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Kentucky housing market to hold steady finds HousingIQ survey
Low housing supply and demand from investors to keep prices stable
Based on the monthly survey data, the HousingIQ/Kentucky REALTORS® Confidence Index provides a composite measure of expectations for the Kentucky housing market over the next year.
Year-over-year, the HousingIQ/Kentucky REALTORS® Confidence Index is down eight points, price expectations are down four points, and buyer power is up 20 points, reflecting overall deceleration in price growth and the red hot seller's market turning buyer friendly.
* 43% expect house prices to increase
----- 47% expect greater price-cutting
----- 30% expect more houses to sell below the asking price
* 60% expect houses to stay on the market longer
----- 48% anticipate an increase in the pace of new construction
----- 42% anticipate an increase in the pace of new listings
The full report is available here: https://housingiq.com/