Articles and News about Residential Real Estate

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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The Future of Louisville Real Estate, 2010 Edition

At the turn of every year, we like to look back and reflect on the years past. Here at Louisville Homes Blog, we’re no different. But it’s also important to look forward and see how to best take advantage of the real estate market for your own situation.

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Looking at the Future of Louisville real estate is much like trying to guess what your chess opponent might do next.
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Home Buying Tax Credit FAQ

Back in November, I posted the helpful chart from NAR that outlines the changes to the home buyer tax credit that was extended by the Obama administration. And while that’s good, it still doesn’t address all the questions that people have regarding buying a new Louisville home. So I’m going to try and do my best to answer those questions, FAQ-style.

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Conventional Mortgages vs FHA Loans

The 2009 fiscal year is shaping up as the biggest on record for FHA loans. Applications for single-family home mortgages were up 50 percent from Oct. 1 through mid-August. Approvals have jumped 70 percent, to 1.67 million. FHA has carved out a huge chunk of the market in the last three years, from 3 percent in 2006 to a whopping 23 percent today. Borrowers of all stripes are turning to the FHA for help in obtaining a mortgage and achieving the dream of homeownership.

Bar Chart graphic - Conventional Mortgages vs FHA Loans
Conventional Mortgages vs FHA Loans is about more than simply rates.
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