Things are certainly picking up this summer. Whether they will continue to move upward through the Fall/Winter remains to be seen but come next Spring I expect a large number of new listings. WAVE3's Connie Leonard has an article titled, Louisville realtors and builders encouraged by surge in home sales, up on their site. Here's a snippet: Louisville realtors and home builders are cautiously optimistic right now. That's because for the fourth consecutive month, the volume of re-sales and new home sales is growing faster than most economists predicted. Very promising data for everyon

If all these tax credits are confusing you, never fear! Here's a simple, easy-to-understand source to make it all clear. In 2008, Congress enacted a $7,500 tax credit designed to be an incentive for first-time homebuyers to purchase a home. The credit was designed as a mechanism to decrease the over-supply of homes for sale. For 2009, Congress has increased the credit to $8,000 and made several additional improvements. This revised $8,000 tax credit applies to purchases on or after January 1, 2009 and before December 1, 2009. Read all about it, including frequently asked question

The New Home Tax Credit is a nonrefundable credit, up to $5000, against individual income tax allowable to a qualified buyer. As we had previously written about back in April, Kentucky Joins in Tax Incentives for Home Buyers, some changes have been made. Here's how to know if you qualify. You can claim the credit if all of the following apply: Your qualified principal residence is a single family dwelling; Your qualified residence is purchased to be the principal residence of the qualified buyer(s) for a minimum of two (2) years; You purchase a new home after July 25, 2009 and

Briar Hill is a great neighborhood in the southern portion of Oldham County (Area 21) that's been nice for 20 years and is now taking off! About 24 years ago they started building custom homes on larger lots without moving too far east of the Jefferson County line. Today they're building even nicer, custom homes, similar to those you might find in Hillcrest on Oldham's north side. Because of it's location in Crestwood and growing size, Briar Hill is a popular place for a homebuyer seeking the top-rate Oldham Co. schools without moving too far from Louisville. If you like GlenOaks, you shou

I'm not sure "recovery" is the best term for the Louisville housing market, since admittedly the author of this U.S. News and World Report article said it never really bust, but it's nice to hear national experts promote our city. The article is called 10 Cities Primed for a Real Estate Recover. Here's the portion that refers to Louisville. Louisville, Ky. (15.9 percent, up 3.5 points). Two Ford Motor plants have been laying off workers, and other cutbacks in manufacturing and construction have driven the local unemployment rate above 10 percent. But UPS recently expanded a major shippin

Now is the time to act! Their title is certainly eye-catching: Now's the Time to Buy Your Dream House. Louisville home buyers don't have to take just my word for it, now the national experts are starting to follow suit. (I wonder what took them so long.) So why is now the perfect time? Well, the reason it's a perfect time to launch this column should be clear. There is an opportunity in residential real estate ownership unlike any we've seen in quite a long time, a perfect storm of sorts that is unlikely to last much longer. Home prices are down, interest rates remain near historica

Here's an example of what you don't want your gutters to look like. I like to publish home improvement and home maintenance tips every so often here at LouisvilleHomesBlog.com, mainly because sometimes we Realtors forget that buying the house is just the beginning. For the homeowners to keep their investments in tip-top shape, you need to be ever vigilant. So for autumn here in Louisville, I've put together some of the best home maintenance tips for all homeowners. Now's let's all get to work out there! Repair/Caulk Windows & Doors: More energy escapes a house through windows

Oxmoor Woods is a small, but prestigeous neighborhood in Hurstbourne near Jeffersontown in Louisville. Unlike some high-end neighborhoods in the east end, this one is very centrally located, close to both Highway 64 and the Watterson Expressway. Just minutes away from all the great restaurants and stores on Hurstbourne Lane, not to mention Oxmoor Mall and The Mall at St. Matthews, Oxmoor Woods has a great deal to like for those looking in this price range. Read More » This post is one in an ongoing series of spotlights on the Best Louisville Neighborhoods. If you have a

As you'd expect, numbers are up for July over June as the Summer season here in Louisville is seeing a little jump. There are still 9,680 properties for sale in our entire MLS but that's down a bit from previous highs. Like always, if you have any questions, please don't hesitate to contact me. July 2009 AREA SALES AVERAGE DoM 0 Central Downtown District 7 $81,000 44 1 Downtwn/Old&WestLouisville/Shively 74 $54,208 85 2 Butchertown/Highlands/Germantwn 122 $177,953 59 3 Brownsboro/StMatthews 79 $212,356 65

I put on my casual hat when posting on my new blog, Tre Pryor, My Life in Real Estate. So if you're interested in more playful commentary about my real estate experiences here in Louisville, head over and check it out. I just posted my first (relatively) important post on that site titled, Time Waits for No Man. In this piece I outline the 3 main reasons why first time homebuyers, if they're going to take advantage of the $8,000 tax credit, need to act sooner rather than later. I'd love to hear what you think of it!