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Kentucky REALTOR® News

Louisville zip code among the 'hottest' in the country
August 20, 2015

Louisville ZIP code 40205, which includes all or parts of such upscale neighborhoods as Seneca Gardens and the Highlands, has been cited as one of America’s “hottest ZIP codes.”

The recognition comes from Realtor.com’s economic data team, which, for the first time, has released an analysis of the country’s “hottest ZIP codes midyear” and has put the local 40205 area in the 25th position.

The ranking is based on how quickly properties are selling and how frequently homes for sale are viewed on listings in each ZIP code.

“Listings in 40205 have received almost three times the views as the average listing in the U.S., and two to four times the views as the average listing in Louisville,” Realtor.com said in a release. “At the same time, inventory in the ZIP (code) has a median age of 38 days, which is 23 days lower than the market median and 35 days faster than the national median.” Read More

Louisville among first cities chosen for $42 million Bloomberg data initiative
August 18, 2015

Louisville has been chosen as one of the first cities to take part in a $42 million Bloomberg Philanthropies initiative designed to help enhance data usage.

Eight cities will receive expert support and "peer-to-peer learning opportunities" through the organization's What Works Cities, according to a news release.

The program will help 100 mid-sized American cities improve their use of data to make government more effective, the release said.

The charitable Bloomberg Philanthropies was created by former New York City Mayor Michael Bloomberg.

The new program has generated widespread interest since launching in April, and 112 cities in 40 states applied within the first six weeks. Read More


Kentucky mortgage recording lawsuit favors banks after appeal
July 21, 2015

U.S. mortgage lenders did not violate Kentucky state law by failing to record the transfer of mortgage loans in county land records, a federal appeals court ruled in the latest win for major banks sued over their mortgage recording practices.

In a decision on Thursday, a three-judge panel found that a U.S. district court erred last year in finding that homeowners could pursue claims against lenders for transferring mortgage loans without documenting the transactions with Kentucky's county clerks. The homeowners are represented by law firms Miller Griffin & Marks and Atkinson Simms & Kermode. Read More

Kentucky's jobless rate at 5.1 percent in June 2015
July 17, 2015

Kentucky’s preliminary June unemployment rate dipped to a seasonally adjusted 5.1 percent from a revised 5.2 percent in May 2015, and remained below the national rate, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.

The state rate in June 2015 was 1.4 percentage points below the 6.5 percent rate recorded in June 2014.

The U.S. seasonally adjusted jobless rate in June 2015 fell to 5.3 percent from 5.5 percent in May 2015, according to the U.S. Department of Labor. 

Labor force statistics, including the unemployment rate, are based on estimates from the Current Population Survey of households. It is designed to measure trends rather than to count the actual number of people working. It includes jobs in agriculture and those classified as self-employed.

In June 2015, Kentucky’s civilian labor force was 1,979,652, a decline of 16,012 individuals compared to the previous month. Employment was down by 14,335, and the number of unemployed decreased by 1,677. Read More

7 home improvements that increase resale value
July 2, 2015

Curb appeal is everything when it comes to selling your home, and that means your home’s exterior needs to be in optimal condition. In fact, 71 percent of prospective home buyers say that a home’s curb appeal is an important factor in their buying decision. This infographic from LawnStarter shows seven exterior home improvements that can increase resale value and help sell your home even faster. Read More

Top issues that will impact real estate
June 30, 2015

Demographic shifts from retiring baby boomers and the increase of millennials buying homes will have the most profound impact on the real estate industry in the coming years, according to a new survey of real estate professionals from the Counselors of Real Estate. CRE's survey identifies the issues that will have the most significant impact on real estate near and long-term. Read More

Webinar: RPR Basics - Tools for Building Your Business
June 29, 2015

Tuesday, July 14 - 3pm EST
Registration is free!
REALTORS® across the country are enhancing their business by using Realtors Property Resource® (RPR®’s) extensive database. In this class, you’ll learn how top agents use RPR as their all-in-one data and information source to build their business and impress clients. You will learn how to generate stunning property reports, conduct a detailed CMA in minutes, research schools and neighborhoods, and get a sneak peak into RPR Mobile™. Register now

New study highlights significant job growth in Kentucky
June 29, 2015

A new analysis released by Paul Coomes, senior economic adviser to the Kentucky Chamber of Commerce, shows job levels are starting to return to pre-recession levels in Louisville and other parts of the state.

Coomes analyzed new job and wage growth data released by the U.S. Bureau of Labor Statistics recently through its Quarterly Census of Employment Wages. He found that the highest levels of growth were in Lexington, Louisville and the Bowling Green and Hopkinsville areas of Western Kentucky. Read More

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Your brokerage needs a social media policy for protection
June 26, 2015

It only takes one offensive post on social media to maim the reputation of a business.

Earlier this month, two police offers were shot during a traffic stop in Hattiesburg, Miss. Following the incident, a Mississippi Subway restaurant employee posted a photo of herself in her work uniform on Facebook in an apparent celebration of the killings. The woman, according to news reports, wrote the following status with her photo: "2 police officers was shot in hattiesburg tonight! GOT EM," followed by three handgun emojis. Read More

NAR's sample policy for brokers

D.A.N.G.E.R. Report lists top 50 threats
June 22, 2015

What challenges will you encounter within 3-5 years? NAR's Strategic Thinking Advisory Committee considers threats to agents, brokers, associations, MLSs, and NAR in the just-released Danger Report. NAR engaged the services of leading industry author and visionary Stefan Swanepoel to help research and write the report. It purposely does not provide any solutions but seeks to encourage an industry wide conversation about the most pressing challenges before laying a foundation for the formulation of solutions. Read More