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?)
The last time home loan rates were lower was the 1950s, when most mortgages lasted just 20 or 25 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.
Real estate is ever entertaining. Why? Because you're always meeting new people. New people mean more exposure to new things. All kinds of things. There's never a dull moment in…
I referenced Steve Harney’s great blog in my article What Is Your Louisville Home Worth? earlier this month and now I’m back at it again. He’s just making too much sense.
A friend of mine, Rodny Davidson, (a great loan specialist, if you need one) passed along these public opinion charts. They are a great view into the current mindset of…
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.
The news of the month in Louisville real estate is the upcoming date of April 30th. With the tax credit opportunity coming to an end, those looking to cash in…
Kentucky HB 394 has passed the House Appropriations & Revenue committee and is now on to the full House and Senate. If this passes, it'll be great news for home…
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…
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.
Of course, real estate agents in Louisville are going to try and project a positive image to our city's housing market. But the numbers don't lie. Last month’s home sales…