Investors with cash edging out Kentucky home buyers

Hopeful homeowners who are already struggling with low inventory and higher prices must now confront an additional challenge: investors.

Real estate professionals are noting investor interest in homebuying has been on an upward trend for months. According to the numbers tracked by the HousingIQ Survey of Kentucky REALTORS®, 31% of the respondents in the January survey said investors had outbid their individual buyers. By the February survey, 42% of the respondents reported the occurrence. By March, responses indicated an 18-point jump since the beginning of the year, with 49% of the respondents saying that investors had squeezed out individual buyers.

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HousingIQ Survey of Kentucky REALTORS® – March 2022

Housing Market Cooling Down Say Kentucky REALTORS®
Spiking mortgage rates price buyers out of the market, creating opportunities for investors

Forty-eight percent of Kentucky REALTORS® expect houses to stay on the market for longer, while thirty-three percent anticipate less foot traffic, according to the March 2022 edition of the HousingIQ Survey of Kentucky REALTORS®.

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HousingIQ Survey of Kentucky REALTORS® – February 2022

Kentucky REALTORS® Anticipate Hot Spring Market
Demand from investors to fuel bidding wars as supply remains at historic lows

Thirty-four percent of Kentucky REALTORS® say more houses will sell above the asking price, while thirty percent anticipate an increase in foot traffic, according to the February 2022 edition of the HousingIQ Survey of Kentucky REALTORS®.

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HousingIQ Survey of Kentucky REALTORS® – January 2022

Kentucky REALTOR® Confidence Inches Up In January
Sellers eager to cash in as buyers rush to lock in rates

Two out of five Kentucky REALTORS® say buyers are rushing to beat mortgage rate increases while REALTOR® expectations of house price growth continue to moderate, according to the January 2022 edition of the HousingIQ Survey of Kentucky REALTORS®.

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HousingIQ Survey of Kentucky REALTORS® – December 2021

Kentucky REALTOR® Confidence Holds Steady In December
Softening homebuyer demand to rein in price growth

A majority of Kentucky REALTORS® expect an increase in sales volume in the next year even as house price growth expectations ease, according to the December 2021 edition of the HousingIQ Survey of Kentucky REALTORS®.

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HousingIQ Survey of Kentucky REALTORS® – November 2021

Kentucky REALTOR® Confidence Rises In November
House price growth to moderate as market continues to turn buyer-friendly

Kentucky REALTORS® expect an increase in sales volume in the next year even as the market continues to turn buyer-friendly, according to the November 2021 edition of the HousingIQ Survey of Kentucky REALTORS®.

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HousingIQ Survey of Kentucky REALTORS® – October 2021

Kentucky Housing Market To Hold Steady
Low housing supply and demand from investors to keep prices stable

Although economic concerns are tempering homebuyer enthusiasm, anticipated increases in home purchases by corporate investors will help hold the housing market steady in Kentucky, according to the October 2021 edition of the HousingIQ Survey of Kentucky REALTORS®.

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HousingIQ Survey of Kentucky REALTORS® – September 2021

Kentucky Housing Market Steadies
Investor demand to keep housing market strong as price growth slows

Sixty-seven percent of Kentucky REALTORS® anticipate an increase in home purchases by investors, according to the September 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Forty-four percent of the 243 REALTORS® from across Kentucky expect house prices to increase over the next twelve months, while forty-nine percent expect greater price cutting.

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HousingIQ Survey of Kentucky REALTORS® – August 2021

Kentucky Housing Market Continues To Cool Down
Buyers willing to wait as sellers adjust pricing

Seventy percent of Kentucky REALTORS® said that their buyers were waiting for prices to stabilize, according to the August 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Fifty percent of the 309 REALTORS® from across Kentucky expect greater price-cutting by sellers over the next twelve months, while thirty-two percent expect more houses to sell below the asking price.

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