How Waiting to Buy a Home Could Cost You!

Dated: August 1 2021

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Sunday at 2pm on Youtube Live “How Waiting to Buy a Home Could Cost You”

Watch Live at 2pm at


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


View the Video Here:           


Stay Up-To-Date on all the Housing Market Happenings by visiting my Facebook Page at or visit

This Week’s Highlights:

·         Looking for Investment Properties? Click Here:

·         Looking for Homes with Pools? Click Here:

·         Looking for Homes Listed Under $250,000? Click Here:

·         Want a Home Valuation? Click Here:    

·         Check out my Latest Buyer’s Guide! Click Here:

·         Check out my Latest Seller’s Guide! Click Here:

·         Housing Market Heating Up Post-Covid Article Here:

·         3 Hot Topics in the Housing Market (Article Below)

·         A Look at Housing Supply and What it Means for Sellers (Article Below)

·         Buying Pre-Construction Explained Video Here:   

·         4 Reasons Why the end of Forbearance will not cause a wave of Foreclosures (Article Below)  

·         Low Down Payment Construction Loans for New and Repeat Buyers Article Here:    

·         Home Sellers: There is an extra way to Welcome Home our Veterans (Article Below)  

·         Housing Supply is Rising. What does this mean for you? (Article Below)  

·         The Under-Appraising Issue Video Here:   

·         Design Ideas: 8 Sheds You’ll Love Article Here:   

·         Consumers are Moving for Their Pets (Article Below)  

·         Time is Money When it Comes to Your Home (Video Below)  

·         Brejos House Article Here:   

·         15-Year Fixed Rate Mortgages Reach Record Low (Article Below) 

·         Waiting to Buy a Home May Cost You (Graphic Below)


3 Hot Topics in the Housing Market Right Now

The Counselors of Real Estate (CRE) just released its Top Ten Issues Affecting Real Estate report. Here are three hot topics from the list and how they impact today’s housing market.

>>Technology Acceleration and Innovation

The past year ushered in many changes to the real estate industry, especially when it comes to technology. The CRE report elaborates on this: “Lockdown-driven changes in our work, in the economy, in social structures, and in our personal behavior have pushed our reluctance aside. The acceleration and adoption of technology during the pandemic has impacted everything, and real estate is no exception.”

>>Remote Work and Mobility

Working from home became the reality for many individuals during the pandemic, and the latest list from the CRE identified remote work and mobility as an important factor…


Read the Full Article Here:    


There are many factors involved in the purchase of a new home, but the Covid-19 Pandemic has changed how many of us view our homes. Our homes have become much more than a place to lay our heads at night, they have become the place many of us spend the majority of our time. If you work from home then you know you have a different set of needs today, than you did when you worked at the office. If your needs have changed and you need a new home to fit those needs give David Hittle with United Real Estate Louisville a call today, he can help find you the home that fits all of your needs and wants 502-489-1135.


A Look at Housing Supply and What It Means for Sellers

While it may be tempting to blame the pandemic for the current inventory shortage, the pandemic can’t take all the credit. While it did make some sellers hold off on listing their houses over the past year, the truth is the low supply of homes was years in the making. Let’s take a look at the root cause and what the future holds to uncover why now is still a great time to sell.

Where Did the Shortage Come From?

It’s not just today’s high buyer demand. Our low supply goes hand-in-hand with the number of new homes built over the past decades. According to Sam Khater, VP and Chief Economist at Freddie Mac:

“The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes.”


Read the Full Article Here:         


When Covid-19 hit our country and the world began shutting down a lot of very necessary industries grinded to a halt as well. Industries such as timber, wood making and glue, all essential home products halted production. As you know the prices for wood products and ply wood have skyrocketed, in part due to production stoppages. Today, as those industries start to ramp up production once again, it may take some time to see prices of those products come back down to the “pre-pandemic” levels, but they should get there. We have no world-wide shortage of wood products or glue, or for that matter steel. If you are thinking of purchasing a brand new home, it may cost you a bit more than it did before, when we factor in the appreciation of homes today, as well as the new costs of materials prices will be higher, but if you need a new home, you should let David Hittle with United Real Estate Louisville guide you through the process. He stands with you from start to finish and beyond he is the right Realtor to have in your corner so give him a call today 502-489-1135.


4 Reasons Why the End of Forbearance Will Not Lead to a Wave of Foreclosures

With forbearance plans about to come to an end, many are concerned the housing market will experience a wave of foreclosures like what happened after the housing bubble 15 years ago. Here are four reasons why that won’t happen.

>>There are fewer homeowners in trouble this time

After the last housing crash, about 9.3 million households lost their home to a foreclosure, short sale, or because they simply gave it back to the bank. As of last Friday, the total number of mortgages still in forbearance stood at 1,863,000. That’s definitely a large number, but nowhere near 9.3 million.

>>Most of the 1.86M in forbearance have enough equity to sell their home

Of the 1.86 million homeowners currently in forbearance, 87% have at least 10% equity in their home. That’s important because it enables homeowners to sell their before foreclosure occurs.


Read the Full Article Here:              


Selling your home is a huge decision, however sometimes when life has devastated your life, selling your home is your only option, or losing it. With a homeowners having equity in their homes today, it makes the pain a little less painful. If you or someone you know is facing foreclosure, please reach out to David Hittle with United Real Estate Louisville, so that they have all the facts before it is too late 502-489-1135. 


With rental prices rising, there's a chance you'll be paying more in rent soon (if you aren't already). When you rent, you face rising, unpredictable expenses every year. When you buy, your mortgage payments remain consistent year to year. Are you stuck in the rental mountain climb? Email me today if you’re ready to go from renting to owning your own home (


Home Sellers: There Is an Extra Way To Welcome Home Our Veterans

Some veterans are finding it difficult to obtain a home in today’s market. According to the National Association of Realtors (NAR), “The share of VA-guaranteed loans has also decreased to 7% in May 2021 from about 10% in past years.”

The drop in VA loan usage can be attributed to the difficulties veterans continue to face when buying a home. The NAR article elaborates, "It is extremely difficult for FHA/VA buyers to get accepted in a multiple offer situation. They are on the bottom of the hierarchy."

One contributing factor is that buyers with VA loans can’t waive certain contingencies. However, just because a certain contingency must be present for a particular buyer doesn’t mean that buyer’s offer shouldn’t be considered.

As a seller, it’s important to consider every offer in front of you regardless of the loan type.


Read the Full Article Here:        

It is very unfortunate that our veterans are finding it hard to buy a home, I work with veterans a lot and know that there is a stigma around VA loans. However, as the article said, it is important to review all offers no matter what the loan type is, because our veterans especially, deserve to own a home. If you are thinking of selling a home, and one of your offers is a VA loan, don’t look down on it, or be critical of it. Instead be proud and honored that a veteran is interested in buying your home, if you are ready to buy or sell a home give David Hittle a call at 502-489-1135.


The economic principles of #supplyanddemand are driving today’s rising home prices. We simply haven’t built enough homes over the last 10 years to keep up with demand. That means more buyer competition for today’s limited housing supply. Email me so we can talk about how your home could sell for a great price in today’s market (


2407 Bank St Louisville, KY 40212

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

(YouTube Video:

Get More Information on this home here:


2301 Bickel Road Louisville, KY 40206 (BACK ON THE MARKET)

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


Get More Information on this home here:


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


Consumers are Moving for their Pets

So how you ever thought about what your pet thinks about your current living situation?

Maybe you have a puppy but you live in an apartment your poor puppy just can't run wild, like the puppy that he or she is.

According to a recent survey people are moving for their pets and your puppy wants a nice big back yard to go run and jump in!


Read the Full Article Here!#.YQMTfqjfSRo.facebook

If you are considering buying a new home, especially if it is for your puppy you should reach out to puppy-friendly Realtor David Hittle with United Real Estate Louisville!

He will help find you and your puppy the perfect home for both of you!

Call Him Today – 502-489-1135


Check out my Latest Listing (PENDING)

See a virtual tour of my listing on 4527 Lunenburg Dr Louisville, KY.

(YouTube Video:


Time is Money When it Comes to Your Home [VIDEO]    

If you bought your home a number of years ago, chances are you have a lot of opportunities between your home equity and today's low mortgage rates. Let's connect to make sure you don't miss out David Hittle – United Real Estate Louisville 502-489-1135.


Affordability is top of mind for homebuyers. The good news is, it’s actually more affordable to purchase a home now than it was 15 years ago. When adjusting for inflation, the typical mortgage payment today is 26% lower than the median payment in 2006. Are you ready to own your own home? Email me today so we can talk through the full affordability picture (


Waiting to Buy a Home May Cost You [INFOGRAPHIC]

If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on your buying power no matter your price point. Don’t assume waiting will save you money. Connect with your trusted real estate professional to set the ball into motion today while mortgage rates are hovering near historic lows. David Hittle – United Real Estate Louisville 502-489-1135/


Check out the latest Listings from United Real Estate Louisville

This 3 Bedroom, 3 Bathroom home located in Rineyville, KY features 2,878 square feet of space and was built in 2002. Located in the Lavista Estates neighborhood this home is currently listed for $290,000.

This 3 Bedroom, 2 Bathroom home located in Louisville, KY features 1,413 square feet of space and was built in 1958. Located in the Cedar Village neighborhood this home is currently listed for $200,000.

This 2 Bedroom, 1 Bathroom home located in Louisville, KY features 1,170 square feet of space and was built in 1930. Located in the Highbaughs Powell neighborhood this home is currently listed for $75,000.


If any of those homes peak your interest, reach out to David Hittle with United Real Estate Louisville to schedule a private showing today. He can be reach at 502-489-1135 or


15-Year Fixed-Rate Mortgages Reach Record Low

Mortgage interest rates fell to the lowest rate in months of 2.88% which is great news because home prices have now surged to a new record median price of $350,300.

The low interest rates... for now... are keeping housing affordable, however at any time these rates could start to rise and with home prices rising as well, it will spell a downturn in homebuyer's being able to afford a home.


Read the Full Article Here:!#.YQR81gj3_zw.facebook


If you are looking to sell a home, now is a great time there is plenty of competition for your home due in part to these mortgage interest rates.

If you are looking to buy a home, now is the time to get preapproved, your rate locked in, and find that home now, because rising rates will cost you over the long-term.

Either Buying or Selling, David Hittle with United Real Estate Louisville has the experience and knowledge to help you navigate this market and to make the right decisions to make your Real Estate Dreams come true! Give him a call today at 502-489-1135.



Sunday at 2pm on Youtube Live “How Waiting to Buy a Home Could Cost You”

Watch Live at 2pm at


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


View the Video Here:           


Stay Up-To-Date on all the Housing Market Happenings by visiting my Facebook Page at or visit

Message from David Hittle, Realtor United Real Estate Louisville:

July is over and welcome to August, 8 months into the 2021 year and 4 months to go until Christmas! This year has been amazing, and I hope it has been just as amazing for you!


Mortgage interest rates continue to be on the downslide, hitting 2.8% this week, the 15-year fixed rate mortgage hit a new record low this week as well. 3.3% which is what the experts were predicting seems to be a bit off, but only time will tell.


Due to the pandemic and industry shutdowns, the building materials needed to build homes was stalled. It could not have come at a worse time, because housing is what is needed now in order to keep up with demand. As these industries get back online, the prices of these materials have decreased, but the builders who had already purchased their supplies, are going to eat a high cost, or sell a home at a higher cost.


As Congress allows the forbearance of evictions to come to an end, many worry about the number of foreclosures and evictions that are getting ready to occur. While evictions are on the rise, mostly of renters who haven’t paid their rents in some time, the number of foreclosure may actually be lower due in large part to the amount of equity most homeowners have in their homes today. This equity may allow some homeowners who are facing foreclosure, be able to escape that process and not have the financial impact that foreclosure entails.


As this summer housing market heats up, stay in touch with David Hittle – United Real Estate Louisville to keep you up to date on all the happenings.   


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 – Back on the Market) -

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 (Active) -

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: or a Free Seller’s Guide Here:


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:


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 had 30-Year Fixed Rate Mortgages fell to 2.80%, down 0.08 percentage points from last week’s (2 weeks ago’s) 2.90%, rates are getting super close to last year’s 2.99% though. 2.65% is the lowest ever seen since recording started back in 1971 and was obtained the first week of January 2021.
15-Year Fixed Rate Mortgages reached a record low of 2.10% down 0.02 percentage points from last week’s 2.12%. Average 15-year fixed rates last year were 2.51%.


This week in the Louisville and Lexington Kentucky area there were 3,370 (+63) homes & condos for sale, with the average days on market sitting at 20.70 (-0.1 Days). We are now at 0.97 (-0.05 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 June 2021 was $286,452 (Up $13,473 from May 2021), with Median Selling Price being $240,000 (Up $9,900 from May 2021). These numbers are up from last year’s $248,506 and $210,250 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
You can text me or call me at 502-489-1135
If you would please visit and LIKE my Facebook Page at We Have OVER 390 LIKES, 400+ FOLLOWERS!
I would also encourage you to visit my newly customized website at
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:
For Buying a Home:
For Buying Louisville Homes:    


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

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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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