Rather than write my own piece on this topic, I thought I'd share Tara-Nicholle Nelson's well-written article called 5 MORE Foreclosure Myths - BUSTED!. Here are the key points. Myth #1: Foreclosure happens fast. Myth #2: Buyers can’t get clear title or title insurance on foreclosed homes. Myth #3: Buyers should wait for the shadow inventory to be released. Myth #4: If you’re looking for a deal, you’re looking for a foreclosure. Myth #5: Having a foreclosure on your credit history means it'll take years and years before you can buy again. All are completely valid poi

Experts think there are tremendous opportunities in real estate for those with financial means. It's no secret that the housing market has seen better days, to put it politely. In a typical market, distressed properties account for 7% of all home sales. Some estimate that nationwide, that number is currently around 41%. Louisville real estate is far below both of these. Also looking strong is Louisville, Ky., a city whose low foreclosure rate — only 1.15 percent of homes are in foreclosure, half the national average — illuminates it as one of the cities least affected by this aspe

Just a quick post to bring this issue to your attention. I feel like half of my job is battling the largely negative news coming from almost every media outlet on a daily basis. Sure, you can speak to how foreclosures are hurting builders, like the Wall St. Journal does in this piece called Foreclosed Houses Haunt Home Builders. That's certainly true. Or, you could talk about how this phenomenon positively affects consumers, who now have a much greater selection, lower home prices and historically low rates. It's almost like the media wants our economy to continue to slide with how much

It seems the popular press today didn't listen to their parents growing up. I'm sure you've heard the instruction, "If you don't have anything nice to say, don't say anything at all." Apparently only bad news sells commercial time, newspaper subscriptions and online ad clicks. Well, here at Louisville Homes Blog, I'd rather tell you the whole story and let you figure out what it means. So here in our ultra-concise delivery method is the 2008 Year in Review for Louisville, KY Real Estate. Home Values in Louisville First, you need to understand that most valuations you find online are tru