Articles and News about Residential Real Estate
Although the US economy and the housing market seem to finally be on an upward trend, we are still recovering from what was one of history’s nastiest and most volatile recessions. First-time buyers are still finding it difficult to get a good rate on a mortgage and many people are still struggling to sell their homes.
Because of this, the question arises for sellers; “Should I sell my Louisville home or should I rent it?”
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I just read a great piece by Dave Kansas over at SmartMoney called, Real Estate: Finally a Good Investment? (Editor: The article has since been removed) where he admitted that while the real estate market as a whole has a lot of problems, buying residential real estate makes sense.
Surely, you don't want to lose your mind. I know I don't. But unfortunately, short sales are a big part of today's real estate landscape. All you can do is…
According to a National Association of Realtors survey, the following are the top remodeling trends for 2011. These aren't specific home improvement projects but more like mindsets and attitudes towards…
Isn’t all of our new technology fun? Honestly, raise your hand if you thought a few years ago that for the price of a few hundred dollars a person could let his smartphone “listen” to the music on the car stereo and tell him what song it is, who it’s by and even purchase and download the song immediately? Amazing! That application is called Shazam and it’s free! Wow.
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In any market, real estate agents are always looking for new clients. That’s even more true for our current real estate market as sales are down and many agents are leaving the business.
Every industry has its share of insider knowledge, quirks, and idiosyncrasies. Louisville real estate is no different. As society grows ever more complex, expertise becomes more and more valuable. Why…
I’ve written several pieces recently about how the current real estate market in Louisville is lining up well for certain profiles. The current freeze on foreclosures by some of our nation’s largest lenders has muddied the water for getting your hands on capital. But local lenders like Stockyards and Republic both posted healthy quarterly earnings.
The National Association of Home Builders charts its members’ outlook towards business in the future. This index is something they use to make decisions on behalf of their membership. News out this month that this index has moved up for the first time in five months.
It’s no secret that the housing market has seen better days, to put it politely. In a typical market, distressed properties account for 7% of all home sales. Some estimate that nationwide, that number is currently around 41%. Louisville real estate is far below both of these.
The Wall St. Journal had a piece earlier this week called 10 Best and Worst Markets for Real Estate Investors. It cites a Local Market Monitor, Inc. that looks to utilize “equilibrium” home prices. These take into consideration what home values should probably be in relation to population, job growth, income, and other factors.
As you might have heard, it’s a buyer’s market. Which is great! If you’re a buyer.
Inspired by The Wall St. Journal’s timely and relevant 10 Reasons To Buy a Home, I thought our readers would enjoy hitting the same points but with a hometown flavor. Now we have these reasons to buy a Louisville home.
Came across a great resource on real estate stats for Louisville, KY on Realtor.org. Lots to address but today I’ll just look at this first chart on home sales and growth since 2002.
“How much can I afford to spend on a house” is a relevant question that comes into the mind of thousands of homebuyers all over the world. To answer this question, the home affordability calculators offered by multiple lenders play an important role.
