Thursday, May 17
Even while signs of a real estate recovery are rising up across the nation, we’re still a ways off from the high watermark of 2005 when Louisville saw 33% more homes sold than were sold last year. That’s quite a drop! When homeowners are not moving into new homes, they are updating their current homes. [...]
Looking at the decline of Louisville home values for each area during 2011, we saw a wide range in values, to speak bluntly. Whenever data is aggregated, we lose the important differences that show how real estate is really best viewed in more homogeneous micro-areas. For area-by-area Louisville housing report charts (8 monthly and 7 [...]
The great housing recession has brought a number of problems to homeowners and real estate professionals nationwide. Mortgages are harder to get, a multitude of families are losing their homes and the crisis has taken a massive swipe out of real estate jobs from sea to shining sea. To be fair, there are some winners [...]
In one of my light-bulb moments, I discovered that (at least here in Louisville) unemployment has proven to be a bigger factor in determining home sales activity than traditional real estate metrics. Now that unemployment has started trending lower it will be interesting just how much sales will be affected, especially considering that interest rates [...]
Here we go again. Will there ever be an end to the shenanigans surrounding the East End bridge? What is seemingly a straight-forward eminent domain case has met opposition from a handful of people with apparently an ocean full of financial backing. InsiderLouisville.com has been covering this case (with some great work by Curtis Morrison, [...]
The seasonality of home sales follows a regular curve though not Bell in shape. When the weather warms up, more home buyers are out shopping. It’s as simple as that. Given the incredible improvements in Louisville home sales during January and February, many thought March would continue the trend, with hopes of selling 700+ homes [...]
There are many ways to look at data. Many can seem straight-forward, but there’s always a twist. If you live in Louisville’s Area 4 and read InsiderLouisville’s year end analysis, you’d be distressed to see home values dropping 15.2 percent in your area. What I’m about to share about home values should alleviate some of [...]
Louisville’s Realtor population down roughly 22% during housing recession. Rebound around the corner?
I learned the other day that a good friend was becoming a Realtor. Knowing what I know about the Louisville real estate market, I wondered to myself, “What in the world is she thinking?!” This brought me to the larger question, “How many Realtors have left the business due to the housing recession?” To learn [...]