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February 2020
Stats: Greater Louisville Assc. of REALTORS

Coronavirus Impacts Interest Rates
Up-Down-Sideways?

 
Interest rates have shifted a bit at the local level. Some local lenders, such as Republic Bank, have lowered interest rates on commercial loans. This is mainly due to market concerns over the impacts of the Coronavirus. The Federal Reserve has committed to keeping rates the same but will consider taking action if the virus begins to affect the global economy. These lower rates mean more buying power for buyers.
LINK HERE for Kiplinger's article.

With spring around the corner and interest rates resting at such a low level, buyers are eager and ready to make a home purchase. Be sure to check with us soon about the final touches needed before listing your home. We will provide the most up to date market statistics as well as the current level of buyer demand in your area.  In December 2019, the number of homes on the market dropped by almost 1% compared to 2018 but the average sales price rose by almost 5%. Now is the ideal time to list your home!

Other Coronovirus Information:
LINK HERE CNN most up to date information
LINK HERE Speculation about North Korea/South Korea
 

Wild Lights Lantern Festival
March 5-April 25th
Louisville Zoo
Learn More
NuLu Bock Fest
Goat racing & beer? YES!
March 21st 12-7PM
600-700 E. Market 
Learn More


 
7007 Shallow Lake Road
Coming on market this week!

 
2603 Garden Lake Lane
Under contract in 2 days!
$ 225,000

LEARN MORE
13514 Forest Bend Circle
$337,000

LEARN MORE

Pending Listings

  • 2603 Garden Lake Lane
  • 711 W. Main Street Apt F

Recently Sold

  • 3721 Bardstown Road #104
  • 6500 Five Forks Drive
10605 Meeting Street, #407
$1,375 Rent/Month

LEARN MORE
RATES
As of February 14, 2020

 
Conventional 30 YR. 3.625% 
.125% decrease since last month

Conventional 15 YR. 3.125%
Unchanged since last month

FHA 30 YR. 3.125%
Unchanged since last month

VA 30 YR. 3.125%
.125% decrease since last month

Courtesy: MortgageNetwork.net
Last month we said snow was coming. And well...not so much.
Since the snow has not made it to us yet, we thought we would entertain you with a few GIFs. Just in case you miss the joys of scraping the sidewalk and car. Enjoy these with a cup of hot cocoa!
TIP! Best ice melt that is easy on your plants and yard: LINK HERE
TIP! Best ice treatment for a concrete driveway: LINK HERE

 
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Parker & Klein Real Estate · 317 Wendover Avenue · Louisville, KY 40207 · USA

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