With a high demand for space and tranquility, suburban living is shaping the United States housing market in a big way. As cities become more crowded and expensive, many families and individuals are turning to the suburbs for a better quality of life. The pandemic has also had an enduring effect, with many people experiencing more flexibility with working options. Here’s how suburban living influences housing market trends across the US and the world.
As we embark on the journey into 2024, the dynamic global real estate landscape is poised to undergo continued evolution, shaped by powerful technological innovation and economic forces worldwide. Navigating this ever-changing environment will require foresight and strategic thinking from real estate entrepreneurs and investors. In this piece, we’ll look at five big trends in real estate for 2024.
Wonder what’s in store for real estate in 2024? Read on!(more…)
Inflation in the rental market can make it difficult to make ends meet for Louisville renters, and the costs of renting properties in this city are incredibly high. You may be wondering how you’re doing getting through this. But there is some good news. In this piece, we highlight five ways that can help Louisville renters combat inflation.
Apartments in Louisville and nearby Indianapolis (pictured) have experienced substantial increases in rent over the past three years. | Photo: Tre Pryor(more…)
There are many new realities we face in the aftermath of the pandemic and the decisions made by our political leaders. An obvious one is that the pandemic started a migration trend. Americans are moving away from major metro areas and instead are moving to the suburbs or smaller cities.
Louisville is the largest city in Kentucky and one of the highest populated cities in the country. The Louisville rental market has received a lot of praise for its rental market and affordable housing for the past few years. According to most real estate experts in Kentucky and nationwide, the general forecast is that the Louisville rental market will outperform other markets in 2022.
As energy costs rise in Louisville, homebuyers are looking for energy-efficient homes. These are the top energy-efficient home trends that are catching the attention of buyers in Kentucky. If you’re thinking about buying and selling property any time soon, you won’t want to skip this list!
There are many ways to make today’s home energy-efficient. | Photo: Tre Pryor(more…)
It’s been a blessing to be asked to appear on our local news stations over the years. Today was another such day. We covered several topics including the historically low number of listings and how there are too many Realtors for that low amount.
Here’s a screenshot of me appearing on the NBC local affiliate Wave3 news to talk about local real estate.
Today’s topic was the disturbingly low level of housing inventory in our market. It’s so low that it’s clear many real estate agents will be out of a job before year’s end.
We haven’t published as many real estate market charts in recent years. More people are looking for home improvement, interior design, or general real estate advice pieces. But that doesn’t mean we can’t throw one in for fun every so often, right? So here’s the newly updated Louisville home sales chart for the period 2002 through 2021.
Louisville home sales chart updated through 2021.(more…)
This article is going to highlight the current real estate trends that are affecting the United States today. Due to the pandemic but even more so to the responses made by governments and businesses, there are a large number of patterns emerging. Such as families confined to their homes are yearning for more space. Landlords fear not collecting rent from those facing unemployment. More commercial property has remained vacant than in recent years.
Larger spaces are becoming more sought after by families spending more of their time in their homes.(more…)
You’ve found one of our favorite annual topics. Honestly, who doesn’t love to look at the amazing properties we’d all like to own? I’ve been writing this post since 2013 and it’s a lot of fun! If you’re interested, you can check out the most recent one: Most Expensive Homes in Louisville Kentucky. That was from 2019. In 2020 something big was happening so I just didn’t have the time. Now what was that… just kidding, we all know that 2020 was insane. Let’s forget that and get to the good stuff!
So… this is how the other half lives. Yeah, I could get used to it!(more…)
I’ve been writing a “Best Bang for Your Buck” article since 2014. (If you’re interested, I’ll link them at the bottom of this piece.) Somehow I missed writing last year’s article. Something must have interrupted my thinking *cough* *Covid* *cough*. Well, I’m not going to let that disrupt me again! So without further ado, here’s the most current data you can find on Louisville real estate prices by area.
Springhurst continues to be a great value for its prime location.(more…)
The real estate market is an area that will never be without peaks and troughs. There are many interesting trends to keep an eye out for, especially if you are involved in the luxury condo market. These luxury condo trends are often aimed at a more affluent demographic. They have more disposable income, but also higher expectations with their living accommodations.
Smaller spaces are becoming more acceptable today than in the past.(more…)
Buying a home can be one of the biggest purchases of your life. Sometimes you find your dream home and can afford it. However, in most cases, your dream home is more expensive than you thought. Don’t forget about all those extra costs and fees. That’s why you might need help. Let’s look at the five best Federal first time homebuyer programs available today.
I believe this is my fourth interview with local news sources. I'm happy that they consider real estate expert Tre Pryor a source for their stories. Always happy to share…
The coronavirus and the restrictions mandated by our political leaders have challenged livelihoods and affected the masses across the globe. The damage has been historic. Most profound may be the fear that has been instilled into our minds. Social distancing and wearing face masks are just the beginning. People are rethinking almost everything in their lives. Many are now moving to the suburbs due to the pandemic to enjoy greater space and privacy. Relocation is now a growing topic on many people’s minds, maybe even yours.
Think about it. People are moving away from crowded cities to more open-spaced suburbs to keep themselves safe. Safety is perhaps the primary keyword of 2020. Social distancing is on everyone’s minds therefore, less crowded places are simply safer. Added benefits are increased privacy, serenity, and less noise.
However, the decision to move to the suburbs means we should consider some important issues. Careful consideration is necessary. That’s what this article is all about. We will list the things you should know before packing up so that you’re making an informed decision. Let’s begin!
