Tax Credit Helping Some Louisville Home Buyers

Nice piece in Business First of Louisville about how first-time homebuyers have made their move in today’s housing market due primarily to the tax credit currently being offered by the government. This makes a great deal of sense. Most watching the market understand that the recent increase in home sales is happening predominantly in the lower-priced tiers where first-time homebuyers are focused.

Chart of Louisville KY Historical Yearly Home Value Change
Here you can see a chart of the year home value changes in Louisville, Kentucky going back to 1978. As you can discern, the negative value in 2009 is the first in the past 30 years. | Source: www.fhfa.gov
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Green Louisville Home Builders on the Rise

I think it’s safe to say that Green is the new Black and that’s not likely to change. But many green products are very costly and their benefit to the environment is relatively small. So, how do we decide which ones make the most sense?

GREEN certified and Energy Star certified home in Briar Hill
This Briar Hill home in Oldham County is Energy Star certified and it is currently for sale. | Photo: Tre Pryor
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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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