Category: Local Intelligence

HousingIQ Survey of Kentucky REALTORS® – March 2021

admin on April 7, 2021

Kentucky Home Price Growth To Moderate On Low Inventory
Opportunity for single-family rental investors as first-time buyers get priced out

Fewer than two in five Kentucky REALTORS® expect house price appreciation to exceed that of the last twelve months, according to the March 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Less than one-half of the 337 REALTORS® from across Kentucky, expect their sales volume to increase over the next twelve months.

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HousingIQ Survey of Kentucky REALTORS® – February 2021

admin on March 7, 2021

Kentucky Housing Market Roars Into Spring
Hot seller’s market to worsen buyer affordability challenges

Fifty-two percent of Kentucky REALTORS®anticipate more houses to sell above the asking price over the next twelve months, according to the February 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Forty-five percent of the 231 REALTORS® from across Kentucky, said buyers were dropping out because of high prices.

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Kentucky mom-and-pop landlords getting squeezed

admin on February 11, 2021

Eviction moratorium, financially struggling tenants, uneven government assistance, and steady expenses take their toll on mom-and-pop landlords.

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HousingIQ Survey of Kentucky REALTORS® – January 2021

admin on February 4, 2021

Kentucky Housing Market Heats Up
Houses to sell faster as foot traffic picks up

Thirty-two percent of Kentucky REALTORS® anticipate more houses to sell above the asking price over the next twelve months, according to the January 2021 edition of the HousingIQ Survey of Kentucky REALTORS®. Forty-six percent of the 265 REALTORS® from across Kentucky, reported a decrease in the number of motivated sellers compared to last Fall.

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HousingIQ Survey of Kentucky REALTORS® – December 2020

admin on January 8, 2021

Kentucky Housing Market Starts Year On Strong Note
Buyers grapple with affordability as homeowners confront financial uncertainty

Fifty-three percent of Kentucky REALTORS® anticipate higher sales volume over the next twelve months, according to the December 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Sixty percent of the 242 REALTORS® from across Kentucky, anticipate an increase in short sales over the next twelve months.

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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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