Real Estate Trends/Statistics

Posts about Real Estate Trends or Real Estate Statistics

New Generation Prefers Renting Over Buying a Home

Out with the old, in with the new. It is undeniable that each generation has affected the shape of the market differently in its era. Thus, with the Millennials overtaking the market, and with the unfolding of the new generation leaf, Generation Z, marketers have lots of things to consider. So, why are many renting over buying a home?

Photo of a woman eating in bed
Photo by Toa Heftiba

Businesses should know how to approach their consumers. With this said, it is crucial to understand how the new generation thinks when it comes to buying necessities and how they perceive expenses. 

As you delve deeper into this article, you will find out why the newer generations, both Millennials and Generation Z, are often finding an apartment over buying a home.

(more…)

Continue ReadingNew Generation Prefers Renting Over Buying a Home

Top 5 Smart Home Trends for Your Next Kitchen Remodeling

If you’re looking to remodel your kitchen, then you have come to the most appropriate time. With the rise of technology and the moves at an unprecedented pace, you have a slew of options to choose from to make it a space in which you can live and operate in the most convenient way. In this piece, we’ll be looking at the hottest smart home trends.

Photo of a smart kitchen
Photo by Mark McCammon
(more…)

Continue ReadingTop 5 Smart Home Trends for Your Next Kitchen Remodeling

Amazing Millennial Real Estate Trends In 2020

Real estate markets can be unpredictable. But there are certain commonalities related to shifts in human populations—specifically as regards mainstream generations. A human generation is typically about twenty years. Going further there’s a general life arc that tends to have a seventy-year expectation attached to it. This piece looks specifically at the millennial generation and millennial real estate trends we can expect in the coming year.

Photo of a young man with some credit cards
Millennials may be the most unique generation we’ve had in quite some time. Image by SD5432SD
(more…)

Continue ReadingAmazing Millennial Real Estate Trends In 2020

Real Estate Forecast for 2020, Global Trends

In 2019, the housing market experienced low rates, limited supply, and high demand, especially in properties in the lower price range. Is the real estate forecast for 2020 going to be the same? The short answer is yes and no.

2020 graphic

According to real estate, mortgage, and housing experts, the new year is expected to bring a mix of the old and some fresh vigor. Below is a snippet of what is in store for you in the year 2020. 

(more…)

Continue ReadingReal Estate Forecast for 2020, Global Trends

What Every Seller Should Know About Today’s Home Buyers

There are more ways to buy a home today than ever before. It’s crazy! In the past, people generally hired an agent or went it alone. Today, we still have those options but now there are many more choices down both paths. If you’re thinking about selling your home this year (or in the future) keep reading. This expert advice will help you better understand what’s happening in the minds of today’s home buyers.

Photo of a beautiful neighborhood of homes - What Every Seller Should Know About Today's Home Buyers
Do you think home buyers will be able to find your home’s listing online?
(more…)

Continue ReadingWhat Every Seller Should Know About Today’s Home Buyers

Best Places to Buy a House in Louisville Kentucky

In years past, I titled this annual post “Bang for Your Buck by Neighborhood.” I started this concept in 2014 when I wrote for Insider Louisville. And it’s simply incredible to see how far we’ve come in just four years. I mean, stop and think about it. When you are thinking about the best places to buy a house in Louisville, it really starts with your budget.

Photo of home in Glenview, Louisville KY
Glenview is home to some of Louisville’s most amazing properties.
(more…)

Continue ReadingBest Places to Buy a House in Louisville Kentucky

2018 Best Kentucky Counties for Real Estate

Once a year I run the numbers to see which are the best Kentucky counties for real estate. I do this by looking at the average sale prices over time for counties that are in and around Louisville, Kentucky. Sorry, the rest of the state!

So it’s that time of year again. The numbers have been crunched. The charts were prepared. Let’s dig in!

(more…)

Continue Reading2018 Best Kentucky Counties for Real Estate

Almost 30% Gains in Louisville Home Values in Past Decade

A friend of mine shared this story about how California home prices are hitting their highest point recently. As I was reading, I thought, “Yeah, so have we here in Louisville.” Immediately, my next thought was, “I wonder how Louisville Home Values match up?”

Photo of homes in Indian Springs, Louisville Home Values
Louisville home values have changed a great deal in the past decade but maybe not the way you might have imagined. | Photo: Tre Pryor

Well… that’s the easy part.

First, I grabbed the chart from the California story.

California home prices chart
As you can see, this chart goes back to 2007, a few years before the housing crisis.

Louisville Home Values: 2007-2017

Then, I went to collect all the same data for Louisville, Kentucky. Going a step further, I wanted to see both Average Home Sale Prices, as well as, Median Home Prices. Why not, right?

(more…)

Continue ReadingAlmost 30% Gains in Louisville Home Values in Past Decade

The Best Month to Sell Your House May Surprise You

It’s no secret I’m a numbers geek. I believe if done correctly, stats tell us a great deal. So, I was quite surprised to see these results. After I collected all the data to determine the best month to sell your house I was blown away. Curious?

Photo of a home in Beech Spring Farm neighborhood in Louisville Kentucky
When selling your house, targeting a particular month or two can reap major rewards! | Photo: Tre Pryor
(more…)

Continue ReadingThe Best Month to Sell Your House May Surprise You

Best Bang for Your Buck in Louisville Real Estate 2017

Each year I update the data required to determine, where is the best bang for your buck in Louisville real estate. I began this practice back in 2014. I’ve added a couple of new Louisville real estate areas to the mix but what has been most striking was the contrast between the most expensive areas and the best values.

Louisville map with the best bang for your buck real estate areas by price per square foot
With this handy map, we can quickly see where your Louisville real estate dollars go the farthest.

Except, this year that’s not the case.

(more…)

Continue ReadingBest Bang for Your Buck in Louisville Real Estate 2017

Most Expensive Louisville Homes in 2016

During the course of 2016, there were 17,882 properties sold via our MLS system. 15,725 of these were your standard, single-family residences (SRF)… the rest fall under different structural varieties.

Out of this vast array of Louisville real estate properties, just 44 sold for $1,000,000 or more. 34 of these most expensive Louisville homes were SFRs, then 6 farms, 3 condos, and 1 controversial property finally sold via auction.

For this piece, let’s focus on the most incredible homes that traded hands last year. Who’s with me? Want to know which was the most expensive home sold in 2016? Here we go!

(more…)

Continue ReadingMost Expensive Louisville Homes in 2016

Louisville Mortgage Rates and Your Home Purchase

Mortgages are highly specialized financial products. The actual interest rate you pay will be based on a number of factors. The following are sure to be part of the picture:

Photo of home in Monticello Place Louisville KY. | Photo by Tre Pryor
Louisville mortgage rates play a large role in determining how much home you can ultimately purchase. | Photo by Tre Pryor.
(more…)

Continue ReadingLouisville Mortgage Rates and Your Home Purchase