#1 Real Estate Blog in Louisville Kentucky

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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Time Is of the Essence, Your Deal Could Very Well Die

Have you heard the phrase, “time is of the essence”? Well, you might not think it’s a big deal, but it very much is when it comes to legal contracts. Let’s take a quick look.

Photo of an alarm clock and a hand turning it off - Time Is of the Essence, Your Deal Could Very Well Die
Time Is of the Essence is a key legal term.

Ticking away, the moments that make up a dull day
Fritter and waste, the hours in an off-hand way
-“Time” by Pink Floyd

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U-Haul Names Kentucky Top Growth State

U-Haul Truck

I admit I’m late to the party but just now, I read that Kentucky topped the U-Haul yearly survey as the state with the greatest growth rate. Amazing!

U-Haul International, Inc. today released the results of the annual U-Haul National Migration Trend Report, reflecting the nation’s top growth states for families who moved during 2009. The report, titled “2009 Top 10 U.S. Growth States,” indicates that for states with more than 20,000 families moving, Kentucky had the highest percentage of growth, with 5.76 percent more families moving into the state than out. For states with 5,000 – 20,000 families moving, Vermont had the highest percentage, with a growth rate of 16.67 percent in 2009, moving Maine to second place after two years of ranking first.

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Freeze on Foreclosures a Mixed Bag, Opportunities and Risks Abound

It’s no secret that the housing market has seen better days, to put it politely. In a typical market, distressed properties account for 7% of all home sales. Some estimate that nationwide, that number is currently around 41%. Louisville real estate is far below both of these.

Photo of a Louisville house
Experts think there are tremendous opportunities in real estate for those with financial means. | Photo: Tre Pryor
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