Housing news still dominates a large portion of our nation’s economic mindset. On Wednesday, Reuters wrote that new home sales hit a record low, and prices tumbled.
The Commerce Department said on Wednesday sales of newly built single-family homes dropped 11.2 percent to an annual rate of 309,000 units, the lowest level since records started in 1963, from 348,000 units in December.
Louisville follows the same real estate trends as other cities in our nation, only to a much lesser degree. But like I posted earlier this month, Louisville hasn’t seen a drop in home values since before 1978. That changed in 2008 and 2009.
After a couple of down years, it looks like home values in Louisville are heading back up. This information comes from First American CoreLogic. Home Prices in Louisville-Jefferson County Increase…
After a couple of down years, it looks like home values in Louisville are heading back up. This information comes from First American CoreLogic.
The CJ did a little piece on Monday about where the new construction numbers are and where they're heading. It should be no surprise to anyone following the situation that…
Nice piece in Business First of Louisville about how first-time homebuyers have made their move in today’s housing market due primarily to the tax credit currently being offered by the government. This makes a great deal of sense. Most watching the market understand that the recent increase in home sales is happening predominantly in the lower-priced tiers where first-time homebuyers are focused.
