Real Estate Review Casual Conversation Market Update Your Home's Review
Tim Moore | REALTOR® 502.741.7646 | tmoore@semonin.com
"Successful buyers are...
prepared, ready to make decisions, and know that finding a home is NOT a selection process... it is an elimination process"
"Successful sellers are...
sufficiently motivated to go through the challenges of marketing and selling their home in order to make a move."
Real Estate Review Casual Conversation What's been happening Professionalism... I'm a REALTOR® Market Update National, State, Region, County Inventory, Rates, Sales Prices 2022 Forecasts Your Home's Review Neighborhood Update Home Valuation Range If you sold, what next Home Preparation Buying and Selling Plans
Casual Conversations
Catching up over a beverage of choice, sharing our life a bit
Still, I'm a REALTORS®, with a code of ethics to follow... what is said in a review, stays confidential... ALWAYS.
Market Update Market Update National, State, Region, County Inventory, Rates, Sales Prices 2022 Forecasts
Marketplace Drivers FRED | FHFA Appreciation Inventory Sales Price (Average|Median) Interest rates and the economic predictions
1
US set for fast rebound (4.5% growth) Housing Market Strong Federal Reserve to pursue expansionary policy Bottom Line Very STRONG Outlook
Millennials buying homes in large numbers New construction lagging years behind HISTORICALLY low inventory of homes for sale
2
Interest Rates
Bottom Line Very LOW Inventory
3
Housing Inventory
The Economy
What Drives the Marketplace
50 year lows in mortgage interest rates Price appreciation negates low rate benefits Low rates predicted to continue past 2021 Bottom Line Very FAVORABLE Rates
Market Appreciation
On average, a home is the largest single investment in the USA
Average US housing appreciation since 2000 2005 - 50% | 2010 - 30% | 2015 - 53% | 2020 - 108% | 2021 - 146% Seattle, WA 2005 - 54% 2010 - 43% 2015 - 86% 2020 - 190% 2021 - 243%
Louisville, KY 2005 - 22% 2010 - 22% 2015 - 37% 2020 - 84% 2021 - 112%
Boise, ID 2005 - 48% 2010 - 13% 2015 - 66% 2020 - 220% 2021 - 339%
Kentucky 2005 - 22% 2010 - 24% 2015 - 35% 2020 - 79% 2021 - 108%
Los Angeles, CA 2005 - 144% 2010 - 71% 2015 - 131% 2020 - 222% 2021 - 284%
Denver, CO 2005 - 22% 2010 - 17% 2015 - 74% 2020 - 157% 2021 - 206%
Data Source: FHFA.gov Qtrly Purchase Only Indexes - Q3 2021 Top 100 Metro Areas Updated: January 2022
Austin, TX 2005 - 14% 2010 - 35% 2015 - 91% 2020 - 177% 2021 - 271%
Miami, FL 2005 - 130% 2010 - 53% 2015 - 113% 2020 - 201% 2021 - 264%
Market Appreciation USA Avg Sales Price 1965 - $21,500
1985 - $98,500 2005 - $288,500 Latest - $453,300
Market Appreciation
Source: KYR Housing Statistics
Market Appreciation Greater Louisville - 9 County Area
Market Inventory # Listings Taken & % of Success
Inventory Predictions
Interest Rates
Economic Predictions
Inflation Concerns
Unemployment / Total Jobs
Pandemic Effects
2022 Forecast/Predictions
Inventory to Increase Slightly
Continued Sellers Market
Sales Prices Will Increase
Year-end Interest Rate - 30 Year - 3.7%
Your Home at ...