Tag Archives: luxury homes kentucky

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 […]

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 […]

Our Featured Property in Lexington’s Sophisticated Living Magazine

Our featured property, 3860 Gloucester Drive in Lexington is featured in the November/December issue of Sophisticated Living Magazine. This 4,800 square foot home was designed by Pohl Rosa Pohl, it was custom-built in 2003 on a former tree nursery. Located just one mile from Keeneland and several minutes from downtown Lexington, these seven acres combine […]

Homeowners Staying in their Homes Longer

The typical American homeowner in 2019 had spent 13 years in their home, up from eight years in 2010. Median home tenure increased in all of the 55 metros Redfin analyzed. Many local governments have put policies in place that reduce property tax burdens for senior citizens, which have made it more affordable for older […]

Existing and New Home Sales Gain Momentum

Median Home Prices increase for the 91st straight month! Two very important housing reports last week showed some real strength in our housing market. The National Association of Realtor’s Existing Home Sales Report for September showed a small decrease in sales but that was only due to the fact that there are no houses to […]

Top Ten Metro Migration Locations

Twenty-six percent of home searchers looked to move to another metro area in the third quarter of 2019, up from 25 percent the year before, according to a new report from Redfin. This is a new all-time high for the national share of home-searchers looking to relocate, likely driven by those leaving expensive metros in […]