The Louisville Real Estate Blog

How to Finish Out the Summer in Louisville

Finishing Out Summer in Louisville with Things to Do, Events and Activities

As we creep into August, you may be feeling blue that the summer is coming to an end, but don't worry! There's still plenty of fun to be had in Louisville for summer 2014! Check out these events:

Annual Korean War Ex- POW Association Reunion will be hosted by the Brown Hotel July 27th through August 3rd. This is their 39th reunion. Find more information here.

Carmichael's to Open Children's Store on Friday, August 1st. Carmichael's is Louisville's oldest independent bookstore and they're opening a store that is just for kids this summer! Find more information here.Fun Things to Do in Summer in Louisville

AnimeCon at Louisville Free Public Library will also be August 1st. Enjoy Asian culture and Japanese animation. See here for more information.

Kentucky Show is during the month of August at the Kentucky Center. Go here for more information.

Creekside Jam, a Parkland's Benefit happens August 1st and is the very first ticketed concert at The Parklands of Floyd's Fork. See here for more information.

Monsters: A Celebration of Horror...

Mixed bag for Louisville home sales in June 2014

Louisville Home SalesIt’s a mixed bag of good and bad news for home buyers and sellers these days. Imagine you're a seller who has made improvements to your home, you list it, get an offer only to find out an appraiser says the home was not worth the contract price. That’s just one of the problems home sellers are running into these days.

The good news is he number of homes going under contract in June was up 5.8% over the same month the year before. But the downward trend continues for the number of homes actually closing. In June the total was down 6.9% from June 2014. From a distance that trend is no big deal, but after looking more closely at the problem there are three concerns that are causing fewer closings this year compared to last year.

The problems are being faced by both buyers and sellers and stem from mortgage companies appraiser’s and home inspections. Let’s review each one to give you an idea of what’s happening:

  1. Appraisals - there are 5.7% fewer homes on the market this past June compared to June 2013. In some areas of Louisville buyers were literally climbing over each other last month to get a home that was in good condition and priced correctly. In a number of cases the final sales contract was well in excess of the original asking price. When appraisers were being asked to appraise the home they had to use antiquated 3 ½-year-old appraisal guidelines (created by the government and banking institutions)when...