This is the second of a 3-part series on real estate myths. There are many misconceptions when it comes to working with Louisville real estate agents that are valuable to understand. If you have more specific questions, feel free to contact the LHB Editor. If you think all real estate agents are wealthy, think again. In 2010, the estimated average income for all real estate agents was $27,364. Previously, we published Top 3 Real Estate Myths for Louisville Home Sellers to help clear up a few misconceptions that many hold regarding best practices in selling your home. Today we're looki

Updated: 2/3/2012. Thanks to Chris Cox who found a calculation error, which we've now correct. Many held high hopes for an improving real estate market heading into 2011. Well, maybe that's an exaggeration but there were some signs that the housing recession was lessening and perhaps we would all see improvement in 2011. In most locations, that didn't occur. But it did in some! Looking back on 2011 home value changes So here we find ourselves in a similar position; looking back on the year and trying to determine if 2012 would finally be the year were things went "back to normal."

Many of Louisville's most stately mansions are located in Glenview. Today is our final Friday covering the wealthiest ZIP codes in Louisville, Kentucky. Drumroll please *ratta tat tat* The #1 wealthiest ZIP code in Louisville is 40025! With only about 130 addresses in this area, it's a very exclusive and affluent part of Louisville. Average Household Income: $186,271 Average/Median Home Value: $571,386/$400,000 Number of Homes over $1M: 15 Source: BusinessFirstofLouisville.com Glenview is located northeast of downtown, just north of I71 up close to the Ohio River. With the a

Purchasing a Louisville condo is similar to purchasing a new home but with a few important differences. Make sure your trusted advisor in real estate understands them. If you're thinking about buying a condo in Louisville you should take some steps to dig deep and find out more about the unit and the association. On the surface, everything can look fine, even when there is trouble brewing below. Here are some things you can do to really find out what's happening in the condo community you are interested in. 1. Find Out If There Are Any Complaints Ask to see some notes from an associ

Looking for your Louisville mansion? There are plenty to choose from in 40059, such as this incredible estate home. Each Friday we'll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, the 2nd wealthiest ZIP code in Louisville is 47119, also known as Prospect. Located in the Northeast portion of Louisville, spanning both Jefferson and Oldham county. Average Household Income: $170,842 Average/Median Home Value: $448,326/$373,141 Number of Homes over $1M: 286 Source: BusinessFirstofLouisville.com Prospect is home to some amazing properties! 28 miles of

Very large lots are the norm with plenty of privacy in 40022. Each Friday we'll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, the 3rd wealthiest ZIP code is 40022 and is primarily made up of Finchville, KY. This area is the very definition of rural with almost no typical neighborhoods. But instead, wide open spaces and lots of scenic nature. Average Household Income: $141,588 Average/Median Home Value: $405,123/$287,500 Number of Homes over $1M: 25 Source: BusinessFirstofLouisville.com South of I64 in Shelby County, you'll find lots of rolling hil

Several design trends for 2012 can be seen in this photo: smaller rooms, energy efficient windows and bringing more of the outside in. Although there are some that believe that the housing recession has passed, it has had a major affect upon real estate throughout the country. The purpose of this article is to see how the down market is changing home design trends going forward, in particular 2012. #1 Home Size Is Decreasing As a Realtor, my focus is on Louisville real estate, but Louisville, like most of the nation, is seeing fewer new construction homes being built. It's not just

Lake Forest (see above) is the most famous of all Louisville neighborhoods but there are a number of great subdivisions on 40245. Each Friday we'll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, we're looking at the #4 wealthiest ZIP code in Louisville, 40245. This ZIP is about 33 square miles just East of the Gene Snyder between I64 and I71. Average Household Income: $113,663 Average/Median Home Value: $366,348/$301,795 Number of Homes over $1M: 265 Source: BusinessFirstofLouisville.com Some of the largest neighborhoods in this area are, of course

10 factors to keep in mind and emphasize in your home listing from MSN.com. The article includes several quotes from Louisville Realtor, Tre Pryor. I work very hard to bring the home buyers and sellers of Louisville unbiased and useful information here at LouisvilleHomesBlog.com. At the same time, I make a concerted effort to not promote myself on this site like so many real estate agents. Today's post is the exception to that rule. Recently, I received a phone call from a national writer asking my opinion about neighborhoods and real estate. Frankly, I was honored! It shows that my ha

Here are several good clips from CNNMoney.com talking about some of the same topics I posted on yesteday: 1) timing of home values drop, 2) expectation of interest rate levels, and 3) unemployment projections. Good stuff!

Goshen has a few great, high-end neighborhoods like the one above but it's mostly wide expanses of grass and trees. Did I mention horse farms? Each Friday we'll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today we're posting the 5th wealthiest ZIP, 40026, a 30 square mile area in Oldham County, about 10 miles to the northeast of Louisville. Average Household Income: $107,711 Average/Median Home Value: $277,365/$217,167 Number of Homes over $1M: 24 Source: BusinessFirstofLouisville.com Bordering the Ohio River on the north and covering both sides of Hi

Lots of great neighborhoods across a fairly wide price range. This shot is of Beech Spring Farm one of Louisville's newest high-end subdivision. Each Friday we'll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today's is 40241 and it comes in at the #6 wealthiest ZIP in Louisville. You know what else? It's also my home! Sad part is that our household is likely bringing the average down. Average Household Income: $100,750 Average/Median Home Value: $261,352/$228,316 Number of Homes over $1M: 52 Source: BusinessFirstofLouisville.com This ZIP contains some g

Wide open spaces mark this ZIP code, very rural living. Simpsonville is part of it but not nearly all. Each Friday we'll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Our #7 wealthiest ZIP in Louisville today is 40067, located on the Eastern edge of Louisville. Almost 45 square miles, homes in this area generally have very large lots and healthy dose of privace. Average Household Income: $100,027 Average/Median Home Value: $364,949/$228,947 Number of Homes over $1M: 102 Source: BusinessFirstofLouisville.com Other than the Cardinal Club and a few smaller

Large lots with a healthy dose of privacy characterize homes in and around Fisherville. Each Friday we'll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, the 8th wealthiest ZIP code by Average Household Income is 40023 or Fisherville. 40023 is only about 20 square miles. A very rural setting but still in Jefferson County and close to Jeffersontown. Average Household Income: $99,667 Average/Median Home Value: $317,252/$259,173 Number of Homes over $1M: 23 Source: BusinessFirstofLouisville.com There aren't many official developments or neighborhoods bu

Homes like this one in Summerfield by the Lake highlight what amazing properties live in Crestwood. Each Friday we'll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, the 9th wealthiest ZIP code in Louisville is just outside Jefferson County to the northest in Oldham County. 40014 is approximately 57 square miles large and has a number of very nice neighborhoods. Average Household Income: $98,119 Average/Median Home Value: $261,421/$230,956 Number of Homes over $1M: 22 Source: BusinessFirstofLouisville.com There are a few Best Louisville Neighbo

This is the first of a 3-part series on real estate myths. There are many misconceptions when it comes to buying and selling Louisville real estate that I believe we can correct. If you have more specific questions, feel free to contact the LHB Editor. Replacing the front door on a home is still the only home improvement that surveys say will provide a greater return than the investment. Because there is so much information flooding our lives today, it's more important than ever to distinguish the truth from the myth. Whether is myths about foreclosures or myths about home improvemen

This Floyds Knobs home has acres of wide open spaces but is still just minutes from downtown Louisville. Each Friday we'll be counting down the wealthiest ZIP codes in Louisville, Kentucky. Today, the 10th wealthiest ZIP code in Louisville isn't actually in Kentucky, it's in Indiana. 47119 is approximately 41 square miles, just across the bridge, you know... the broken bridge? Average Household Income: $94,010 Average/Median Home Value: $241,119/$186,330 Number of Homes over $1M: 36 Source: BusinessFirstofLouisville.com Northwest of downtown, Floyds Knobs has some amaz

Buying a Louisville condo isn't the same as buying a Louisville single family home. It's important to understand the differences. Here is a very basic checklist that you should use before buying a Louisville condo. This checklist should be put together before looking at any units and making a decision based on emotion instead of logic. By sticking to this checklist you be able to find the perfect condo that you love and meets all of your criteria. 1. What is your price range? Whether you're buying a house, townhouse or condo, you'll always need to figure out how much you can afford

Mark Twain popularized this famous quote, "There are three kinds of lies: lies, damned lies, and statistics." By their very nature, numbers can be manipulated to show many results, even opposing ones, and still be factually accurate. In the world of real estate, this is true as well. But careful attention usually discerns the treasures within. Organizations collect and manipulate data in a myriad of ways. Then when the time comes to report, let's say home sales in Louisville, do they include all homes? What about condos? They're "homes" too! How about the surrounding counties? Most of

If you are purchasing Louisville real estate, or are putting your property up for sale, you may not understand how square footage is calculated in the home. A real estate agent will be calculating the square footage for you, if you're selling your home, and there are some parts of the house that may not be included in the calculations. Measuring the exterior The first thing that gets done when calculating Louisville real estate square footage is an exterior measurement. The exterior walls are measured and then sketches are made showing the home's perimeter. Depending on landscaping that