Louisville Real Estate Blog

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Louisville Homes Prices Fare Well Overall

Friday, September 2nd, 2011 at 9:18pm. 1069 Views, 0 Comments.

anchorage ky homesThe most recent numbers are in and Louisville home prices range well overall (especially compared to some of the figures relative to a national perspective).  For most of the Louisville homes  values – their values have experienced a moderate increase, or slight decrease overall.

Some of the exceptions to that broad picture, to cite an example, would be Anchorage KY.  Anchorage real estate showed a fairly strong growth from 2007 to 2008, with an average increase of 3.5% appreciation.  Oldham County KY real estate fair even better, with an average increase from 2007 to 2008 of 4.6% appreciation.  Ok. Ok.  So they don’t compare to some of the “Flip My Home” shows you see on TV.  But you have to remember the Louisville KY real estate market…

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Kentucky Property Foreclosure Filings Decrease

Friday, September 2nd, 2011 at 9:14pm. 976 Views, 0 Comments.

louisville mlsThe Kentucky property foreclosure filings decreased for the month of June.  Home filings were down almost 2% according to RealtyTrac.  This is good news – though it did lag somewhat behind the overall improvement of roughly 3% nationally.  But, it is somewhat relative, the actual number of our Kentucky property foreclosure filings were already lower to begin with – so we had less to improve upon in the first place.

Overall, Kentucky ranks 39th for foreclosures (lower is better).  And if you compare the figures for June 2008, to the previous year in 2007, we’re down 9.2% relative to last year – while the national percentage is up 53.3%. If you would like to search the Louisville MLS you will probably find many properties on the market that are…

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Shelby County KY Home Expo

Friday, September 2nd, 2011 at 9:11pm. 1424 Views, 0 Comments.

shelby county homesThe first annual Shelby County Homes  Expo starts this weekend at the Shelby County Fairgrounds in the Floral Hall.  It begins on Saturday July 12th at 10:00 am and goes until mid-afternoon at 3:00 pm.

The cost of admission is free.

Some of the features include numerous giveaways one of which is the possibility of winning a big screen television and others include free closing costs.  Various vendors will be there which include Realtors, insurance representatives, homes builders, homes repair businesses, mortgage lenders and more.

Some of the main hosts for the event includes Citizens Union Bank (CUB), Kentucky Housing Corporation (KHC), as well as HJW Career and Financial Literacy Institute.

If you own a home, or want to own a home, be sure…

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Housing Bailout Possible

Friday, September 2nd, 2011 at 9:03pm. 1171 Views, 0 Comments.

homes in louisvillePresident Bush recently stated his belief that a housing bailout was possible. He hopes that a compromise surrounding the proposal can be reached with Congress, but feels that it will be necessary for it to be less about politics and more about actually helping home owners. The Senate is currently discussing a possible $300 billion plan that would provide an ability for cheaper loans for those persons that are at risk of losing their homes but it has been tied up in debate for some time now and may be losing some steam behind the measure. Additionally, the plan would essentially overhaul the Federal Housing Administration.

The discussion for the proposed legislation hopes to regain momentum after the legislators get back from a week long break. The…

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Louisville KY is Most Livable City

Friday, September 2nd, 2011 at 9:01pm. 4334 Views, 0 Comments.

louisville ky most liveable cityIts official: Louisville KY is the most livable large city in the United States according to the U.S. Conference of Mayors – taking on some very stiff competition from other cities such as Chicago, Miami, Tampa, Albuquerque,  Orlando, Seattle, and Las Vegas among numerous others.  The Mayor of Louisville, Jerry Abramson, accepted the honor on behalf of the city at the conference’s annual convention.  This marks the first time that Louisville KY has won the overall top prize (it has scored well previously in smaller categories such as the outstanding achievements taking first prize for that category twice).

The livability awards are judged by numerous urban government specialists – which includes among others, mayors & ex-mayors to evaluate the…

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Kentucky Foreclosures Increase 46.1%

Friday, September 2nd, 2011 at 8:58pm. 1036 Views, 0 Comments.

louisville ky foreclosuresKentucky foreclosures increased 46.1% from the month of April to May 2008. Thats a big increase – but Kentucky still remains fairly well insulated and fairing well in the softening real estate market overall, especially as you begin comparing it to the rest of the United States. Kentucky ranks 38th for foreclosures, placing it well near the bottom.

To delve more into the numbers, Kentucky had 745 filings during that time frame which accounts for 1 out of 2534 homes in KY. And if you compare those numbers to a different time frame, like the year previously for May 2007, the rate of foreclosures was only an increase of 2.2%.

Kentucky ranked well, particularly if you examine some of its nearby neighbors. Ohio ranked #9. Illinois ranked #11. With…

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Simpsonville Kentucky – Downtown Proposed

Friday, September 2nd, 2011 at 8:55pm. 1523 Views, 0 Comments.

simpsonville ky homes for saleSimponsville Kentucky is a thriving and growing community that lies immediately east of the Louisville KY real estate market. It has served as an outpost in a mostly agricultural and rural landscape. But Simpsonville KY government officials have asked the Triple S Planning & Zoning commission to consider how the city would be able to create a downtown district to better serve the community and its neighbors.

There is the understanding that the actual concept for a downtown Simpsonville KY may take up to 20 or even 40 years, but they are wanting to make plans now for the future that is coming this way. Some work preparing the way has already been started: Simpsonville requested money from the Kentucky state government to fund sidewalks along the US 60…

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2008 Shelby County Kentucky Fair & Horse Show

Friday, September 2nd, 2011 at 8:51pm. 1372 Views, 0 Comments.

shelby-county-kentucky-fair_148The 146th annual Shelby County Kentucky Fair & Horse Show is coming up June 12-21, 2008. Many events are scheduled this year including a Dairy Show, carnival rides, 4-H horse show, Miss Shelby County Pre-Teen, Floral displays, Little Miss & Mister contest, NKTTA Truck Tug, Miniature horse show, Miss Shelby County Teen, Garden Tractor Pull, 4-H & Future Farmers of America Rabbit Show, Poultry Show, Hog Show, Sheep Show, Goat Show, Baby Show, Shelby County Master Showman Contest, Beef Show, and sale of 4-H Project animals.

Admission to the Shelby county fair is free for children 10 and under. To all others, admission is $6. The main entrance is located on US60 at the horse statue (no tractors or livestock will be allowed through that entrance).

The…

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Louisville Foreclosure Rate Declines

Friday, September 2nd, 2011 at 8:27pm. 1315 Views, 0 Comments.

louisville ky foreclosed homesThe Louisville foreclosure rate declined by 48% this year in 2008 compared to the same month in 2007.  And this is on the heels of a decline of 8% drop that took place during the 1st quarter of this year (again, using the same frame of comparison of during the same period in 2007).

And if you compare those numbers to the national average that has experienced a 65% INCREASE in foreclosures, you can see clearly that the Louisville real estate market is definitely bucking the trend.

To get into specifics:  288 foreclosure filings were made in the metropolitan Louisville homes market for April 2008.  This equates to approximately 1 in every 1874 homes in the area.  Nationally, there was approximately 1 foreclosure filing made for every 519…

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New Louisville Homes Starts Decline

Friday, September 2nd, 2011 at 8:22pm. 1151 Views, 0 Comments.

new louisville ky homesThe most recent numbers are in from the Home Builders Association of Louisville. New Louisville homes  are down approximately 30 percent from this time last year. The Home Builders Association of Louisville has even gone so far as to recommend to its members to delay additional new Louisville homes that they may be planning until some of the properties that are currently on the market are sold.

There remains a tremendous amount of inventory on the market currently. For the metropolitan Louisville real estate market, inventory is currently sitting at approximately 9-10 months. (What that means is, if no new homes came on the market, the properties currently on the market, and demand for purchasing a Louisville home remained steady, those homes would…

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