Best Bang for Your Buck in Louisville Real Estate 2015

Getting the best bang for your buck has always been important. But these days, with the multitude of choices we are blessed to have, making your decision now becomes a bit trickier.

Best Bang for Your Buck in Louisville Real Estate 2015 map
The map above is quite helpful in determining where you might want to live in Louisville. Consider your desire for space and combine it with your budget to find the best spot for you!
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Louisville Real Estate – Understanding Square Footage

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.

Photo of a homes in Heather Green Buckner KY
Understanding square footage begins with professional measuring. The PVA data may or may not be accurate.
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Unemployment Proves Bigger Factor in Louisville Real Estate Than Rates, Prices

Experts like Donald Trump and John Paulson have been touting the benefits of investing in real estate since October 2010. On this site, we’ve highlighted the very positive positions of the three key financial indicators for real estate:

  1. Interest rates
  2. Home prices
  3. Inventory
Chart of Metro Louisville Unemployment Rates, 2006-2011
Since late 2008, unemployment rates have jumped significantly. It is interesting that this coincides with the time frame in which Louisville real estate dropped.
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Is Louisville Real Estate Up or Down?

Housing news still dominates a large portion of our nation’s economic mindset. On Wednesday, Reuters wrote that new home sales hit a record low, and prices tumbled.

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.

Home Buying Process spelled out for this family
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