Property Management of Louisville

1815 Frankfort Ave, Louisville, KY 40206
P/F: (502) 895-9136 info@pmofl.com

Archived Newsfeed November 2018

11-30-18 Pending Home Sales Tumble to 4-Year Low in Latest Sign the Housing-Market Correction Has Arrived

U.S. pending home sales slid 2.6% to a reading of 102.1 in October from 104.8 in September, the National Association of Realtors said Thursday. That was the lowest since June 2014.

11-28-18 Weekly mortgage applications rise 5.5% as homebuyers edge back in

Whatever the reason, buyers are coming back to the market, and driving mortgage demand.

11-26-18 Black Lives Matter starts housing programs to ensure low-income families can stay in West End

Black Lives Matter Louisville is asking west Louisville homeowners to donate their property to it rather than the Louisville Metro Landbank Authority, which has received criticism for its handling of vacant properties.

11-21-18 Existing-Home Sales Suffer Largest Annual Drop in Four Years

Sales of previously owned U.S. homes posted their largest annual decline since 2014 in October, as the housing market continues to sputter due to higher mortgage rates that are reducing home affordability.

11-19-18 Homebuilder confidence plummets to the lowest level in more than two years as 'demand stalls'

Rising mortgage rates and continued home price growth are hurting affordability and fast becoming a toxic cocktail for the nation's homebuilders.

11-16-18 Why the housing market is slumping despite a booming economy

These should be happy times for the housing sector. The economy is booming, with more people working at higher pay, and with the sizable millennial generation reaching prime homebuying age.

11-14-18 Apartment Developers Are Slowing Construction. That Could Mean Higher Rents.

Rising construction costs and a tight labor market are slowing a nearly decade long apartment boom, likely easing a burgeoning glut at the top end of the market that has been forming across the U.S.

11-12-18 Homebuilders, on track for worst year since financial crisis, are facing a make-or-break level, according to charts

The XHB homebuilders ETF and ITB home construction ETF are both tracking for their worst years since 2008, the middle of a housing crisis that demolished the group.

11-09-18 Want to sell your house? Try these tricks to sell it quickly.

Nowadays, it is very important to stage your house before listing them and a study shows that more than 90-95 percent of the houses which were staged before listing were sold in less than a month time period.

11-07-18 Mortgage applications drop to 4-year low as interest rates hit 8-year high

Rising interest rates are now clearly taking their toll on potential homebuyers.

11-05-18 Submitted to Underwriting: What Does That Mean?

The loan approval process goes through various stages as you get closer to your settlement date.

11-03-18 Renters are struggling more than homeowners: Survey

Financial stress visits renters more than homeowners.

11-01-18 Mortgage Rates Slide as Echoes of 2006 Haunt the Housing Market

Rates for home loans declined as bonds caught a bid, offering some breathing room for stretched home buyers.