The Louisville Home, Garden and Remodeling Show is just around the corner on March 5-7 at the Kentucky Expo Center. Always want to keep my readers up the latest news. If you have real estate related news that you'd like to promote, please contact me.

Housing news still dominates a large portion of our nation's economic mindset. On Wednesday, Reuters writes New home sales hit record low, prices tumble. The Commerce Department said on Wednesday sales of newly built single-family homes dropped 11.2 percent to an annual rate of 309,000 units, the lowest level since records started in 1963, from 348,000 units in December. Let's be clear, this statistic is talking about new construction, not sales of existing homes. News isn't that bleak here in Louisville. Not according to the Courier-Journal who published Louisville Realtors continue sal

Louisville follows the same real estate trends as other cities in our nation, only to a much lesser degree. But like I posted earlier this month, Louisville hasn't seen a drop in home values since before 1978. That changed in 2008 and 2009. How does the market respond? For the most part, the same as the rest of the country. For starters, new homes are designed smaller. Here's a snippet from Home Sizes Fall as Builders, Buyers Embrace Economic Reality. Data recently released by the National Association of Home Builders (NAHB) found the average size of a new home that was completed in

This article was written by Nicole Adams with permission for LouisvilleHomesBlog.com to publish so that you can be better informed in all of your housing decisions here in Louisville, Kentucky. Nicole writes for ConstructionManagementDegree.com about various real estate topics such as home improvement, home decoration, green homes, mortgages, and construction management education. Home improvement just sounds complicated. Wouldn’t it be nice to have a few handy tools that don’t kill your budget to improve your home improvement? Just whip out your iPhone and get going on that dry wall or

After a couple of down years, it looks like home values in Louisville are heading back up. This information comes from First American CoreLogic. Home Prices in Louisville-Jefferson County Increase In Louisville-Jefferson County, home prices, including distressed sales, increased by 0.63 percent in December 2009 compared to December 2008. This compares to November's year-over-year HPI, which was 0.06 percent.** Excluding distressed transactions, year-over-year HPI for December is 0.11 percent, compared to November which was -0.87 percent. What's even better is that they're forecast

A friend in the industry passed along this piece of news today: What's driving the market: Treasurys fell as improved economic and corporate news reassured investors about the strength of the burgeoning recovery, undermining demand for safe haven assets. The National Association of Home Builders reported that housing starts jumped 2.8% in January to an annual rate of 591,000, which was more than expected. Housing starts were expected to have reached an annual rate of 580,000 units in January, according to a Briefing.com consensus of economist forecasts. Building permits, a measure of hou

We're blessed to have the chance to take a vacation to a secluded island in the Caribbean. No cells, no Internet, no opportunity for "life" to intrude. Have a great week and I'll see you upon my return. Via con dios!

The CJ did a little piece on Monday about where the new construction numbers are and where they're heading. It should be no surprise to anyone following the situation that most of the action is taking place at the low end of the price range due to the Federal home buyer's tax incentives, but I did find this quote from a National Association of Home Builders economist interesting. “It's like, Louisville behaved really well at the party, but for some reason, you were as hung over as everyone else,” Denk said. So the numbers would lead us to believe that Louisville's housing market

January was down from December in large part due to the weather, but also from uncertainty about the economy. There are signs that things will be picking up as we head into the Spring. As always, if you have any questions, please don't hesitate to contact me. January 2010 AREA SALES AVERAGE DoM 0 Central Downtown District 11 $165,907 90 1 Downtwn/Old&WestLouisville/Shively 56 $46,375 64 2 Butchertown/Highlands/Germantwn 54 $159,210 52 3 Brownsboro/StMatthews 35 $201,374 104 4 Pleasure Rdg/Valley Stat

Nice piece in Business First of Louisville about how first-time homebuyers have made their move in today's housing market due primarily to the tax credit currently being offered by the government. This makes a great deal of sense. Most watching the market understand that the recent increase in home sales is happening predominantly in the lower priced tiers where first-time homebuyers are focused. What does this mean going forward? Are there still renters on the sideline watching to see what might happen next? Most assuredly. Like I posted the other day, wise real estate decision makers