Louisville Real Estate 2010 Winners and Losers

Today is the first day of December. 2010 is almost complete. Thoughts naturally turn reflective. With all the talk of the recession and its apparent end, how did Louisville real estate in 2010 perform? How did it compare with previous years? More importantly, in any given market, which groups benefited from current market conditions and which lost out?

Man looking out over a field of yellow flowers
Is he looking back on 2010? Or looking ahead to see if Louisville real estate in 2011 will resemble a field of flowers?
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New Tech Opens Homeowners to Theft

Foursquare logo
Foursquare might be fun but there’s a danger as well.

Isn’t all of our new technology fun? Honestly, raise your hand if you thought a few years ago that for the price of a few hundred dollars a person could let his smartphone “listen” to the music on the car stereo and tell him what song it is, who it’s by and even purchase and download the song immediately? Amazing! That application is called Shazam and it’s free! Wow.

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Louisville Cost of Living Compared to Rivals

By most accounts, the chief issue in our most recent elections was the economy, with unemployment as the lead contributing factor. As of September, Louisville, Kentucky has an unemployment rate of 9.8 percent which is slightly higher than the national average of 9.6 percent. Many are worried about where things are headed, as well they should be.

Downtown Louisville Kentucky
Learn how Louisville’s cost of living compares to rival cities in this handy post.
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Ft. Knox, Louisville Provide Ideal Real Estate Opportunities

Many cities with or near a military base should be proud to celebrate Veterans’ Day this year as their ties to military bases have allowed them to become some of the U.S.’s most affluent cities. High-tech centers, college towns, and industrial cities used to be some of the most affluent in the nation, however, out of the 20 fastest-growing metro areas today, based on per-capita income, 16 of them have a military base or have one close by providing an excellent opportunity for anyone in the real estate or mortgage industry.

Gate at Ft. Knox
What do Fort Knox and Louisville real estate have in common? The first helps the second. | Photo: DOD IMAGERY
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Agency Agreements Improve RE Experience for Homebuyers, Agents

Every industry has its share of insider knowledge, quirks, and idiosyncrasies. Louisville real estate is no different. As society grows ever more complex, expertise becomes more and more valuable. But what the heck are agency agreements?

Photo of two professional business people
Professional business people use contracts everyday so that all the parties involved know what to expect from each person involved. Real estate should be no different.
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Real Estate Investing Opportunities Align for Religious Institutions

I’ve written several pieces recently about how the current real estate market in Louisville is lining up well for certain profiles. The current freeze on foreclosures by some of our nation’s largest lenders has muddied the water for getting your hands on capital. But local lenders like Stockyards and Republic both posted healthy quarterly earnings.

Photo of a Louisville Home
Homes like this one may be great investments to use as rental properties or for resale.
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Optimism in New Construction Inches Upward, Louisville Neighborhoods

The National Association of Home Builders charts its members’ outlook towards business in the future. This index is something they use to make decisions on behalf of their membership. News out this month that this index has moved up for the first time in five months.

Home Buying Process spelled out for this family
Optimism in new construction is starting to move higher.
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