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…
Louisville Interest Rates Inching Upward
It was bound to happen. Rates can't stay low forever. Hopefully you've already taken advantage of the historically low rates. For example: A typical 30-year fixed-rate home loan at Louisville-based…
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.
Best Louisville Neighborhoods: Glen Lakes
Glen Lakes is a new neighborhood in the popular Eastwood area of eastern Louisville, Kentucky. Just east of Middletown and Lake Forest, Glen Lakes is building new, single-family homes with Elite Homes and McBride Homes.
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…
Kentucky Joins in Tax Incentives for Home Buyers
Back in July, we posted about the First-time Homebuyer Gets Tax Credit Relief that was signed into law by President Bush. This was great news for home buyers. Then, early in 2009, the new administration made the following adjustments.
(more…)New Permanent FHA Loan Limits
The Federal Housing Administration (FHA) is a government agency that exists to help low income families and first time home owners achieve the American Dream of owning a home. The…
Tax Assessments Aren’t True Indicators of Value
Here in Louisville KY, our local newspaper is the Courier-Journal. They recently wrote a piece entitled, Some home assessments are dropping, and that's completely accurate! Some are dropping, but given…
Home Improvement Costs vs Values for 2008
I posted Are Replacement Windows a Wise Home Improvement? last month with the chart you see below. Today I thought, why not include the whole story for you? Let’s look at the current Home Improvement Costs vs Values.
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.
Are Replacement Windows a Wise Home Improvement?
Perhaps no home improvement project has more perceived value than installing replacement windows in your home. Is this a well-deserved perception? Like most things, the answer is, “It depends.”
Louisville Professor Gives Housing Market an ‘A’
The CJ published this article on Friday: Local economics expert: Louisville in good shape to ride out recession. I have to say, "Great job!" Not only is this expert's opinion…
Louisville Home Owner Asbestos Prevention Info
Asbestos is a highly fibrous mineral whose qualities made it one of the most desirable building materials in the 20th century. Manufacturers of asbestos were aware of its potentially harmful components but continued shipping the product anyway. Its main uses were found as insulation, piping, brake lining, flooring, and roofing. Located on the Ohio River, asbestos exposure incidents in Kentucky have mainly occurred as a result of industrial sites.
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.
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