Archive of Louisville real estate

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Shermageddon Makes Kentucky Housing More Desirable

Posted by Tre Pryor, Editor-in-Chief on September 09, 2011 in News tagged with , , , ,

The time it will take to repair the Sherman Minton Bridge will help home sellers in Kentucky while hurting those in Indiana. The big news in Louisville these days is the shutdown of the Sherman Minton Bridge, or what a creative mind termed Shermageddon. You see, because the politicians have feuded with East End money for literally decades about building the obviously logical East End bridge, the importance of the currently over burdened bridges has gone up. Way up! Repairing the bridge is going to take some time. ("Some" is a nicely ambiguous word, right?) Engineers still haven't com

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Spring Reveals Some Signs of Rebound in Louisville

Posted by Tre Pryor, Editor-in-Chief on March 03, 2010 in Trends/Statistics tagged with , , ,

With basketball season almost complete, thoughts of another kind of rebound is quickly approaching. Spring always holds an upswing in Louisville real estate but the real question is, "How will this Spring compare to the last two Springs?" This AP story cites a "partial rebound in consumer confidence" as a reason for optimism. The Conference Board said Tuesday its Consumer Confidence Index rose to 52.5 in March, recovering about half of the nearly 11 points it lost in February. Analysts expected a reading of 50 for March, but the index is still far below the 90 reading that's considered

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Louisville Real Estate Responds to Market Conditions

Posted by Tre Pryor, Editor-in-Chief on February 02, 2010 in Residential tagged with ,

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

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Prices Drop Nationally, While Sales Increase in 2009

Posted by Tre Pryor, Editor-in-Chief on January 01, 2010 in News tagged with ,

It appears that while home values were down more than expected for 2009 the number of sales increased over 2008. Keep in mind that the following data is from an AP story considering the country as a whole. Still, prices plunged by more than 12 percent last year - the sharpest fall since the Great Depression. The price drop for 2009 - to a median of $173,500 - showed the housing market remains too weak to help fuel a sustained economic recovery. Total sales for 2009 were nearly 5.2 million, up about 5 percent from 2008. As we wrote earlier this month about real estate in Louisville, Kentu

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Louisville Home Owner Asbestos Prevention Info

Posted by Tre Pryor, Editor-in-Chief on February 02, 2009 in Home Improvement tagged with , , , ,

This article was written expressly for LouisvilleHomesBlog.com by the good folks at Asbestos.com so that you can better protect yourself and your loved ones here in Louisville, Kentucky. Asbestos is a highly fibrous mineral whose qualities made it one of the most desirable building materials in the 20th century. Manufacturers of asbestos were aware of its potentially harmful components, but continued shipping the product anyways. Its main uses were found as insulation, piping, brake lining, flooring and roofing. Located on the Ohio River, asbestos exposure incidents in Kentucky have mainly

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