Tag Archives: central ky realtors

Existing Home Sales up 9.6% from last Year, Home Prices Increase

Existing home sales up

According to the January National Association of Realtors Existing Home Sales report, Existing Home Sales were 5.46 million units which is a 9.6% increase from this time last year. Lawrence Yun, NAR’s chief economist, finds the outlook for 2020 home sales promising “Existing-home sales are off to a strong start at 5.46 million.” Yun said. […]

The Right Fence Can Enhance Your Property

The Right Fence Can Enhance your Property

A fence can serve a number of purposes for your home and its surrounding property. Privacy, safety and landscape enhancement are all factors that should weigh into your fencing choice. A fence can do double duty as an attractive feature while also keeping trespassers at bay and children and pets safely enclosed. Fences come in […]

Most Walkable Neighborhoods in Lexington

Most Walkable Neighborhoods in Lexington, KY

Higher walkability equals higher profit margins when it comes to home sales, according to a new report from Redfin.The report found that homes within walking distance of schools, shopping, parks and other amenities sell for an average of 23.5%, or $77,668, more than properties that are car-dependent.While homebuyers will pay more for walkability, that premium […]

Freddie Mac’s Housing Forecast Rosy for 2020

Freddie Mac's Housing Forecast Rosy for 2020

The housing market will hold steady this year, according to the Freddie Mac December Forecast. You can read their official report here. Freddie Mac expects home sales to jump from 6 million in 2019 to 6.2 million in 2020 and to 6.3 million in 2021. Price growth will likely continue to decelerate through 2021, with […]

New Home Sales Improve

New Home Sales Improve

Median Sales Prices Jump to $330,800. Sales of newly built homes rose in November according to the U.S. Census Bureau and Department of Housing and Urban Development (HUD). New home sales increased by 1.3% from October for an seasonally adjusted annual rate of 719,000. Last year, this was much lower at 615,000, so this is […]

Home Builder Sentiment Best in 20 Years

A stronger economy and a severe housing shortage have the nation’s home builders feeling better than they have in two decades. Builder confidence in the newly built, single-family home market jumped 5 points in December to 76, the highest reading since June 1999, according to the National Association of Home Builders Housing Market Index. Anything […]

Loan Limits Raised

Many homebuyers can now get a Conventional mortgage rather than a Jumbo mortgage. Fannie Mae and Freddie Mac have announced their new (and higher) conforming loan limits for 2020 and the good news is that more home buyers will be able to purchase a home via a conventional mortgage than being forced to obtain a […]

Tips To Sell Your Home In Winter

Winter is just around the corner and while houses usually do not sell as well in winter as in the warmer seasons, there are some things you can do to to make buyers more likely to visit your open house. Here are several things to try when selling your home in winter. Clear Snow This […]

Existing Home Sales and Prices Increase

Existing-home sales rose in October, according to the National Association of Realtors. The four major U.S. regions were split last month, with the Midwest and the South seeing growth, and the Northeast and the West both reporting a drop in sales. Total existing-home sales are completed transactions that include single-family homes, townhomes, condominiums and co-ops.  […]

Bidding Wars

Report shows over 10% of homes for sale have multiple bids. Nothing makes a seller feel better and a home buyer feel worse than a bidding war. This is when multiple offers come in, driving up the price of the property for sale. Historically low unemployment rates, rising wages and mortgage rates that are lower […]