Listen to our latest Radio Show here! Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.

Selling a Louisville home? Get a free home value report  Buying a Louisville home? Search all homes for sale Today, I’m driving with no hands down the highway in my Tesla, but we’ll talk more about that in a moment. First, let’s discuss what the market looks like for both buyers and sellers. If you compare January 2015 to last month, the number of homes sold was identical at 902. The number of homes going under contract last month went up 13.4% year-over-year. However, the number of active listings is down 22.1% and the number of homes coming onto the market is also down 14.2%. Our absorption rate is at 3.34 months. This favors sellers. We are dangerously in need of homes. That’s why the top concern for buyers is low inventory, followed by saving for a down payment and rising mortgage rates. The four reasons it can be difficult to get a mortgage are insufficient income, insufficient credit score, too much debt, and not enough of a down payment. However, when polled, 54% of buyers do not know what the minimum credit score requirement for a loan is, and 5% of buyers think you need a 740 score for a conventional loan. You only need a 754 for a conventional loan, 687 for an FHA loan, and 706 for a VA loan. If you’re still not convinced that it’s time to buy, then you need to know that home values will continue to go up over the next couple years. If you buy a home for $250,000 this January and wait until January 2021 to sell it, that home will be worth $292,075. That’s a $42,000 jump in value. As for interest rates, they increased for a bit after the Fed raised their rates, but they have come back down to just above 4%. If you’re a seller, please reach out. Selling early this year will get you more money and your home will sell faster. If you’re a buyer, we can put you on a list where our agents will let you know instantly when a home comes on the market. There are 15 agents on my team who are ready to help you day or night. Now, let’s get to the Tesla. Elon Musk created hands-free driving. I still have to watch the wheel, but I can move forward without worrying about getting into an accident. I simply plug it in at night and it can go for 265 miles before it needs to be charged again. 20 minutes of charging gets me another 120 miles. If you have any questions, give me a call or send me an email. We can go for a drive in the Tesla and look at some homes. I would be happy to help you!

Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.

Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.

Selling a Louisville home? Get a free home value report  Buying a Louisville home? Search all homes for sale We knew those warm days in December were too good to be true. Now that we're getting hit with snow, real estate does slow down a little bit, which is actually good news. There are not enough homes on the market right now for the number of buyers who are looking. We listed a home last night at $140K and two minutes after it hit the MLS we were getting phone calls about it! That's how hot the market is. The number of listings sold in 2015 compared to 2014 is up a whopping 12.2%. Listings under contract are also up 13.8%. However, the number of active listings is down 2.2% year-over-year. These numbers may look good for Louisville, but dig a little deeper and you'll see that there's a problem. We track the absorption rate: if no more homes come on the market, how long would it take to sell the homes that are already on the market? An absorption rate of 6 months or higher is a buyers market; a 5 to 6 month absorption rate is a balanced market; and a 5 month or lower absorption rate is a seller's market.   Louisville is in a strong sellers market with a 3.75 month supply of inventory. We need homes to sell. A new survey indicates that we are going to have a housing shortage if more homes don't come on the market. With the economy recovering and home prices increasing, many people are thinking of buying a home. These buyers want to own a home due to lifestyle changes, a desire to settle down, improvements in their family financial situations, or more stable employment. A recent survey including 18 to 34 year-olds shows that owning a home is part of their personal American dream.  Despite the high demand, 29% of buyers say low inventory is a top concern in their home search. The housing supply is down all across the country. Even flippers are having trouble finding properties because distressed properties, foreclosures, and short sales are in short supply. The reason there's such demand for homes in January and February is because mortgage interest rates are expected to rise towards the end of year. Even a small rise in interest rates impacts first time home buyer's ability to buy a home. What does all of this mean to you? If you're thinking of selling, now is the time to put your home on the market. There is less competition due to the low inventory, and buyers are incredibly serious right now. You have the chance to sell faster and for more money than you would in the spring. If you are a buyer, the only way to see these homes that are coming on the market is to work with a team of agents that are ready to jump out there on a snowy day and get you into a home. When you work with us, you will know immediately when a home comes on the market.  We'll get you into your dream home ASAP. If you have any questions, give us a call or send us an email. We would be happy to help you!

Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.

Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.

Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.

Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.

Be sure to listen to our Louisville Real Estate Show on 840 WHAS Sunday morning from 8:30-9:00 am! Have a question for our team of experts? Call (502) 252-1890 to leave a question. For more information about Louisville Real Estate or to work with the hardest working Louisville Real Estate Team in Kentucky “The Sokoler Medley Team" at REMAX Properties East, 10525 Timberwood Circle, Louisville KY 40223 head to www.WeSellLouisville.com or call (502) 376-5483.