Rising Interest Rates in the Louisville Market

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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!

4^th of July Activities in Your Market          

http://www.louisvilleky.gov/Mayor/News/2013/5-30-13+independence+festival+plans.htm 

Waterfront Independence Festival Returns July 3, 4

http://www.crescenthill.us/

2013 Crescent Hill Fourth of July Festival

http://www.belleoflouisville.org/calendar_event.html?id=7643

fireworks sightseeing cruise

Date: Thursday, July 4th, 2013

Times: 7:30pm-11:00pm

http://www.locustgrove.org/events.html

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.

http://www.louisville.com/louisville-events/kentucky-flea-market-fourth-july-spectacular-2013

Kentucky Flea Market Fourth of July Spectacular 2013

http://www.saltrivermusicfest.com/SCHEDULE.html

SALT RIVER MUSIC FEST in Buillett County

Music and

Looks like FUN!!!!!!