Neal Cox, Realtor - Judah Real Estate Group
Real Estate is Local
If you've had any conversations recently about the real estate market...you've probably mainly heard some bad news. "The real estate market is going to crash."
"We're in a bubble."
And just recently, someone asked me if I've been seeing homes "sell well below asking price."
Let me make one thing clear: real estate is local.
For example, I know an agent in AZ who told me recently that their inventory is way up and they now have months worth of inventory.
Another agent I know in TN told me that their inventory has DOUBLED over the last few months.
Here in Louisville? That's not the case. Our inventory has actually been shrinking and, if you look at the stats, it's actually more likely that prices will rise.
This is great news if you're planning on selling. And buyers, I have some good news for you, as well.
If you're not aware, interest rates have actually been going down. A lender told me last week they quoted 5.875% for a loan, and a client of mine was quoted 5.99% for a conventional loan with a lender credit.
So, remember, real estate is local. And if you have any questions about the market here in Louisville, I recommend asking a LOCAL real estate expert.
I'd be happy to be that person for you. 😃
- Neal
(502) 415-3649