Louisville Homes Sales Up, Thanks to Tax Credit
Saw this article in the CJ citing the reason for the increased number of Louisville home sales in October. First-time buyers taking advantage of a special tax credit gave sales…
Posts about Real Estate Trends or Real Estate Statistics
Louisville Housing Market Getting Mixed Signals
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.
(more…)Louisville Ranks 2nd in Home Price Gains
Had to hunt to find this juicy tidbit about the nation's top 15 home price gainers. The following appeared in yesterday's Business Courier. Other regional metros in the top 15…
Louisville Home Prices Rise
Quick little story in the CJ today titled Home Prices Rose in Most Major Cities in July. Here's their basis: The Standard & Poor's/Case-Shiller home price index of 20 major…
Louisville Beats Nation as Values Level Out
The data isn’t very different from when I posted Home Prices Drop Nationally, Louisville Holds Steady but with, perhaps a slightly better result.
(more…)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…
Home Prices Drop Nationally, Louisville Holds Steady
According to a new report, Louisville home values showed a decrease of -1.88 percent compared to one year prior. I've seen other reports show -2.7 percent, but either way, that…
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.
Home Sales in December Up 6.5% Nationally
It’s always interesting to me to see how headlines are formed. Sometimes they convey the true meaning of the article but many times they don’t.
Take this heading from The Wall St. Journal:
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Louisville Kentucky Real Estate Review of 2008
It seems the popular press today didn’t listen to their parents growing up. I’m sure you’ve heard the instruction, “If you don’t have anything nice to say, don’t say anything at all.” Apparently, only bad news sells commercial time, newspaper subscriptions, and online ad clicks.
(more…)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…)Louisville House Prices Down 3.6% YTD
While it’s been a tough year for Louisville real estate, at least we can take some solace in knowing our market isn’t behaving like some of those in Florida, California and some other states. But for a city where home appreciation has run 4%-5% annually, any kind of departure from that trend isn’t expected or welcome.
(more…)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?
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…
Louisville Ranks #7 Most Affordable Metro City
Just found this interesting blog post on CashInAttic.net. It's another feather in our cap and helps the rest of the country know that Louisville real estate is not performing like…