In Louisville, Kentucky, the real estate market may be changing
A dose of Southern horse-pitality
Host Cheryl Casone visits Shelbyville, Ky., the ‘Saddle-bred Capital,’ home to over 80 competitive horse breeding farms and the ideal location for champion equestrian Brielle and her husband Chad to find their ‘American Dream Home.’
What if told you there are housing markets in the country where there are more listings than buyers?
With mortgage rates going higher and building beginning to pick up, the real estate picture of Louisville, Kentucky, may be changing.
"It's exciting as far as it is a bit of an uptick [in] new listings," said Paula Barmore, president of the Greater Louisville Association of Realtors.
"From a year ago, we're up 11.4% from May 2021 to May 2022."
ON ‘AMERICAN DREAM HOME,’ A COUPLE SEEKS A PERMANENT FLORIDA VACATION
The average home in Louisville, Kentucky, sells for $292,000, according to Realtor.com; homes are on the market an average of 22 days.
As we’ve seen across the country, when mortgage rates rise — as they inevitably will after the Federal Reserve raised interest rates again this week — first-time homebuyers are priced out.