As the federal tax credit program for first-time homebuyers is ending, some Louisville homebuyers are taking advantage of Kentucky’s lesser-known $5000 tax credit for buying a new house. Kentucky’s tax credit went into effect last July 26 and although it cannot be combined with the federal tax credit, Louisville real estate professionals say it is [...]
Real estate professionals have known for years that a furnished home sells much faster than a vacant one. Homeowners and real estate professionals across the country are turning to the process of virtual staging in an effort to sell the many thousands of vacant homes across the country. According to testimonials from real estate agents [...]
A report released recently said that more Americans signed contracts to buy a home in July than in June, marking the longest streak of increases on record. The National Association of REALTORS® pending home sales index rose 3.2% in July after rising by 3.6% in June, which is 12% higher than July 2008, and [...]
Commercial real estate owners and developers will get some much-needed flexibility to rework their mortgages or receive loan extensions under a new federal tax rule that could provide some relief to a deeply troubled sector of the real estate market. The new Internal Revenue Service rule will affect loans that are backed by office parks, [...]
The U.S. Commerce Department said recently that home building permits, an indicator of future construction trends, fell last September by the largest amount in five months. The decline came at an unfortunate moment while Congress is considering whether to extend the tax credit for first-time homebuyers. The Commerce Department said that new home construction rose [...]
During the second quarter of 2009, some parts of the country saw modest gains in economic recovery, but Louisville’s economy still appears to be struggling according to a Metro Monitor study released recently by the Brookings Institute. In a ranking of 100 metro areas in the U.S. measured by the unemployment rate, gross metropolitan product, [...]
Some Louisville residents may be moving soon if the Metro Sewer District’s plan, along with the Army Corps of Engineers, provides an option for owners of Louisville homes in flood-prone areas to move elsewhere. The proposal would buy Louisville houses in these areas and homeowners given the option to sell and move. The proposal is [...]
Folks who want to take advantage of the tax credit for first-time homebuyers are running out of time. Unless Congress votes to extend the program—and some legislators are for it—the tax credit of up to $8000 will expire in December. Given the length of time that it takes to arrange financing, home inspections and [...]
When it’s time to sell your home, it is easy but a little expensive to go the traditional route and hire a real estate agent to help you sell your home. They have the resources, contacts and infrastructure in place to facilitate the sale of your home and relieve you from having to do the [...]
