Please note that I didn’t say it’s a great time to sell. Homes are certainly being sold—almost 1,200 properties have sold in the first two months of the year here in Louisville—it’s just a tougher market to sell right now. The other side of the coin is that it’s a wonderful time to buy.
The Wall St. Journal wrote an article yesterday entitled For Some, It’s Finally Time to Dive Into Housing Market. Of course, they picked an extreme case to use as their example, as the real estate market in Phoenix, Arizona has been extremely volatile over the past decade and a half. I doubt you’ll see a price drop from $340,000 to $220,500 in less than two years in Louisville’s market, but you never know.
My thanks to a reader who thoughtfully sent this in. The Wall St. Journal does certain things very well. One of them is their “handy-dandy” charts. The other is their in-depth analysis. This time with Shrinking Prices, Rising Delinquencies they only batted .500. This was due in large part to the chart not working properly. That’s OK, we’ll forgive them because this piece wasn’t hidden behind a subscriber log-in.
A new article in Business First cites energy efficiency as being "a critical factor" when assessing a home's affordability. The Louisville nonprofit group's 2008 report notes that the average Louisville…
Forecasting is always a tricky business. From the stock market to fantasy football, the future is, by definition, uncertain. But that doesn’t mean we can’t throw some data into our logic blender and see what comes out, does it?
Louisville, Kentucky generally has mild winters but that doesn’t mean we should not take advantage of every opportunity to save money on our heating bills. You never know when we’ll have another massive snowstorm like we had this past year.
This article from Lexington's Herald-Leader talks about how most Kentucky-based lending institutions have steered clear of the riskier, sub-prime market as Kentucky Banks choose the safer path by holding solid…
In an effort to keep Louisville home sellers on the leading edge of national real estate trends, I was happy to meet with Melissa Marshbanks of Center Stage Homes to talk about home staging and how it can be used to help homeowners better market their property and get a leg up on the competition.
It’s funny to hear the members of the national press parrot one another for months on end. That is until a new topic is launched then everyone gets on that train. On point, do you think Louisville is in good shape?