Louisville Housing Market Improving
This piece in the NYT is aptly titled Home Sales, All Over the Map and that’s exactly the point! Depending on where you live, housing markets are extremely different from one another.
Articles and News about Residential Real Estate
Short Sales, Contract for Deed, Lease Options and the Exciting Life of a Real Estate Lawyer
Bold title there, huh? You might be wondering the reason. Well, I’ll tell you! I attended some Continuing Education today as a part of my real estate license requirements. I…
Home Values Approaching Bottom?
This piece in the NYT gives some home sellers hope for a better future. Home prices continued to fall as unemployment rose and new foreclosures hit the market. But the…
Positive News For Home Sales
The Wall St. Journal is now talking about positive news regarding the housing market. There’s a change! But even this news, while positive, isn’t especially noteworthy.
Which Louisville Homes Are Great Deals?
If you’re “old” like me, you might recall the phrase: “a stitch in time saves nine.” Or a more contemporary, “You can pay me now, or pay me later” from a Fram oil filter commercial. My point is doing your homework upfront saves both time and money. It’s the smart thing to do and in real estate, it’s essential if you want to make a smart buy.
First-Time Buyers Find Deals in Louisville KY
I've been very clear that our current market isn't good for every person's situation. But for some people, it's absolutely a great time to be buying property. If you're a…
5 Reasons to Buy a Home Now
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.
Foreclosures: Builders Lose, Consumers Win
Just a quick post to bring this issue to your attention. I feel like half of my job is battling the largely negative news coming from almost every media outlet…
Things Are ‘Looking Up’ for First Time Homebuyers in Louisville
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.
Louisville Weathers the Housing Crunch; Beats Cincinnati, Indianapolis
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.
(more…)Energy Efficiency Rises on Home Buyer’s Priority List
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…
What Does the Future Hold for Louisville Real Estate?
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?
Save Money on Your Heating Bill This Winter
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.
For Some, Now Is Great Time to Buy
The buy/sell decision is always a tricky one, but depending on your situation, now could be a great time to make the move. Here's what the WSJ has to say…
Kentucky Banks Chose the Safer Path
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…