Real Estate Trends/Statistics

Posts about Real Estate Trends or Real Estate Statistics

Louisville Homes Sold by Year

Putting data into chart form almost always communicates better than simply reading the data. For example, looking at the chart above that shows the total number of homes sold by year in Louisville, KY.

Chart of homes sold by year
Charts like this one that shows Louisville homes sold by year really help you get a better understanding of the market.
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National Average Finally Positive, Kentucky Beats Nation

First American CoreLogic produces some great reports. Not great in the sense that everything is positive but they are very thorough and timely. This most recent report has this to say about real estate in Louisville, Kentucky.

Photo of Louisville home in Norwood Estates
Kentucky beats the nation when it comes to certain real estate metrics. | Photo: Tre Pryor
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Spring Reveals Some Signs of Rebound in Louisville

With basketball season almost complete, thoughts of another kind of rebound are quickly approaching. Spring always holds an upswing in Louisville real estate but the real question is, “How will this Spring compare to the last two Springs?”

Home in Saratoga Springs Louisville KY
Spring might signal some signs of a rebound in Louisville real estate. | Photo: Tre Pryor
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Is Louisville Real Estate Up or Down?

Housing news still dominates a large portion of our nation’s economic mindset. On Wednesday, Reuters wrote that new home sales hit a record low, and prices tumbled.

The Commerce Department said on Wednesday sales of newly built single-family homes dropped 11.2 percent to an annual rate of 309,000 units, the lowest level since records started in 1963, from 348,000 units in December.

Home Buying Process spelled out for this family
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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.

Picture of chess match
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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Louisville Mortgage Rates Expected to Rise in 2010

All good things must come to an end. That’s how the saying goes anyway. Today this concept applies to our 40-year, low mortgage interest rates. I’ve published this chart before, but it bears a repeat visit.

Historical mortage interest rates
Since 1974, interest rates have not been lower than they were in 2009.
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Louisville Housing Market Getting Mixed Signals

S&P and Case-Shiller Indexes since 2000
The Louisville housing market follows Atlanta more closely than the national averages so we didn’t see the marked highs or lows seen in the national index.

The WSJ published this piece today—Home Prices Rise, Yet Confidence Fades—which highlights just how tricky things are in the housing market today. As always, you want to look at home buyers and sellers separately.

For home sellers, the fourth straight month of home value increases is a breath of fresh air after all they’ve been through. Home values are still down from highs that occurred in 2005 and 2006 (depending on the market) but it’s most assuredly a step in the right direction. As prices continue to rise, expect to see more sellers list their homes, especially in the Spring.

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