I started collecting some news links when the site went down so here they are en masse. Mortgage rates at 37-year low Some folks are going to be kicking themselves when the rates rise and they didn't take advantage of them. Local home sales drop in November November was a terrible month for sales. As a whole, 2008 is going to be down as much as 20-30% in total number of properties sold. Please check Louisville Homes Blog for a report on those numbers in January. Home bargains can still be found in Louisville This shouldn't be surprising news to anyone watching the market these

Well... thanks to my good friend James, we've got all the previous Louisville Homes Blog posts back into a new database and are ready to tackle all of Louisville's 2009 real estate news with a clean slate! As a precaution I changed my password for this site to something so amazingly crazy, there's no way a hacker would guess it. I trust you folks, so here it is... please don't tell anyone. li::ZV<IIaaRz%vVyb2U In all seriousness, this is a wake-up call for me to update to the newest WordPress each time it comes out. That and backing up my files more than once a year. (Who does that

No, this home isn't in Louisville, Kentucky but it sure is gorgeous. I'm certainly no home improvement specialist myself, but I understand the value to prospective buyers of having a property in tip-top shape. Heading into winter (heck... it's been frosty here in Louisville for a month now!) here is some great advice that will help you winterize your home, save money and keep your #1 investment in the best possible shape. Furnace Maintenance Most of the time, homeowners should hire experts to perform maintenance updates or modfy their HVAC systems. But there are some tasks that an

One expert's crystal ball says real estate in Louisville KY is going to take off in 2009. Now, for every Alexis McGee, there are two or three critics who think that we haven't seen the bottom of this housing downtrend. Who is Alexis McGee you ask? She's the president of ForeclosureS.com who has access to a great deal of real estate data and she predicts a major rebound for housing in 2008. "Recovery is underway. Affordable is back in the housing market," says Alexis McGee, real estate expert, educator, and president of ForeclosureS.com. "In 2009, housing will not only recover, but we'l

Saratoga Woods is another great neighborhood in the southern portion of Louisville's East End. Just down the road from Stone Lakes, Saratoga Woods has a similar feel with lots of rolling hills and a good variety of homes at just a bit lower price point. This neighborhood began in the early 1990s and quickly built out the subdivision. In some respects it's like the Polo Fields with the hills and age of homes but closer in towards Jeffersontown. If you're looking for a home in the $225k-$325k range, be sure to check out any homes for sale in Saratoga Woods. Read More » Th

Owl Creek is an established and prestigeous neighborhood in the heart of Louisville's East End. This subdivision, located off Dorsey Ln. in Middletown was started about 20 years ago and contains some wonderful, large homes in a scenic setting. With home values from the upper $200's to almost $400k, there are some great values in this subdivision. Similar to some properties in nearby Hurstbourne or The Woods of St. Thomas, Owl Creek has a great deal of appeal. Read More » This post is one in an ongoing series of spotlights on the Best Louisville Neighborhoods. If you

My thanks to a reader who thoughtfully sent this in. The Wall St. Journal does certain things very well. One of them is their "handy-dandy" charts. The other is their in-depth analysis. This time with Shrinking Prices, Rising Delinquencies, they only batted .500. This was due in large part to the chart not working properly. That's OK, we'll forgive them because this piece wasn't hidden behind a subscriber log-in. So how did we do? Since the housing market peak in the 4th quarter of 2005, the median home price in Louisville, Kentucky is up 3.2%! Now, this isn't the 4-5% annual apprec

The number of sales is down this month, as expected. Each year as we head into the Holiday season activity dies down then starts back up (slowly) after the New Year. But it's surprising to see prices up in most of the areas. In particular, Areas 7 and 8 saw solid increases and North Oldham went from an average value of $269,452 to $342,139. Now, averages fluctuate more erratically when the sample size is low so we can't put too much stock in these numbers. But it is interesting to see these value increases given the overall downward trend for the year. If you have any questions, please