Archive of 2008 April

Home Values Rise in Louisville Housing Market

Posted by Tre Pryor, Editor-in-Chief on April 04, 2008 in Trends/Statistics tagged with

In a title obviously affected by the media's relentless attack on the topic of housing, Business First brings us, Louisville housing market isn't so bad, PVA says. Who says journalists don't have a sense of humor? The study, which was authored by PVA Tony Lindauer and Chief Deputy PVA Donna Hunt, found that median property values in Jefferson County increased to $147,000 in 2007 from $141,000 in 2006. Yet more evidence that Louisville isn't San Diego or Naples and that depending on your situation, 2008 could be an advantageous time to make a move.

Continue Reading
Louisville Loop Trail Marches On Thumbnail

Louisville Loop Trail Marches On

Posted by Tre Pryor, Editor-in-Chief on April 04, 2008 in News tagged with

[This story was originally posted on SpringhurstNeighborhood.com] City Planners are working towards creating a 100-mile trail for bikers/walkers around the city of Louisville. They're calling it the Louisville Loop. Depending on the route and design of the path, this project sounds absolutely wonderful. Now, can they get through all the red tape and wrangling with communities affected by their plans? Most recently, people here in Springhurst were able to view the current plans and offer their comments. Money always plays a major role in cases like these as principalities want to know

Continue Reading
Housing Markets Perform By Region, Louisville In Good Shape Thumbnail

Housing Markets Perform By Region, Louisville In Good Shape

Posted by Tre Pryor, Editor-in-Chief on April 04, 2008 in Residential tagged with

It's funny to hear the members of the national press parrot one another for months on end. That is, until a new topic is launched then everyone gets on that train. All we've heard lately is that the housing market is "horrible" or a "disaster." Some areas are certainly on a downward trend, that doesn't make them horrible. Wait enough time and the trend will move upward. Homeowners who borrowed more than they can afford are certainly in a lot of financial trouble, but the rest of us have avoided that disaster. But the press continues to publish negative story after negative story abou

Continue Reading
Louisville a Top City for Affordable Housing Thumbnail

Louisville a Top City for Affordable Housing

Posted by Tre Pryor, Editor-in-Chief on April 04, 2008 in Residential tagged with

Touching on the same topic as last week's Louisville: Should You Buy a New Home Now? comes this story from Business First: Louisville one of top cities for affordable housing. Here's a quote: A recent Bizjournals.com study comparing housing affordability in the top 50 metropolitan areas nationwide showed that Louisville, with a No. 11 ranking, is one of the least expensive markets in which to own a home. As we head into Spring, I'm receiving more questions from my clients about the current state of affairs regarding Louisville's housing market. With rates low, values holding stea

Continue Reading

Selecting Best A/C and Heating Systems

Posted by Tre Pryor, Editor-in-Chief on April 04, 2008 in Home Improvement tagged with

[The content below is posted with permission from the kind folks at the Home Improvement Blog.] Selecting which brand of comfort system is usually on the top of the list when people make this very important decision. Unfortunately that is probably the least important part of the equation to ensure that your system will provide you and your family years of trouble free and efficient comfort. Qualify Your Needs All of today’s equipment manufacturers rate there equipment by the ton, there are 12,000 BTU’s per 1 ton of cooling. As an example, a 3 ton system would have a nomina

Continue Reading
March 2008 Home Sales in Louisville, KY Thumbnail

March 2008 Home Sales in Louisville, KY

Posted by Tre Pryor, Editor-in-Chief on April 04, 2008 in Trends/Statistics tagged with

Things are picking up, but clearly not as much as in years past. I believe the unusual amount of rain in March has had something to do with house hunters staying indoors. Compare with February 2008 Home Sales in Louisville, KY if you like, and as always, please contact me with any questions you might have. March 2008 AREA SALES AVERAGE DoM 0 Central Downtown District 7 $47,658 134 1 Downtwn/Old&WestLouisville/Shively 91 $43,824 79 2 Butchertown/Highlands/Germantwn 77 $169,231 85 3 Brownsboro/StMatthews 48 $220,

Continue Reading
Louisville: Should You Buy a New Home Now? Thumbnail

Louisville: Should You Buy a New Home Now?

Posted by Tre Pryor, Editor-in-Chief on April 04, 2008 in Trends/Statistics tagged with

Here is the most popular question I receive these days. "Is now a good time to buy or not?" That's a great question! The answer? It depends. "Well, thanks a lot, that really clears things up for me." I know, I know, it can be confusing, but let me shed a little light on the topic with a few examples. First, mortgage rates vary by location, by credit rating and also fluctuate on an hourly basis. But if you take a look at some 30-year fixed rates in Kentucky over the past 2 years, you'll note we're currently in a pretty desirable position. "Ok Mr. Pryor, but rates are just part

Continue Reading