Blog Archives

Louisville, Elizabethtown, and Southern Indiana Real Estate Statistics for December 16, 2012

121612Click here or on the image to the left to view current real estate statistics for things such as Shelbyville KY homes for sale, Fort Knox real estate, New Albany IN homes for sale, and many, many more.

  • You’ll see the number of active listings.
  • You’ll learn about how many homes have sold in these areas in the last 30 days.
  • You can find out the average price homes sold for in the last 12 months.

That’s certainly not all!  Learn more about area real estate statistics by visiting this site for weekly updates.

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5 Reasons to Buy a Home Now

5 Reasons to Buy a Home Now

Originally posted by THE KCM CREW oat http://www.KCMblog.com

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:

Supply Is Shrinking

With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don’t miss the opportunity to get that ‘once-in-a-lifetime’ buy.

Price Increases Are on the Horizon

Prices will bounce along the bottom this winter. However, projections call for appreciation after that. Several studies and surveys call for price increases over the next few years starting in 2013. One such survey shows that prices will increase over 10% by 2016.

Rents Are Skyrocketing

Rents historically increase by 3.2% on an annual basis. A study issued earlier this year projects rent increases of 4% for the next two years. Trulia recently reported that rents this year have actually shot up by 5.4%.

Interest Rates Are at Historic Lows

Federal Reserve Chairman Ben Bernanke has kept interest rates low in an effort to stimulate a lethargic economy. He understands that low rates will help housing and housing is a key to bringing back the economy. As the economy approves, the need to keep rates low will no longer exist. The 30-year-mortgage rate before the financial crisis was 6.57% (August 2007).

Buy Low, Sell High

We would all agree that, when investing, we want to buy at the lowest price possible and hope to sell at the highest price. Housing can create family wealth as long as we follow this simple principle. Today, real estate is selling ‘low’. It’s time to buy.

Poll: What is the Most Expensive Item You Have Purchased for Your Home?

Need a new home in which to put your most expensive items?  Click here to begin your home search.

Which Tech Gadgets or Services Help You With Your Home Search?

Mortgage Rates for May 15, 2012

Below you can see the mortgage rates from May 15, 2012.  
Please click the image below to view additional mortgage rates.  


These rates are provided to you by HomeServices Lending.  Semonin Realtors® is not a mortgage lender; please contact HomeServices Lending directly to learn more about its mortgage products and your eligibility for such products.

Poll: What “House” Song Reminds You of Home?

“Ain’t got no home?”  Click here to start your search!

Mortgage Rates for April 24, 2012

Below you can see the mortgage rates from April 24, 2012.  
Please click the image below to view additional mortgage rates.

These rates are provided to you by HomeServices Lending.  Semonin Realtors® is not a mortgage lender; please contact HomeServices Lending directly to learn more about its mortgage products and your eligibility for such products.

National Housing Survey 2012

Posted by The KCM Crew: www.KCMBlog.com

Each quarter, Fannie Mae releases their National Housing Survey. They survey the American public on a multitude of questions concerning today’s housing market. We like to pull out some of the findings we deem most interesting each time it is released. Here they are for the most recent report:

84% of the general population believes that owning a home makes more sense than renting.

The Most Important Reasons to Buy a Home

When we talk about homeownership today, it seems that the financial aspects always jump to the front of the discussion. However, the study shows that the four major reasons a person buys a home have nothing to do with money. The top four reasons, in order, are:

  1. It means having a good place to raise children and provide them with a good education
  2. You have a physical structure where you and your family feel safe
  3. It allows you to have more space for your family
  4. It gives you control of what you do with your living space (renovations and updates)

The Home as an Investment

Though most people purchase a home for non-financial reasons, everyone realizes there is a money component to homeownership. Here is what they said on this issue:

  • 63% of the general population believes that homeownership is a ‘safe’ investment.
  • 53% believe that homeownership has more potential as an investment than any other traditional asset class.

Rent vs. Buy

We are always interested in the difference people see in renting vs. owning.

  • 64% of renters have aspirations to someday own their own home
  • 70% of renters think that owning is superior to renting

Bottom Line

Our belief in the value of homeownership grows each time this survey is released.

Mortgage Rates for February 21, 2012

Below you can see the mortgage rates from February 21, 2012.  
Please click the image below to view additional mortgage rates.

These rates are provided to you by HomeServices Lending.  Semonin Realtors® is not a mortgage lender; please contact HomeServices Lending directly to learn more about its mortgage products and your eligibility for such products.

Regional Market Snapshot for January 1, 2012

Please click the image below to view real estate information for Louisville homes for sale, Southern Indiana real estate, Elizabethtown houses, and other local area real estate markets.

 

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