Kentucky REALTORS® to contribute monthly state-level market data and commentary
Jointly administer monthly Survey of Kentucky REALTORS®
Kentucky REALTORS® and HousingIQ have teamed up to provide unique insights about future house price trends for the Commonwealth.
As part of the partnership, Kentucky REALTORS® will provide state-level data and commentary to enrich the monthly Kentucky Housing Market state report with MLS-derived data. Kentucky REALTORS® President Lester Sanders said this is just another way that the state association can serve both its membership and decision-makers across the state. “We’ve always been able to tell legislators how many homes sold in their district in a given month. Now we are able to convey what the market forecast looks like which can possibly shape policy” Sanders continued. “These decisions will affect the consumer and are tied directly to our advocacy goals.”
Currently in development is a monthly Survey of Kentucky REALTORS® that will systematically harness the ears-to-the-ground knowledge of realtors and create new insights into the health of the Commonwealth’s housing market. Kentucky REALTORS® Director of Communications, Paul Del Rio, who is helping cultivate the partnership with HousingIQ, is hopeful that this will evolve into a powerful tool that is useful to more than just Kentucky REALTORS® members. “REALTORS® will love having this data to share with their buyers and sellers but the real estate industry affects almost every aspect of life and businesses in the state”, he said. “Lawmakers, small business owners, homebuilders and investors all have a vested interest in how the market performs. We are confident these reports will be a valuable resource to them as well.”
About Kentucky REALTORS®
Kentucky REALTORS® is one of the largest and most influential associations in Kentucky. Founded in 1922, Kentucky REALTORS® represents more than 11,600 REALTORS® who are involved in all aspects of real estate, including residential and commercial real estate brokers, sales agents, developers, builders, property managers, office managers, appraisers, and auctioneers. For additional information, visit https://kyrealtors.com/
HousingIQ’s platform gauges the impact of prevailing economic conditions on future house prices. By harnessing local, regional, and national level data concerning consumers, businesses, housing supply, and financial markets, HousingIQ publishes local market indicators that can forecast house price changes over the next 12 months.