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.
Certain homes are better suited to rental properties than others but real estate investors can find a lot to like about Louisville. | Photo: Tre Pryor(more…)
As you might have heard, it’s a buyer’s market. Which is great! If you’re a buyer.
Take a look at this kitchen! Looks brand new right? Would you be surprised to find out that the home is 3 years old? Declutter and sell my home fast! | Photo: Tre Pryor(more…)
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.
Do you want to buy a Louisville home? You’re not alone.(more…)
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.
This chart is for the entire state of Kentucky but it’s interesting to see how quickly the downturn came back up.(more…)
“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.
Online mortgage calculators can help prospective home buyers determine the appropriate amount to spend on a new Louisville home.(more…)
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.
Could the key to getting your first home be located in this VA Loan Primer?(more…)
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.
Houses like this great ranch home in Douglass Hills are quite affordable when compared with the nation as a whole. | Photo: Tre Pryor(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.”
Online formulas such as Zillow Zestimates are bad in determining a property’s true value.(more…)
Lovely lake in White Blossom within the Springhurst neighborhood. There are a lot of "sacred" terms in real estate. We in the business toss these words around without much thought…
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.
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.
If you want to see how Louisville real estate responds to a down market? Updating, updating, updating.(more…)