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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
How Global Uncertainty is Impacting Mortgage Rates
Dated: March 13 2022
Views: 25
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As Spring has sprung up in our area, we are seeing a continued interest in homeownership in the housing market. Nationally, list prices have reached record highs for this time of the year. Locally, our limited inventory is causing competition amongst home buyers to be even more intense. Selling a home in this type of atmosphere is fun, and culminates in a nice check at closing. The trouble is finding the next home... However, new construction may offer relief. As a homeowner, making your home ready to sell, while having your new construction home built may be the perfect solution. Your Realtor can ensure that the paperwork is done right, to prevent you from owning two homes at the same time and paying two mortgages. If you are ready to make some moves, connect with David Hittle to get started.
This week, mortgage interest rates, according to Fannie Mac, jump to a rate of 3.85% against last week’s 3.76%. The reason given was continued uncertainty about world events. Mortgage interest rates are still projected to rise and are projected to be between 4 and 5% by years-end.
For February in the Louisville/Lexington Market there were 2,635 (-4) Active & Pending Single Family Homes/Condos with 1,117 (+40) Sold.
There is a 42.20 (-0.2) average days on market in our area with 0.86 (-0.02) Months of Inventory Available.
January 2022 saw an Average Selling Price for a home at $268,544 compared to $251,085 in January 2021. - About a $17,000 gain in 1-year.
1084 Homes were sold in January of 2022 compared to 1196 in Janaury of 2021.
Median Selling Price for homes in January of 2022 closed at $225,000 compared to $210,000 in January of 2021.
Mortgage interest rate projections have already been hit, and eclipsed, as rates head closer to the 4% range. While rates will continue to fluctuate, my projections are putting rates between 4 and 5% by the end of the year.
These higher interest rates will cost home buyer's additional money in interest. You can avoid the interest hikes by locking in your rate today, or if you currently own your home and will benefit from a refinancing, refinancing at today's historic rates.
Give me a call today, so we can discuss all of your options and get you on the right path to Homeownership and the American Dream!
David Hittle, 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....
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Data last updated: September 12, 2026 9:25 AM 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.
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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
