Articles and News about Residential Real Estate

10 Reasons To Buy a Louisville Home

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.

Photo of a family with their new home
Do you want to buy a Louisville home? You’re not alone.
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Home Sales Activity for Louisville vs. Nation

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.

Chart of Kentucky Home Sales (Red Line) and Sales Growth
This chart is for the entire state of Kentucky but it’s interesting to see how quickly the downturn came back up.
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How Much Can I Afford to Spend on a House?

“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.

Photo of two men using a laptop and notepad to determine mortgage values
Online mortgage calculators can help prospective home buyers determine the appropriate amount to spend on a new Louisville home.
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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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VA Loan Primer

The Department of Veterans Affairs (VA) supports specific home loans. These are called VA Loans and are available to veterans or active duty service members wishing to purchase a home. Since its inception, the VA loan program has helped nearly 18 million veterans and active duty service men and women achieve homeownership.

Photo of a front door knocker
Could the key to getting your first home be located in this VA Loan Primer?
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Louisville #4 Most Affordable City to Buy a Home

The Forbes.com website confuses me. I know they’re trying to have more pages, so each page can have more ads, thus more ad revenue, but as far as navigating it, I always find it frustrating.

Photo of Home in Douglass Hills
Houses like this great ranch home in Douglass Hills are quite affordable when compared with the nation as a whole. | Photo: Tre Pryor
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Determining Home Values, Zillow Zestimates Are Bad and More

When all the ancillary real estate Web sites started cropping up about five years ago I thought, “Great! These give consumers more information, which is always a good thing.”

Photo of a home in Louisville KY
Online formulas such as Zillow Zestimates are bad in determining a property’s true value.
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How To Find the Value of Your Louisville Home

I was having a conversation yesterday with a very intelligent person about the value of their home. It was during this conversation that I was reminded that while I think about the home valuation process quite often, most people do not. There are many Louisville homes for sale and determining value is critical right now.

Image of one red home among many white homes
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Louisville Real Estate Responds to Market Conditions

Louisville follows the same real estate trends as other cities in our nation, only to a much lesser degree. But like I posted earlier this month, Louisville hasn’t seen a drop in home values since before 1978. That changed in 2008 and 2009.

Photo of a bath remodel
If you want to see how Louisville real estate responds to a down market? Updating, updating, updating.
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