The National Weather Service in Louisville, KY reported that approximately 3.95" of rain fell last night in a short period of time causing a flood emergency with flash flooding. In Southern Indiana, lots more rain fell and there were several water rescues. When flash flooding occurs at nightfall it is very difficult to realize the water has flooded a road.
I hope that everyone in Louisville, KY is okay and that no one experienced major flooding in theirs homes as we just went through that on August 4, 2009.
What ever happened to a nice, peaceful, steady rain.......... it seems like it is all or none. Just yesterday morning Louisville was 1.5" below normal on rainfall, now on Monday morning, we are above normal.
More rain is predicted on Tuesday morning and this coming weekend. Stay dry!
Mike Brown, On the Move REALTORS, Inc. (502) 509-SOLD
Greater Louisville Association of Realtors Statistics for the week of: Setpember 7-13, 2009. Listed less and sold more this year than last year the same timeframe.
| LISTINGS | Residential (Single Family & Condo) |
| Sept. 7 - 13, 2009 | 533 |
| Last Year | 633 |
| SOLDS | |
| August 30 - Sept. 5, 2009 | 291 |
| Last Year | 218 |
Mike Brown, On the Move REALTORS, Inc.
Here are the some latest statistics that bold well for the housing market here in Louisville, KY:
| LISTINGS | Residential (Single Family & Condo) |
| August 31 - Sept. 6, 2009 | 652 |
| Last Year | 533 |
| SOLDS | |
| August 23 - 29, 2009 | 288 |
| Last Year | 261 |
Mike Brown, BROKER/Realtor- On the Move Realtors, Inc.
I have witnessed and represented many first time home buyers over the last 6 weeks in the Louisville, KY area. First time home buyers are a very special group in that they seem to really appreciate your efforts as their Realtor. They love for someone to actually hold their hand through the entire process. They are excited and look forward to owning their own home.
And of course, as a Realtor, I get excited to see their excitement in the American dream- owning their own home. One of my latest clients has paid rent for over 8 years. Do the math.... $750 x 12 x 8 = $72,000. Actually hard to believe. Had it not been for the $8,000 tax credit I'm not sure this first time buyer would have made the leap- so it's all good, right?
Well, not really sure what this $8,000 tax credit may do or already is doing to our National debt. The unfortunate issue may be seen down the road when we discover that our debt on a National level might really be a bad thing. Even though for now, it seems that many first timers are taking advantage of this opportunity.... I know I would if I were in those shoes. It's definitely helping the real estate market overall, but may be placing a bind on our Nation.
Only time will tell if this decision of the $8,000 tax credit was a good move or not so good.
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