Popular on Rezul
- No Limits Method Revolutionizes Neurodivergent Education Through Embodied Cognition - 105
- Corner Property Management Welcomes Seneca Reserve HOA!
- Kaplan Morrell Applauds Passage of Landmark Workers' Compensation Reform in Colorado
- First AI Marketing Platform Built Specifically for Small Businesses Launches Public Beta
- TEDxInglewood Returns to The Miracle Theater on August 9, 2025 — Celebrating Bold Ideas and Community Energy
- Rediscovered Christopher Lee Recording 'Elenore' Re-Released to Mark 10th Anniversary of His Passing
- Honoring Black History, Culture, and Community in Fall River
- Conexwest Expands Single-Phase Cold Storage Lineup: Versatile Solutions for Diverse Temperature Needs
- Token-Operated Sake Service Opens at Tobu Nikko Station
- Manhattan Boutique Real Estate Collaborates with InterContinental Hotels NYC in a Branding Partners Personalized Approach
Similar on Rezul
- Dedeaux Properties Begins Construction on Truck Terminal and Industrial Outdoor Storage Facility
- Paulding County's Old Mill Preserve Now Open to the Public in Georgia
- Kramer Real Estate: The Boutique Brokerage Quietly Taking Over North Texas
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- Winners Development Corporation Pioneers Skyscraper In South Dallas
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- Extreme Exterior Cleaning of Seaside Florida Home Separates Pros from Amateurs
- San Antonio Board of REALTORS® Among First to Use Passkey Login with Solid Earth's SSO Dashboard
- CGI+ Sells Multifamily Development Site in Los Angeles' South Bay to JPI for $40 Million
- Baby Boomer Housing Trend: Big Homes Out, Simplicity In
Kentucky Homebuyers Bid Up Prices as Sellers Hold Back
Rezul News/10467818
EAST LONGMEADOW, Mass. - Rezul -- Nearly three out of five Kentucky REALTORS® – 61% – said their sellers were holding back listings due to current economic uncertainty, according to the May 2020 edition of the HousingIQ Survey of Kentucky REALTORS®. Nearly 60% of the 374 REALTORS® from across Kentucky reported that their buyers had started to return to the market.
"Home prices are gaining due to tight inventories that have further shrunk because of reluctant sellers", explained Vidur Dhanda, author of the survey. "The survey results highlight the beneficial impact of government actions in protecting homeowners. What remains to be seen is how fast sellers feel confident about their economic situation and return to the market."
The HousingIQ Survey of Kentucky REALTORS® is administered monthly to the Kentucky REALTORS® membership as part of an effort to harness the ears-to-the-ground knowledge of REALTORS®. The responses are analyzed and reported as the HousingIQ/Kentucky REALTORS® Confidence Index. The May 2020 edition included additional questions to gather first-hand knowledge about the impact of the coronavirus on the Kentucky housing market.
More on Rezul News
The emerging narrative is that prices will likely trend up in the next twelve months although growth in transaction volumes will remain low. As sellers return to the market, there will be pressure to reduce listing prices to attract buyers. As government support and forbearance plans wind down, single-family rental investors could have valuable opportunities.
In the next twelve months:
- 36% of respondents expect an increase in sales volume
----- 35% anticipate increased foot traffic
----- 34% expect houses to stay on market for fewer days
----- 35% expect increased sales to first-time buyers
- 81% of respondents anticipate an increase in delinquencies
----- 39% expect more houses to sell below asking price
----- 58% expect increased sales to investors
"Home prices are gaining due to increased buyer activity and tight inventories. As the full economic impact of the pandemic plays out on homeowners and inventory starts to rebound, there may be downward pressure on prices. A local market expert will be invaluable in helping sellers correctly price the listing and advising buyers on negotiating through a bidding war", said Kentucky REALTORS® President Lester Sanders.
More on Rezul News
Nearly a third of the realtor respondents reported an improvement in their ability to conduct business during May. "KYR has proactively helped its membership work through the challenges posed by COVID-19", said KYR C.E.O. Steve Stevens. "By providing new insights about the Kentucky housing market, KYR is now enabling the eco-system to partner and advance the market. For example, with nearly 3 out of 5 REALTORS® anticipating increased sales to investors, property management companies and lenders can collaborate to provide packaged services", explained Steve Stevens.
The latest report is available here: https://housingiq.wainstreet.com/surveys/ky/
"Home prices are gaining due to tight inventories that have further shrunk because of reluctant sellers", explained Vidur Dhanda, author of the survey. "The survey results highlight the beneficial impact of government actions in protecting homeowners. What remains to be seen is how fast sellers feel confident about their economic situation and return to the market."
The HousingIQ Survey of Kentucky REALTORS® is administered monthly to the Kentucky REALTORS® membership as part of an effort to harness the ears-to-the-ground knowledge of REALTORS®. The responses are analyzed and reported as the HousingIQ/Kentucky REALTORS® Confidence Index. The May 2020 edition included additional questions to gather first-hand knowledge about the impact of the coronavirus on the Kentucky housing market.
More on Rezul News
- Paulding County's Old Mill Preserve Now Open to the Public in Georgia
- Kramer Real Estate: The Boutique Brokerage Quietly Taking Over North Texas
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Salazar Heating, Cooling & Plumbing Launches Water Conservation Initiative to Help Santa Fe Homeowners Cut Water Waste
The emerging narrative is that prices will likely trend up in the next twelve months although growth in transaction volumes will remain low. As sellers return to the market, there will be pressure to reduce listing prices to attract buyers. As government support and forbearance plans wind down, single-family rental investors could have valuable opportunities.
In the next twelve months:
- 36% of respondents expect an increase in sales volume
----- 35% anticipate increased foot traffic
----- 34% expect houses to stay on market for fewer days
----- 35% expect increased sales to first-time buyers
- 81% of respondents anticipate an increase in delinquencies
----- 39% expect more houses to sell below asking price
----- 58% expect increased sales to investors
"Home prices are gaining due to increased buyer activity and tight inventories. As the full economic impact of the pandemic plays out on homeowners and inventory starts to rebound, there may be downward pressure on prices. A local market expert will be invaluable in helping sellers correctly price the listing and advising buyers on negotiating through a bidding war", said Kentucky REALTORS® President Lester Sanders.
More on Rezul News
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Winners Development Corporation Pioneers Skyscraper In South Dallas
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
Nearly a third of the realtor respondents reported an improvement in their ability to conduct business during May. "KYR has proactively helped its membership work through the challenges posed by COVID-19", said KYR C.E.O. Steve Stevens. "By providing new insights about the Kentucky housing market, KYR is now enabling the eco-system to partner and advance the market. For example, with nearly 3 out of 5 REALTORS® anticipating increased sales to investors, property management companies and lenders can collaborate to provide packaged services", explained Steve Stevens.
The latest report is available here: https://housingiq.wainstreet.com/surveys/ky/
Source: HousingIQ
Filed Under: Real Estate
0 Comments
Latest on Rezul News
- Google AI Quietly Corrects the Record on Republic of Aquitaine's Legal Sovereignty
- NYC Leadership Strategist Stacie Selise Launches Groundbreaking 4S Framework Series to Redefine Executive Excellence
- Baby Boomer Housing Trend: Big Homes Out, Simplicity In
- Robert Michael & Co. Real Estate Team Lists Pool Home in Hunters Creek, One of America's Top Places to Live
- Make Innovation Matter: Support H.R.1's R&D Expensing Relief for American Small Businesses
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI)
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits
- Robert Michael & Co. Lists Spacious 6BR Home in Winter Haven, FL
- U. S. Mortgage Rates Drop. Lowest Since May
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement
- Powell No Rate Changes For Now
- Colorado Scenthound Locations Partner with Humane Colorado to Give Adopted Dogs a "Clean Start"
- Final Opportunities for New Estate Homes, up to 2 Acre Homesites at Chattahoochee Reserve in Cumming
- Endoacustica Europe Unveils iPhone 13 Pro Max Spy Phone—Pure Hardware, Zero Software Changes
- Be in a New O'Dwyer Home Before Back to School & Enjoy up to $15,000 Towards Your New Home
- David Weekley Homes to Lift the Curtain on Amenity Package in Georgia's Maple Grove at Towne Lake
- Suzanne Harp named Managing Director in Texas, USA
- $10 Million Acquisition of GXR World Sports Assets Energizes Global Launch of Sports.com Super App by Online Lottery-Sports Game Provider: Lottery.com
- Shop American Made Goods: New Online Marketplace My American Goods Curates the Best of U.S. Made