Louisville Foreclosures Rise, Improvement on the Horizon - 01/26/11 02:48 PM

As far as I know, this Louisville KY home is not in foreclosure, I just like to have photos of great Louisville homes in my posts. Given that interest rates, home inventories and average home prices are all favorably positioned for home buyers, why does the housing market continue to muddle about? One of the bigger reasons is distressed homes. Distressed homes are properties that are under foreclosure or impending foreclosure because the home owners have been unable to make their payments. When this happens, home prices take a hit, which is great for buyer but bad for sellers and … (0 comments)

Louisville Housing Market, 7 Years of Decembers - 01/24/11 09:57 AM
 
For a view of what the Louisville housing market looks like, this chart shows home sales over the past 7 years, only comparing a single month. In this chart, we focus on December. There are so many ways to look at data. One could potentially create charts all day long! Without going overboard, I do desire to give you useful information in a way that's easy to understand. Putting this data into chart form is a natural choice and paints a clear picture of what our Louisville housing market looks like.
National organizations treat the housing market as a whole … (0 comments)

Why Louisville Real Estate Is a Good Investment Now - 01/19/11 02:51 PM
I just read a great piece by Dave Kansas over at SmartMoney called, Real Estate: Finally a Good Investment? where he admitted that while the real estate market as a whole has a lot of problems, buying residential real estate makes sense. First, the hard reality about the United States market as a whole.
There were a record one million foreclosures last year, home prices are still falling in many regions and the number of "underwater" properties is at a record high. And things don't look much better in other areas of real estate. The number of construction jobs continues to … (0 comments)

Short Sales Can Make You Lose Your Mind - 01/18/11 12:13 PM
Surely, you don't want to lose your mind. I know I don't. But unfortunately, short sales are a big part of today's real estate landscape. All you can do is be prepared and then hope for the best!
Just picture yourself in a small boat, out in the ocean, miles from land and no real means of communication. Then add an agitated partner in the boat with you. Also, that partner is looking to you to save them.
That's what it's like to be a Louisville Realtor® with a first-time home buyer in a short sale purchase situation. Our contract was … (2 comments)

Louisville Real Estate Agent Salary Data May Surprise You - 01/18/11 10:57 AM
We all have our perceptions. How could we not? We're human after all. It's long been my perception (and maybe yours) that real estate agents made very good money. After you read this article, you'll learn the truth of the matter. In fairness, some agents are compensated amazingly well. But agents aren't paid a set salary but rather are compensated based on their sales. Here's a quick breakdown.
A home seller pays a commission to both their listing agent and the home buyer's agent. The commission rate is usually applied to the sales price of the home but by law everything … (0 comments)

Top Remodeling Trends for 2011, Louisville Conventions - 01/18/11 10:54 AM
According to a National Association of Realtors survey, the following are the top remodeling trends for 2011. These aren't specific home improvement projects but more like mindsets and attitudes towards a homeowner improving their property.
Save Money: Remodel Your Bathroom Must-Do Remodeling Projects Warming Up The House Getting Decked Out Hiring A Great Contractor Paying in Cash Opening Up Rooms Bronze Age Going Green Industrial Flair Creating Relaxation Space Planning Ahead As this relates to Louisville real estate, I've seen several of these in action. If I had to create the Top 5 Louisville Remodeling Trends mine would look like this.
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Louisville Housing Report: 7 Years for period Ending Dec. 2010 - 01/18/11 10:52 AM
For a view of what the Louisville housing market looks like, this chart shows home sales over the past 7 years, only comparing a single month. In this chart, we focus on December. There are so many ways to look at data. One could potentially create charts all day long!
Without going overboard, I do desire to give you useful information in a way that's easy to understand. Putting this data into chart form is a natural choice and paints a clear picture of what our Louisville housing market looks like.
National organizations treat the housing market as a whole and … (0 comments)

Neighborhood Showcase: Shakes Run - 01/11/11 12:11 PM

Shakes Run boasts some new construction design flair that isn't typical to Louisville, KY. Shakes Run a beautiful, newer neighborhood off Fisherville Road south of Shelbyville Road. From the same developers, Canfield, as the wonderful East End subdivision Beech Spring Farm. From the mid $400s and up, this neighborhood boasts tons of green space, a large community pool, several lakes and lots of walking trails. Shakes Run has houses comparable to newer homes being built in neighborhoods like Lake Forest, Landis Lakes and Locust Creek.
Learn More »
 
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Housing Market Report: Louisville KY Area 30: December 2010 - 01/10/11 10:44 AM

Shelby County KY had a good 2nd half of 2010 in terms of home prices increasing and finished the year on a high note. Home sales for December also improved. These are both positive signs for this area.
Market report for Area 30 in Louisville, KY for period ending December 2010.
This report is published Quarterly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 21: December 2010 - 01/10/11 10:41 AM

Unlike Area 20 in Oldham County north of I71, Area 21 experienced both positive results in the number of homes sold and the monthly median home price for December 2010.
Market report for Area 20 in Louisville, KY for period ending December 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 20: December 2010 - 01/10/11 10:39 AM

Area 20 in Oldham County took a massive drop in home prices for the month of December, so much so that it started a downward trend that had steadily been moving upward. Home sales also trailed previous year numbers.
Market report for Area 20 in Louisville, KY for period ending December 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
 
 
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Housing Market Report: Louisville KY Area 19: December 2010 - 01/10/11 10:36 AM

Area 19 took a nice move upward in December, especially in the number of Homes sold because it beat the previous year's December. Overall price value is about the same as at the start of the calendar year.
Market report for Area 19 in Louisville, KY for period ending December 2010.
This report is published Quarterly. Statistics come from the Greater Louisville MLS.
Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 11 - December 2010 - 01/10/11 10:32 AM

Chart of Home Values and Sales in Louisville KY Bullitt County real estate estate didn't have a particularly good year. December was no different as home prices dropped again and sales trailed behind 2009. It's good to be optimistic about 2011 but the data doesn't paint a pretty picture for this area.
Market report for Area 11 in Louisville, KY for period ending December 2010.
This report is published Quarterly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 9: December 2010 - 01/06/11 10:34 AM

Great month for home sales in Area 9 considering the state of the market. Even home values cooperated by improving the yearly trendline. Solid movement on both fronts.
Market report for Area 9 in Louisville, KY for period ending December 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 8: December 2010 - 01/06/11 10:32 AM

Not the best of years for Area 8 but better than most of Louisville. December saw steady improvement in both home sales and a marginally increase in values. Overall, one of the stronger MLS areas in our city.
Market report for Area 8 in Louisville, KY for period ending December 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 7: December 2010 - 01/06/11 10:29 AM

Home sales for Area 7 are continuing their lagging efforts to improve; still much lower than 2009 levels. Home values bumped up a bit in December as the year saw an average increase $4,000-$5,000.
Market report for Area 7 in Louisville, KY for period ending December 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 6: December 2010 - 01/06/11 10:25 AM

Big improvement came in December for Area 6. Both sales and home prices were up, which a number of areas can't claim. The value increase helped the 1-year trend line return to the previous year level.
Market report for Area 6 in Louisville, KY for period ending December 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 5: December 2010 - 01/04/11 01:12 PM

December saw some improvement in home prices for Louisville's Area 5, this after a horrible August and September. While sales still lag behind 2009, December was an improvement over the previous month.
Market report for Area 5 in Louisville, KY for period ending December 2010.
This report is published Quarterly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 4: December 2010 - 01/04/11 01:09 PM

Area 4 saw some improvement during the Summer months but then the year finished out moving downward. Sales in December weren't too bad. Prices were spot on the trendline.
Market report for Area 4 in Louisville, KY for period ending December 2010.
This report is published Quarterly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 3: December 2010 - 01/04/11 01:04 PM

Area 3 is one of the healthiest in Greater Louisville at this point. Both in sales and home prices as its trendline continues to move upward. Overall sales for the area were close to 2009 numbers.
Market report for Area 3 in Louisville, KY for period ending December 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

Housing Market Report: Louisville KY Area 2: December 2010 - 01/03/11 02:32 PM

Area 2 home prices are continue their upward trend despite a poor showing in December. Homes sold in December just barely missed matching December 2009. Area continues to remain a strong sector of Louisville real estate.
Market report for Area 2 in Louisville, KY for period ending December 2010.
This report is published Monthly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (1 comments)

Housing Market Report: Louisville KY Area 1: December 2010 - 01/03/11 02:29 PM

December saw a continuing slide in home prices for this area matching low values set in March and October. The overall trendline is also moving down. Sales lagged behind 2009 numbers as well. Except for June, Area 1 did not have a good 2010.
Market report for Area 1 in Louisville, KY for period ending December 2010.
This report is published Qurterly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
 
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Housing Market Report: Louisville KY Area 0: December 2010 - 01/03/11 02:23 PM

December saw home prices bounce upward in this area which is great. Also, unlike most of Louisville, home sales beat the previous year in all but two months. Very positive signs for this urban area.
Market report for Area 21 in Louisville, KY for period ending December 2010.
This report is published Quarterly.
Statistics come from the Greater Louisville MLS. Information is deemed reliable but not guaranteed.
… (0 comments)

November Saw Increase in Contracts Nationally - 01/02/11 06:09 PM
Getting an accepted contact is a very important step in the entire process of buying a new home. It is also one of the data points that is tracked by analysts. November saw an increase, albeit a small one, is still a positive note nonetheless.
The National Association of Realtors said Thursday its index of sales agreements for previously occupied homes increased 3.5 percent last month from a downwardly revised reading in October. Contract signings were up in the West and Northeast, but down in the South and Midwest.
Louisville is included in the South region by some organizations and in … (0 comments)