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Look into the Crystal Ball

2024 housing market predictions.

by MIKE HALL, Owner/Agent/Broker

While the experts can’t definitively tell us what the future holds, they can provide a prediction based on past and current market trends. Will changes in inventory or supply, mortgages rates, and home prices make housing more affordable in 2024? Unfortunately, unaffordability persists as the biggest issue for homebuyers.[1]

Let’s look at these factors.



Inventory of existing homes for sale will continue to remain low. Current homeowners are unswayed to sell given their current low mortgage rates; thus sellers will maintain an advantage.[2] New housing starts have picked up slightly and will influence inventory, however, just not enough to make a large dent.[3] 


Mortgage rates

Mortgage rates have steadily declined since their peak of 7.79% in 2023.[4] Despite the decline, rates are still high compared to pre- and early pandemic years, so supply will remain low. These high rates are still dissuading buyers.[5]


Home prices

Home prices are likely to remain higher than pre-pandemic prices, despite cooling slightly from 2022 highs. Prices will also rise with appreciation and lack of inventory, making...

New Year, New You, New Home

Work on your credit to qualify for homebuying

by MIKE HALL, Owner/Agent/Broker

Credit Card

Every year, millions of people make a New Year’s resolution. Some want to lose weight. Some want to kick a bad habit. Others want to find a better job. Is yours to buy a home?

Home buying relies on getting approved for a mortgage using your credit score or FICOâ score. Your FICOâ score determines how much you can borrow, and if you would be approved at all. What can you do to make sure you have a high FICOâ score?

The first step to improve your credit score is to get a copy of your credit report from the three reporting companies – Experian, Equifax, and TransUnion. For information on requesting a free copy of your credit reports, go to the Consumer Financial Protection Bureau. Check for outstanding debt, payment history, debt in collections, and any inaccuracies.

What information is in your credit report?

  • Personal information; including name, birthdate, social security number, address, and phone number
  • Employment history
  • Consumer statements, such as...

How To Find the Right Agent When Buying or Selling

by MIKE HALL, Owner/Agent/Broker

Image by Mohamed Hassan from Pixabay

So, you’ve decided to buy or sell a home. You may have a friend or family member who’s an agent. But do you know if they’re the right agent for you?

What’s the difference between a real estate agent, broker, and realtor?

Real Estate Agent: All real estate agents must be licensed in the state where they work and must abide by state and national laws.

Real Estate Broker: A broker has additional training beyond what an agent receives and has a broker license. Brokers must complete state-required courses and pass an exam and can oversee other agents.

Realtor: Realtors are licensed agents or brokers who are members of the National Association of Realtors and abide by the association’s standards and code of ethics.

How do you find the best?

1. Compare agents.

  • Look at online reviews,...

Keep the Griswolds’ Decorating to the Movies

Less is more for holiday décor when selling your home

by MIKE HALL, Owner/Agent/Broker

Christmas Tree

Photo by Frames For Your Heart on Unsplash

November and December are a time for family and friends. Many holidays during these months welcome friends and family into our homes. We also decorate our homes to celebrate the season with pumpkins, a Christmas tree, menorah and family photos and mementos.

But how should you decorate when wanting to sell? Here are some simple tips to decorating your home during the holidays when your house is on the market.

  1. Clean and stage your home. Clear the clutter and cobwebs before you decorate. Add a fresh coat of paint on the walls and fix any to-do list projects.
  2. Create a cozy vibe. Less is more when it comes to holiday decorations. Use white lights instead of colored and keep them simple. A wreath on the door instead of a yard full of lawn décor. Your kids may love the giant...

Is Bigger Always Better?

For those who think so, Louisville ranks top 5 for largest yards.

by MIKE HALL, Owner/Agent/Broker

Do you watch those HGTV shows where they makeover someone’s backyard into a beautiful oasis? Do you want a big yard for entertaining or kids to play or space for a garden? Well, living in Louisville gives you more of an opportunity to have those wishes come true.

According to StorageCafe, Louisville is one of the top 3 cities with large lot sizes among the 50 largest cities in the U.S.; Nashville, Tenn., topping the list.[1] With a median lot size over 10,000 sq. ft., Louisville is among the top five cities with the largest yards.

So what are the pros and cons of having a large yard?

The pros:

You have the space to create an entertainment area, whether that’s creating an outdoor kitchen and living space or setting up safe place for kids to play. A large backyard can provide your dog ample running and playing room, or you can nurture your green thumb skills with a garden. The great outdoors also provides some health benefits, such as stress reduction. Having a backyard also adds value to your home, especially when it’s a functional space and landscaped.

The cons:...

Should I Buy a Home in Louisville?

Avoid these common mistakes when purchasing your home

by MIKE HALL, Owner/Agent/Broker

wooden house and change

In late August, mortgage rates hit a 22-year high with a 30-year fixed rate home loan averaging 7.23%.[1] With these rates, lower inventory, and inflated prices, some may delay purchasing a home.

But if you are in the market, don’t let your anxiety and fear keep you from buying. Avoid these common mistakes when purchasing your home.[2]

  1. Trying to time the market. Just like stocks, the housing market ebbs and flows. Don’t try to figure out the perfect time to buy because conditions will always change.
  2. Worrying only about mortgage payments. The mortgage is just one part of purchasing a home. Buyers need to include homeowners’ insurance, PMI, taxes, and maintenance costs into their budget.
  3. Neglecting your credit score. While a credit score is not indicative of your ability to pay a mortgage, it does impact your ability to get a loan and the rate of the loan. Work on paying down other debt to increase your score.
  4. Buying a home too fast. Take the time to shop around and look at homes. Don’t...

Does a pool hurt or help your Louisville home value?

Sink or Swim

by MIKE HALL, Owner/Agent/Broker

in ground pool behind house

It’s summer and in the Ohio River Valley that means and hot and humid days. And for many it means spending time outdoors, whether kayaking, hiking, barbecuing, or swimming.

Adding a pool in your backyard may be more convenient as opposed to a public pool, but does it add value to your home when you want to sell? The answer isn’t simple. The value is very dependent on the current housing market and if buyers see it as an asset.

What are the costs?

Pools are expensive. While an above-ground pool is significantly cheaper to install than an in-ground pool (approximately $35,000-$65,000), the cost can range from about $3,000-$15,000. This doesn’t include maintenance costs, water, or electricity usage. Added expenses, such as a new liner or cover, hiring a maintenance service, or other repairs can easily increase these costs. And with a pool, you may want to add a deck, patio, or other outdoor landscaping to enjoy the space even more.

A pool is also a liability for homeowners. It will likely raise your homeowner’s insurance and you may be required to install extra security measures, such as a privacy fence.


Ready to Sell Your Louisville Home?

Stage your home for future buyers

by MIKE HALL, Owner/Agent/Broker

Beautifully staged home

Whether it’s a job in a different city, upgrading for an expanding family, or downgrading for retirement, you’ve decided to sell your current home.

Do you know how to optimize your home’s appearance to get more showings and offers?

Louisville buyers want to be able to visualize themselves in your home. Declutter, de-personalize, and spruce up are the general guidelines to selling. Read the previous blog on spring cleaning tips and follow these recommendations to stage your home.

  1. Pare down and rethink furniture placement. Moving sofas from away from walls and grouping chairs into conversational groups may increase flow and give the room a more spacious feel.
  2. Add an office space. With more people working from home, create a workspace so buyers already have a dedicated space in mind.
  3. Show off storage. Declutter closets and cabinets and organize areas with bins and baskets. Be sure not to overload with storage bins, though.
  4. Amp up lighting. Increase wattage of bulbs and add lamps in darker rooms. Open curtains...

Renew, Refresh, Reorganize

Get your Louisville home ready to sell.

by MIKE HALL, Owner, Broker, Agent

Spring is a time of renewal and new beginnings. Spring is also the best time of year to sell your house and start your life in a new home.

Prep your home to sell with a good spring cleaning. Make a checklist of everything that needs to be completed and check off those tasks one-by-one.

Here are nine spring-cleaning tips that can boost the value of your home when selling.

  1. Deep clean. Don’t just wash down counters or vacuum. Clean out that fridge, get the dust bunnies from under cabinets, and cobwebs from the upper corners of the ceiling.
  2. Paint. Has it been a few years since you’ve painted. Spruce up your home with a modern, fresh coat. Make sure to fill in any holes and nicks as you go. Consider painting your front door to give it a bold new look.
  3. Scrub and seal grout. Is the grout looking dirty? Use a grout cleaner to get those stains out or regrout if needed. Then don’t forget to seal it to keep it looking great.
  4. Get your carpet professionally cleaned. While vacuuming removes much of the dirt, a good deep cleaning can get your carpet looking good-as-new.
  5. Spruce up the outside. Curb appeal helps attract buyers. Plant some new...

Homeowners Ask: Best Security Systems

Secure your home and yourself

by MIKE HALL, Owner/Agent/Broker

Virtual Security

You’ve finally purchased your first home. You want to make sure that your home is safe and secure.

We get asked a lot about services to enhance your home and after being in business for many years, Red Edge agents have seen a lot. When it comes to security systems, there are several options available for Louisville homeowners.

You can subscribe to a security system service, such as ADT or Vivint. These can be all-inclusive providing not just the equipment but also 24/7 monitoring of potential issues. Prices vary for the amount of coverage, and many require minimum year contracts with cancellation fees, so be sure to read the fine print of all contracts.

Another option is purchasing your own security system from a company like Ring or SimpliSafe. This usually entails one-time equipment purchase. With some you can add on 24/7 monitoring, while others alert you through an app instead of third-party monitoring your home.

You may want to start off simply with just a few outside cameras or a video doorbell. Adding onto these starters with motion-sensing flood lights, window and door sensors and interior cameras is easy when using the same system....

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