Real Estate News for Louisville Kentucky

Louisville 9th Least Expensive Cities Says Kiplinger

Kiplinger and Forbes have been singing our city’s praises lately. Recently Forbes ranked Louisville 37th in Nation for Housing Recovery. Then Kiplinger named Louisville the regional winner for home price stability. Then, to top it off, Forbes claims Louisville real estate is the 4th most affordable in the nation.

Photo of Louisville, Most Affordable Cities
Louisville, KY keeps raking up national real estate accolades.
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Low Mortgage Rates in the News

Just days after I posted Mortgage Rates Lowest in 40 Years we see a national story touching the same topic with Mortgage rates remaining at the lowest level in decades. (Think the AP is shadowing me?)

Just how low can you go?

The last time home loan rates were lower was the 1950s, when most mortgages lasted just 20 or 25 years.

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Mortgage Rates Lowest in 40 Years

As in life, there’s good news and there’s bad news. Looking at our Louisville real estate home values and number of sales, we see that 2010 is a big improvement over 2009. That’s good news! But 2009 wasn’t a very good year, to begin with. That’s bad news. But now mortgage rates are at their lowest levels in 40 years.

Chart: Mortgage Interest Rates for the Past 36 Years
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Kiplinger Tabs Louisville Regional Winner in Home Prices Stability

Louisville KY

Kiplinger, Forbes, and other financial publications understand that the general public doesn’t care about the minutiae of high finance. So instead of reaching and connecting with the “every man” they create lists.

Today, we see Kiplinger ranking Cities Where Home Prices Have Held Up Best. It’s a fairly easy calculation.

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Tax Credit Helping Some Louisville Home Buyers

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.

Chart of Louisville KY Historical Yearly Home Value Change
Here you can see a chart of the year home value changes in Louisville, Kentucky going back to 1978. As you can discern, the negative value in 2009 is the first in the past 30 years. | Source: www.fhfa.gov
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