Real Estate News for Louisville Kentucky

Incredible Medical Breakthrough by University of Louisville for Spinal Cord Injuries

There are so many great things going on here in Louisville. Today I hear Four paraplegic men voluntarily move their legs, an ‘unprecedented breakthrough’ for the paralysis community. Wow!

Photo of patient raising his leg while stimulated at the Frazier Rehab Institute.
Credit: Photo courtesy of the University of Louisville

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Want to know the biggest danger in Louisville real estate?

Some might consider this article’s title pure hyperbole. Let me be clear: It’s not. In July of 2012, the Flood Insurance Reform Act was passed. Some of its pieces weren’t “plugged in” until recently, but because of this piece of legislation, buying a certain home now can be like playing Russian roulette. Let’s learn about Louisville flood insurance.

Photo of waterfront homes in Louisville KY
Just because your Louisville home is near water doesn’t mean it’s in a floodplain. But it could… and that could cost you thousands of additional dollars with the recent legislation regarding flood insurance.

Here’s the inside scoop…

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Louisville Tops List of Favorite US Travel Destinations According to Lonely Planet

They love us! They really love us! Famous quotes aside, it’s always pleasing to hear complimentary messages traveling about the cyber-sphere. This time, Louisville tops the list of favorite US travel destinations for 2013.

Photo of Louisville at dusk
Gorgeous shot of downtown Louisville at dusk. It’s great to see more and more recognize how great our city really is!
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Louisville Now on Improving Markets Index as New Construction Perks Up

In a news release issued this week, Louisville was added back to the NAHB/First American Improving Markets Index (IMI). There are 125 markets on the list.

Photo of new construction in Louisville KY
Louisville new construction is starting to pick up as Louisville is added to the IMI.
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The Tide Is Turning: Foreclosure Rates Drop in Louisville

According to CoreLogic, foreclosure rates drop in Louisville as we watch the number of homes going into a foreclosure proceeding. This information was released in their most recent report. CoreLogic is a company that tracks and publishes data-driven reports, many centered around real estate, finances, and consumer goods.

Foreclosure Map for Louisville KY July 2012 - The Tide Is Turning: Foreclosure Rates Drop in Louisville
From the map above, you can see which portions of our city have the most foreclosures. The good news is that we’ve reached the peak and now we watch foreclosure rates drop in Louisville.
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