Author Archives: semoninblog
The majority of us know what it’s like living in the suburbs, but have you ever wanted just a small taste of what life in the city would be like? This weekend is your chance to get a glimpse of downtown Louisville living during the 13th annual Downtown Living Tour. Multiple downtown condos, apartments, and lofts that are currently for sale will be showcased for tourists to explore this Sunday, October 12th, from 10 a.m. – 3 p.m.
The Downtown Living Tour, held by the Louisville Downtown Partnership (LDP), is open and free to the public, and will include free parking at Louisville Slugger Field. Tour participants are encouraged to check in at Hardscuffle Gallery, at the Fleur de Lis Condos on Main, located at 324 East Main Street, where the tour will begin. Along the route, members of the Louisville downtown Residents Association will be present to share stories and experiences with tour participants and to answer any questions.
In the past decade, the amount of residential properties in downtown Louisville has greatly increased and more have expressed excitement about moving to the city. Attend the Downtown Living Tour and see for yourself what downtown living is all about!
Semonin Realtors® just raised the roof on its 17th Habitat for Humanity home. This year, Semonin partnered up with NTS to provide the substantial funding and volunteers needed for the build. The new home is located on West Muhammad Ali Boulevard in the Russell neighborhood and upon completion will go to new homeowner, Dorothy Webster, a 68-year-old mother of five, grandmother of ten, and great-grandmother of four.
Over the past year, Semonin Realtors® worked to raise funds through payroll and commission deductions, a dessert auction which collected over $12,000, a tailgating event, a bowl-a-thon, and a car wash. All-in-all, these efforts enabled us to contribute more than $35,800 toward the construction of this Habitat build. NTS also added to these funds with a generous donation of $10,000.
Despite a short delay due to weather, Semonin agents and staff successfully raised the roof on Dorothy’s new home, which will be fully completed by Habitat for Humanity of Metro Louisville in approximately 12 weeks. “Semonin agents and staff take great pride in the communities where we live and work, and this is an important way for us to give back every year,” said Brad DeVries, president and CEO, Semonin Realtors. “This new Habitat home is no exception and it is our distinct pleasure to work as a team with NTS and contribute to such a great cause.”
Semonin has been a devoted supported of Habitat for Humanity since our first build in 1993. Over the years, we have felt so honored to have the opportunity to give back to our community and our neighbors. “Semonin Realtors have sponsored more Habitat homes in Metro Louisville than any other corporation,” said Rob Locke, CEO of Habitat for Humanity of Metro Louisville. “The Habitat board, staff and homeowners are deeply grateful for the generous and faithful support of Semonin Realtors to build homes and change lives.”
As you can see from the following pictures, our volunteers had a BLAST during our 17th Habitat build and we are anxious to begin the fundraising for our 18th!
For more pictures, visit our photo album on our Facebook Page!
Leading up to 2014 real estate experts had very high expectations for the year’s market performance. Throughout the first half of 2014, however, those expectations were not met. Despite the lag in activity in the beginning months, which is likely due to the harsh winter weather and high consumer doubt, over the summer the national housing market has shown a steady increase in activity. HomeServices of America has developed and released a national perspective of the residential housing market, stating “we anticipate a robust second half of 2014” as housing inventories approach healthier levels.
During and after the recession, housing marketing throughout the country had an extremely high amount of distressed properties. It was private equity and investors that primarily drove the real estate market into recovery. This tactic of fueling market recovery, however, was a short-term resurgence. While investors removed a large amount of distressed properties from the market—which helped return property values to where they should be—once they did, recovery depended on the more traditional cycle. Fortunately, consumer confidence is on the rise. This is vital for the real estate market, because if people are fearful about buying and selling homes, than they simply won’t. According to HomeServices of America along with this increase in consumer confidence, the real estate activity is being led more by homeowners, instead of driven by investors or banks dealing with distressed properties. They have noted that more consumers are buying homes as their own residences and more homeowners are selling their own properties. This trend is a great sign that the real estate market will only continue to thrive.
The housing industry is made up of a number of segments, each of which is experiencing different paths to recovery. For example, luxury properties have displayed a strong sense of recovery, with good sales recorded in many markets nationwide; however, the sales of mid-priced residential properties have not been showing the same enthusiasm. Buy looking at the most recent price-branded reports for the Louisville, Southern Indiana, and Elizabethtown markets shown at the bottom of this post, you see that the majority of homes that sell in the area are in the $125k-$150k range, with less than 3% of homes selling for more than $500k in the Louisville market. This could be why we hear of many other markets undergoing a quicker recovery than we are.
Strong sales of luxury properties is most likely due to a number of factors that affect the buyers and sellers in this market segment. A large portion of this segment are made up of first-time homebuyers who are struggling with getting a loan due to strict credit standards and student loan debts, which has recently shown a dramatic uptick cross the country. The mid-market segment is also facing lower inventory levels which cannot keep up with the demand that is higher than other market segments. Real estate experts are hopeful that these issues will subside, especially as more and more buyers are seeking professional and quality loan officers to assist them through the process of getting a mortgage loan. With the guidance and expertise of such loan officers, more homebuyers are taking the right steps, such as getting pre-qualified for a mortgage prior to shopping for homes.
Americans are beginning to once again become confident and enthusiastic towards real estate. According to a 2014 survey by Gallup, more Americans consider real estate to be the best long-term investment, ranking above gold and stocks. The fact that consumers are still seeing the value in homeownership is a great indicator that things will continue to improve. While we are still a ways away from achieving full recovery, the signs are pointing in the right direction. Assuming that job creation and the overall economy will continue to grow, the momentum of real estate market is anticipated to continuously pick up speed through the rest of 2014.
The Semonin Realtors® all-company event held yesterday, August 20th, at Kingpin Lanes was nothing less than a huge success and a whole lot of fun! From 10a.m. to 2p.m., Semonin staff, agents, families, and clients put their bowling shoes on and enjoyed a great afternoon of fun, food, and strikes! Funds raised by bowlers, raffle tickets, and a bake sale exceeded $2,500 for Habitat for Humanity.
We had over 90 participates and gave away over 60 raffle prizes. We would like to thank everyone who helped us make this great event a success, with a special shout out to King Pin Lanes and their wonderful staff and to 2-10 warranty for sponsoring this event and allowing us to give 100% of all the proceeds to Habitat for Humanity. We can’t wait to start building our 17th Habitat home next month!!
To view the full photo album visit our Facebook Page!
Matt Kinsey, a former Army sergeant and member of the Wounded Warrior Amputee Softball Team, and his girlfriend Christina were the recipients of a remodeled house courtesy of Wells Fargo. Matt and Christina received the keys to the house yesterday, enabling them to see it for the first time. Semonin agent Jay Wyzard was instrumental in the process. Matt is most deserving of this fantastic house in New Albany and Semonin is honored to have had a special part in it.
At Semonin Realtors, we strive to lead differently, teach relentlessly, and serve passionately. To be able to give back to those who serve our country is so meaningful to the Semonin family. In further efforts to assist our military moving in or out of the Kentuckiana region, Semonin Realtors participates in the U.S. Military of the Move program to say thank you to all our service men and women. This program allows military active duty, retired (20 years of service) and wounded warriors to earn cash back when they buy or sell a home with Semonin Realtors®.