Real Estate News

Real Estate News for Louisville Kentucky

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

CoreLogic says that the number of homes going into foreclosure in Louisville has dropped in their most recent report. CoreLogic is a company that tracks and publishes a myriad of reports, many centered around real estate, finances, and consumer goods.

Foreclosure Map for Louisville KY July 2012
From the map above, you can see which portions of our city have the most foreclosures. The good news is that we’ve crested the peak and foreclosures in Louisville are on the decline.
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Louisville Ranks High for Most Liveable US Cities, Affordable Vacations

Not too long ago, 2008 to be exact, Louisville was rated as number one in most liveable US cities. But then our fair city didn’t make even the list for 2009, 2010, or 2011. How can that be because one year later, Louisville took first place in 2012?

Vincenzo's downtown Louisville KY
Downtown Louisville continues to have some amazing restaurants, shows, and venues for regional and national events. Locals and tourists alike have plenty to choose from. In this photo, you see Vincenzo’s Italian restaurant.
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Flooring Trends at Louisville Home Show

It seems ironic that the Home & Garden Show was packed after last week’s severe weather, but this year’s event seemed more crowded than ever, and there seemed to be more booths as well. In addition to taking in the usual replacement windows, sunrooms, and UK/UofL handbags, I did have a chance to talk with some friends in the flooring industry about the latest trends.

Photo of a decorative tile used in kitchen backsplash
There are a multitude of decorative tiles that can be used in a variety of ways, such as this one from Mees Tile and Marble.
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At the Build, Renovate & Landscape Expo You Never Know What You’ll Find

We like to keep you up-to-date with the different home shows that come to town. It’s interesting because most of the time you’ll find 70% of the businesses involved actually belong in the show because their products or services match the show’s title. The other 30% are up for grabs!

Photo of parents speaking with exhibitor while children play with their balloon animals
Many booths will make an effort to entertain the visitor’s children. These balloons came courtesy of Hawkeye Security.
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Shermageddon Makes Kentucky Housing More Desirable

The big news in Louisville these days is the shutdown of the Sherman Minton Bridge, or what a creative mind termed Shermageddon. You see, because the politicians have feuded with East End money for literally decades about building the obviously logical East End bridge, the importance of the currently overburdened bridges has gone up. Way up!

Photo of the Shermon Minton Bridge
The time it will take to repair the Sherman Minton Bridge will help home sellers in Kentucky while hurting those in Indiana.
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