A new report issued by a real estate analysis firm reports that foreclosure rates in Louisville and Jefferson County were up by more than two percent in May. The news was in the “Real Estate News and Trends” publication issued by Corelogic, which is an information, analytics and business services company. The two-and-one-quarter percent rise [...]
Real estate investment giant Prudential Real Estate Investors is predicting that the struggling commercial real estate market in the country will recover much more quickly than during a similar downturn in the 1990s. Prudential said they are “relatively optimistic” about a faster turnaround for hotels, apartment buildings, retail space and office buildings.
“Last time it took [...]
After decades of serving breakfast, lunch and dinner to hungry Louisville residents, Masterson’s Food & Drink in Old Louisville closed recently, and the building will be razed to make room for a large Louisville commercial real estate project. Located for more than 50 years at Third Street and Cardinal Boulevard, Masterson’s is the future site [...]
The Louisville Metro Planning Commission recently reviewed and approved plans for a $45 million South Pointe Commons shopping center project, and the plans now require the approval of the Louisville Metro Council. The project expects to break ground on Bardstown Road just south of the Snyder Freeway in Fern Creek shortly after it receives approval [...]
The Federal Reserve Bank of St. Louis said recently that overall, conditions in and around Louisville are slowly improving, but employment has lagged behind thus far. They issued their report in their quarterly assessment. They said that manufacturing, housing markets and auto sales are improving in Louisville and nearby areas such as Southern Indiana, Elizabethtown, [...]
Despite growing losses on their commercial real estate investments and against conventional investing wisdom, stock shares of banks heavily invested in commercial real estate have been rallying recently. While many investors remain justifiably wary of investing in such banks, others are betting that the predictable hits from commercial real estate losses will not be as [...]
Even though home sales are on the rise after an economic downfall, the market is slower than it has been in past years. The values of homes overall remain less than what they were before the economy took a dive. However, note that just because home sales are slow in the Louisville real estate market, [...]
It’s tax time again! Preparing your federal and state income taxes is stressful enough. If you now own a home, there can be a whole new level of questions to which you might not have the answers. Making mistakes on your taxes can mean many things. You can end up owing more than you need [...]
February 12, 2010, marked the date for information provided by the International Revenue Service that will affect homebuyers in the Louisville real estate market. There are new guidelines for the two tax credit programs that have been created to assist in the country’s failing home owning circumstance. The credit is $6,500 for previous homeowners buying [...]
The Wall Street Journal reports that analysts at investment bank Morgan Stanley believe that the country’s commercial real estate problems are manageable. A team of six of their commercial real estate analysts said recently that the current problems that plague that sector of the nation’s real estate market are “only a moderate headwind for the [...]
