Rising Interest Rates in the Louisville Market

2 Jul

Watch on your mobile device >>

A lot of my clients have been asking me how the rising interest rates will affect the sale of their property. While historically interest rates are still low, they are increasing from the 3% we saw just a few months ago. Those low interest rates definitely stimulated the market, below inventory was at eight months, which means if no other homes came on the market, it would take eight months to sell every listing. Today it is now 4.5 months.

If you’re selling your home, even with 4% interest rates, you will still see a lot of activity in the housing market. On the other hand, if rates increase to 5% or higher, you will see things slow down.

Remember to work with the market. Price your home properly and respond to the feedback you are getting at showings. Work with the market, not against it.

In other news, I wanted to wish everyone a happy and safe Fourth of July! I have a list of links for holiday events going on around you!

4th of July Activities in Your Market          

Waterfront Independence Festival Returns July 3, 4

2013 Crescent Hill Fourth of July Festival

fireworks sightseeing cruise

Date: Thursday, July 4th, 2013

Times: 7:30pm-11:00pm

Wednesday, July 3, 1:00 pm

Afternoon Lecture Series

Rick Bell : Louisville’s Waterfront

Thursday, July 4, 10:00 am – 4:30 pm

FREE TO THE PUBLIC all day!

Celebrate our nation’s Independence in the style of the early Republic. Bring a picnic lunch and enjoy the grounds of Locust Grove.

Kentucky Flea Market Fourth of July Spectacular 2013

SALT RIVER MUSIC FEST in Buillett County

Music and

Looks like FUN!!!!!!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: