Job Loss and the Kentucky Housing Market: “We Buy Houses Louisville”

The economy in Kentucky has not improved much since the pandemic started. Although some businesses have been able to open back up, families are still struggling to make ends meet. Kentuckians find themselves without jobs as the pandemic continues and find it hard to afford their mortgages. Future generations will ask: “Why we buy houses?”

Kentucky is home to many people who found themselves without a job recently due to the novel Corona-virus pandemic. The opportunity for new employment has been dim. Great quality employees who would have had a job waiting for them when they recovered from an illness now find that the employer could not afford hold their position. The applicants applying for a position compared to the employment opportunity throughout the state can be troubling for even the most qualified applicants.

According to the study released by personal finance website WalletHub, Kentucky ranked as the 3rd worst state in the US for jobs in 2019. The job market was already tough in Kentucky prior to 2020. The corona-virus pandemic has only exacerbated the job market in Kentucky. When jobs are hard to come by people find themselves in tough situations. Life happens fast, and without a job, it can be hard or even impossible to make ends meet. It can really test the resilience of any family if they are forced to trim the budget.

In better economic times selling the primary residence to cut back on expenses may have been emotionally draining, but at least in this market, sellers aren’t competing with ten other homeowners selling in their neighborhood. Right now, the one good outcome from the pandemic is that it has caused a sellers market as many Kentucky homeowners removed their house from the market. There are less houses for sale and buyers are lined up, ready to say: “We buy houses.” Louisville residents that are facing tough times as they try to feed their family while planning for the future have an easy option to sell their house for cash.

Zillow most recently posted that houses are selling quicker than ever within the past two years. They said, “Homes are being snatched off the market at their fastest pace in 2 years.” For those that have lost their job and need to liquidate, this is good news as you can easily sell your house fast. Although, most that have lost their jobs may not see this as much of a silver lining as the rest of the economy struggles.

The stress of dealing unprecedented times along with a poor job market creates another layer of trouble for Kentuckians. Depression and anxiety issues arise. Health complications can come up. Now as Kentucky wavers on forbearance and eviction rules Kentuckians begin to see that the quality of their credit and standard of living are at risk.

Kentucky has a solution to the problem of facing foreclosure due to these complicated economic times. We Buy Property In Kentucky, founded by Luke Smith stands ready with solutions. Their motto is “We buy houses Kentucky.”

Kentucky real estate investors that work with Luke Smith know why Luke always says: “We buy houses in Kentucky.” The greater Louisville area is an economic market that stands ready to thrive again once everything opens back up. Mr. Smith’s team of cash ready, motivated real estate investors can provide cash for your home quickly. They are experts and they know the value of your home. They understand how to deal with each individual situation. Consider contacting them to determine the value of cash offer for your house.

Louisville will recover and the economy will stabilize. Luke Smith can give you the change to start over without foreclosure or loss of profits to a realtor.

For guidance on your situation or more information contact Luke Smith directly at: (502) 509-5676. You can also email Luke at Luke@WeBuyPropertyInKentucky.com      
 

Contact Information

Luke Smith

Founder

We Buy Property In Kentucky

(1) (502) 509-5676

Luke@WeBuyPropertyInKentucky.com