HousingIQ Survey of Kentucky REALTORS® – November 2020

admin on December 4, 2020

Kentucky Home Price Growth To Moderate
Buyers getting priced out of the market, and sellers pulling back because of economic concerns

Forty-two percent of Kentucky REALTORS® said that rising prices had forced their buyers out of the market, according to the November 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Forty-nine percent of the 261 REALTORS® from across Kentucky said that their sellers had pulled back because of economic uncertainty.

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Kentucky Attracts Out-Of-State Homebuyers

admin on November 8, 2020

Nearly 2 out of 5 REALTORS® say there is greater interest from out-of-state buyers.
Homebuyers from the West and Northeast represent the largest group.

The Bluegrass state’s lower cost-of-living, comparatively more affordable housing, and convenient location to Cincinnati, OH, Nashville, TN, and St. Louis, MO likely make it an attractive destination as working remotely becomes more widespread.

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HousingIQ Survey of Kentucky REALTORS® – October 2020

admin on October 31, 2020

Kentucky Housing Market Cooling Off
Sellers reducing prices amidst concerns about COVID-19 resurgence and priced out buyers exiting market

Thirty-four percent of Kentucky REALTORS® said their sellers were reducing prices to attract buyers, according to the October 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Twenty-eight percent of the 324 REALTORS®, from across Kentucky, said renewed fears of COVID-19 were dampening buyer interest.

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HousingIQ Survey of Kentucky REALTORS® – September 2020

admin on September 30, 2020

Kentucky Housing Market Showing Early Signs Of Cooling
Houses anticipated to stay on market for longer as fewer houses expected to sell above asking price

Twenty-nine percent of Kentucky REALTORS® reported that tightening mortgage standards were discouraging their buyers, according to the September 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Twenty-eight percent of the 204 REALTORS®, across Kentucky, expect an increase in the number of price reductions.

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HousingIQ Survey of Kentucky REALTORS® – August 2020

admin on August 31, 2020

Kentucky Home Price Growth To Moderate
Bidding Wars Discouraging Buyers
Potential Sellers Opting To Refinance

Fifty-eight percent of Kentucky REALTORS® reported that some of their sellers were opting to refinance instead of selling, according to the August 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Eighty-seven percent of the 264 REALTORS® from across Kentucky, reported that the bidding wars were discouraging some of their buyers.

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HousingIQ Survey of Kentucky REALTORS® – July 2020

admin on July 31, 2020

Kentucky Home Price Growth To Moderate
Potential Sellers Held Back By Inability To Buy Another Home

Sixty-eight percent of Kentucky REALTORS® said that the pent-up demand from spring had not eased up and demand was now stronger than this time last year, according to the July 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Only two out of five of the 336 REALTORS® from across Kentucky, expected home prices to increase more than the last twelve months.

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HousingIQ Survey of Kentucky REALTORS® – June 2020

admin on June 30, 2020

Kentucky Homebuyer Enthusiasm To Push Prices Higher
Slower Pace of New Listings Forcing Bidding Wars

Forty-five percent of Kentucky REALTORS® said that a greater number of their buyers were returning to the market according to the June 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Sixty-five percent of the 344 REALTORS® from across Kentucky reported that their buyers were not expecting lower prices.

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HousingIQ Survey of Kentucky REALTORS® – May 2020

admin on May 29, 2020

Kentucky Homebuyers Bid Up Prices as Sellers Hold Back

Over three out of five Kentucky REALTORS® – 61% – said that their sellers were holding back listings due to current economic uncertainty, according to the May 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Almost 60% of the 374 REALTORS® from across Kentucky reported that their buyers had started to return to the market.

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Five Housing Markets at Greatest Risk from Oil Price Plunge

admin on May 4, 2020

We’ve all heard the jokes.  I went to the gas station and asked for five bucks worth of gas.  They gave me a tanker. Yes, lower prices at the pump are nice.  But too low and it starts to hurt producers, who have to cut back on output and investments. Layoffs ensue, jobs disappear, bankruptcies follow, suppliers suffer, …  And none of that is ever good for the economy and housing market.  Certainly not during a pandemic.  But it might happen. 

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HousingIQ: Q1 2020 Housing Market Vitality Highlights

admin on May 1, 2020

Entering the spring home-buying season, the housing market had firmly recovered from Spring 2019 lows

The March data does not show the full impact of “stay-at-home” or similar orders that started to affect most Americans by late March. The April data will no doubt reflect that nearly 90% of Americans were effectively told to not venture outside. What remains to be seen is how the forced unemployment, financial relief to consumers and businesses, and the pandemic’s longer-term impact on the shape of the economy, interplay to affect the housing market. 

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