled are selling for great values. If you are an investor and need a new project this one is right for you.

 

Please share these listings 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 fell to 2.98%, down 0.04 percentage points from last week’s 3.02%, they are getting super close to last year’s 3.07%. 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 Louisville and Lexington Kentucky area there were 3,348 (+44) homes & condos for sale, with the average days on market sitting at 26.70 (+/-0.0 Days). We are now at 0.95 (-0.01 Months) months of inventory, making this a “Seller’s Market” which is under the six months needed to have a “Balanced Market”. Builder’s are accelerating their building of brand new homes, but with lumber prices on the rise, it is making it harder for smaller builder’s to be able to afford. Bigger builder’s will have to come to the rescue, if we are ever to catch up with home buyer demand.

 

The Average Sale Price for May 2021 was $272,979 (Up $15,349 from April 2021), with Median Selling Price being $230,100 (Up $6,600 from April 2021). These numbers are up from last year’s $244,112 and $210,000 respectively. Year over year both average sale price and median selling price were up vs. last year.

 

If you are in need of a Real Estate Professional someone with the heart of a teacher, rather than a heart of a salesperson I’m the Realtor for 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 380 LIKES, 400+ FOLLOWERS!
I would also encourage you to visit my newly customized website at 
www.shopkentuckyhomes.com
Please also visit our more specific websites purchased and maintained to make it easier for you to find what you are looking for!
For Selling a Home: www.sellkentuckyhomes.com
For Buying a Home:
www.buykentuckyhomes.com
For Buying Louisville Homes:
www.shoplouisvillehomes.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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