CThienemanRealtors.com Real Estate Blog

2015 Market

In 2015 about 500,000 households that lost their homes to foreclosure or a short sale back in 2007 will, if their finances are sufficiently solid, be able to again qualify for a conforming home loan. In all, over seven million such households will be added back to the pool of potential home buyers between now and 2022, with more than a million households being added in years 2016 through 2019.  

Think about that!

By: Elliot F. Eisenberg, Ph.D.


Year 2015

In 2014, the yield curve flattened considerably as long-term interest rates, like the ten-year Treasury bond, fell by about three-quarters-of-one-percentage point while short-term rates were completely unchanged. In 2015, I expect the yield curve to flatten further, but now it will be short-term rates that rise as the Fed pushes them up, while long-term rates rise by a smaller amount because of a clear lack of expected inflation.

Elliot F. Eisenberg, Ph.D.

GraphsandLaughs, LLC


Housing Sales

Housing sales peak in spring/summer, with price gains doing so as well. However, distressed sales, of which there have been many, occur relatively evenly all year. Therefore, distressed sales are highest as a percentage of all sales in fall/winter, thereby dragging down house prices and amplifying normal seasonal patterns. Distressed sales are now declining, but seasonal adjustment factors take years to adjust....

Louisville Kentucky Fun Facts

Louisville Kentucky Fun Facts

  • Louisville’s Waterfront Park is comprised of 85 acres
  • 90% of the United States’ disco balls are produced in Louisville each year
  • The Belle of Louisville is the oldest operating Mississippi-style sternwheeler steamboat in existence- She will be 100 years old in 2014!.Downtown
  • There are 2,500 restaurants in Louisville
  • The replica of Babe Ruth’s 34-inch Louisville Slugger bat weighs 68,000 pounds, is made of steel, stands 120 feet tall and is located at Louisville Slugger Museum
  • 60 tons of firework shells used each year at Thunder Over Louisville, North America’s largest annual pyrotechnics show
  • There are 554 roses used in the garland of roses presented to the winner of the Kentucky Derby
  • 100,000 Mint Juleps are poured during the Kentucky Derby and Kentucky Oaks
  • Population of Louisville metropolitan statistical area in 2000 was 1,025,598
  • There are 1,300 animals at the 134-acre Louisville Zoo
  • There are 220 acres of exposed, Devonian age fossil beds (located at the Falls of the Ohio State Park
  • The largest collection of Victorian homes in the United State and the 3rd largest historically preserved district in the United States is located in Old LouisvilleTiger
  • 17 tons of Kentucky limestone...

Most Affordable Cities

Are you looking to move to one of America’s most affordable cities? You should consider the amazing city of Louisville, Kentucky. National recognition is nice, but we all know our city is a gem.

Another year, another award for the great city of Louisville, KY. According to Forbes, Louisville ranks 8th of the most affordable cities in the U.S. How great is that?

How Forbes Ranks Affordable Cities:  Here is how Forbes went about creating their rankings. First we looked at housing affordability, using the Housing Opportunity Index (HOI) from the National Association of Home Builders and Wells Fargo WFC +0.26%. The quarterly index weighs median prices for homes sold against median income levels to determine the percentage of homes that are affordable to residents making the median income (the national median is $64,400). Then, Forbes factored in cost of living number and weighted the results with the same method that the Bureau of Labor Statistics uses for it’s Consumer Price Index (CPI).  Looking at the results, it’s clear that the best bang for your buck, when considering most affordable cities, keeps you in America’s South or Midwest. Both the Northeast and West are quite expensive.

Most Affordable Cities: Here is the list of the Top 10 Most Affordable Cities in America.

1. Buffalo, N.Y.

2. Memphis, Tenn.

3. Cincinnati, Ohio

4. Dayton, Ohio

5. Knoxville, Tenn.

6. Akron, Ohio

7. Grand Rapids, Mich.

8. Louisville, KY

9. Oklahoma City, Okla.

10. Warren, Mich.

As you can see, Tennessee, Ohio and Michigan did quite well landing multiple affordable cities in this list. At the end of the day, if you are comparing the most affordable cities in the U.S. you should definitely give Louisville some consideration. Located in the center...

March Madness

There is a billion dollar prize for correctly predicting all 63 games in the NCAA College basketball tournament.

Assuming you can guess the winner 70% of the time, which has never been accomplished, your chance of winning is one in ten billion (1/10,000,000,000).

Lowering your chances of prediction to 60% which is positively superhuman, your chance of winning falls to one in hundred trillion (1/100,000,000,000,000)!

Do you like your chances? Good luck.       

Info provided by:     Elliot F. Eisenberg, Ph.D.


Winter Olympics

Since the first Winter Olympic games in 1924 through the Vancouver games of 2010, Norway, with a population of five million, has won more gold and total medals (303) than any other nation. The U.S. is second in gold and total medals (254) but has a population of 314 million, 63 times that of Norway. This year these nations will fight it out for spot number one. 

Information by   Elliot F. Eisenberg, Ph.D.


Musical Fun Facts

Among the 10 songs with the most royalties, "The Christmas Song" (1944) at #10 with $19 million in royalties, "Santa Claus is Coming to Town" (1961) at #6 with $27 million and "White Christmas" (1940) at #2 with $36 million have a Christmas theme. The highest grossing song ever is "Happy Birthday" with over $50 million in royalties (and climbing by $5,000/day) since its debut in 1893.

Maybe we should start writing songs?


Information from     Elliot F. Eisenberg, Ph.D.


Louisville Halloween Activity

Halloween Season is here, ready or not!  If you are looking for things to do with the family in Louisville KY, here are a couple ideas? 

The Jack-O-Lantern Spectacular


The Jack-O-Lantern Spectacular began in Oxford, Massachusetts in 1988. It’s entertainment for the entire family. The Louisville event, October 10 – November 2, will be held in Iroquois Park with 5,000 carved pumpkins lining a ¼-mile walking trail, illuminated at night as an “art show” daily from dusk to midnight during the week and 1 a.m. on the weekends.

  • Nightly illumination
  • Entertainment for the whole family
  • 5,000 illuminated pumpkins on a 1,500-ft. trail with over 100 carved into veritable works of art
  • Presented in themed scenes with music
  • Proceeds benefit the Louisville Metro Parks Foundation & Kosair Charities

INFO FROM: http://www.jackolanternlouisville.com/

Are you wanting to feel the season a little more?  Visit some Haunted Houses. 

Waverly Hills Sanatorium:

Waverly Hills Sanatorium is known as, “the most haunted place in the world…” We choose to call it, “the most SPIRITUALLY ACTIVE place in the world.”

We didn’t get that title and reputation for nothing… There is spiritual and paranormal activity happening here every day — all the time

Our annual Haunted House fundraiser will be opening on September 27th!!! We will run the haunted house every Friday and Saturday night through November 2nd. Gates...

Real Estate - Interest Rates

All interest rate increases aren't created equal. A rise in 10-year treasury rates from 2%, where they are now, to 3% or 4% is a sign of improving business conditions and opportunities resulting from a strengthening economy. By contrast, a rise in rates from, say, 5% to 7% or 8% is a sign of an overheating economy that is creating systematic inflationary pressures and must be cooled.        


Information provided by Elliot F. Eisenberg, Ph.D. GraphsandLaughs, LLC.  C. Thieneman Realtors does not take credit for information.


2013 Housing Update

In yet another sign the housing market is strengthening, the number of distressed sales (foreclosures and short sales) has declined dramatically. Moreover, short sales now generally outnumber foreclosures in most cities, a far cry from the situation just last year. Even if existing home sales don't increase much in 2013, the fact that distressed sales are being largely replaced by conventional sales means the market is on the mend.

Article written by Elliot F. Eisenberg, Ph.D.

C. Thieneman Realtors take no credit for information.



Preventing Pipes From Freezing

If you've ever had the misfortune of having a water pipe freeze and burst, you know that's an experience you only want to have once in a lifetime. It's not just the aggravation and cost of fixing the pipe itself, it’s the damage the burst pipe does to the rest of your home. Walls, ceilings, floors and personal possessions stored in the basement or crawl space can all be ruined. Damages are sometimes covered by insurance, but depending on circumstances, you might just be on your own. Plus, even if your home insurance does cover the damage, you're still going to be living in a construction zone until the mess gets repaired. Obviously, making sure your pipes don't freeze is a much better option.

Draining the Lines

Before cold weather, shut off the valves supplying your outside water lines. Individual supply lines running to the outside (hose bibs for example) will usually have a shut off valve on the inside of your home, close to where the supply goes outside. Drain the outside lines by opening the tap and then leave it the open position. This will allow any small amount of water that might be left in the line to freeze and expand without causing any damage.

The major damage from frozen pipes comes when a home is unoccupied during a cold spell and the pipes freeze solid. When the pipes warm up, water flows out of the broken pipes into the walls and down through ceilings creating thousands of dollars of damage. If you're going to be away from your home for a while, you can prevent this from happening by actually shutting off the water supply to your entire home, then opening the taps and draining the water in the pipes. (Be sure you shut off your hot water tank as well.) This way, even if your furnace does stop working while you're away, there isn’t any water in the pipes to...

Real Estate Forecast 2013: The Housing Market

Real Estate Forecast 2013: The Housing Market

The housing market will improve moderately in 2013, but nobody will mistake this for a boom. The gains in activity and prices will be a welcome relief, but will leave many homeowners still underwater.

The usual way of discussing housing problems is misleading. Foreclosures, short sales, shadow inventory, upside-down mortgages are all symptoms. The fundamental problem that we have is an excess supply of housing units.

The normal housing vacancy rate for owned property (single family houses and condos not in the rental market) is around 1.5 percent nationally. Our high was three percent, but we are now down to 2.1 percent.  Rental properties are normally about seven to eight percent vacant. (Local norms may be higher or lower.) We reached a peak of 11 percent rental vacancy a few years ago, but have improved to 8.6 percent in the latest observation.  Despite recent gains, we still have too many houses for the current level of demand.

(Data note: these data are a little soft. They do not exactly match vacancy information from other sources, such as the decennial census. They should be taken as a general magnitude, not high fidelity information.)

The improvement we’ve seen recently results from a simple phenomenon: construction of new fewer housing units has been less than the growth of demand. Last year total units (single family houses plus the number of apartment units) ran just over 600,000. This year we’ll probably build about 750,000 units. At the peak of construction in 2005 there were...

Tips to Save Energy and Add Value

When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.

1. Begin with a Right-Sized Home.

If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset. 

2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.

And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges. 

3. Install Efficient Lighting Such as Compact Flourescent (CLF) or LED Bulbs in Every Fixture.

Lighting accounts for about 6 percent of an energy bill each year.

4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.

You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your  thermal envelope, which includes insulation, windows, and doors  and the seals or weather stripping around them. Visit energy.gov/energytips for more tips.