#1 Real Estate Blog in Louisville Kentucky

How To Find the Value of Your Louisville Home

I was having a conversation yesterday with a very intelligent person about the value of their home. It was during this conversation that I was reminded that while I think about the home valuation process quite often, most people do not. There are many Louisville homes for sale and determining value is critical right now.

Image of one red home among many white homes
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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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Louisville Real Estate Responds to Market Conditions

Louisville follows the same real estate trends as other cities in our nation, only to a much lesser degree. But like I posted earlier this month, Louisville hasn’t seen a drop in home values since before 1978. That changed in 2008 and 2009.

Photo of a bath remodel
If you want to see how Louisville real estate responds to a down market? Updating, updating, updating.
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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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