Rise in home sales stirs frail hope in Louisville Realtors - Louisville Courier-Journal

You go through the Sunday advertisements looking for bargains at. Realtors Louisville Realtors squeezed out a gain in sales in July partly because sales were so low in July 2010. Before that, sales had been in negative territory, compared to a year earlier, for 12 consecutive months. The average rate on a 30-year fixed mortgage dipped to 4. Few Americans are getting raises, and many are struggling to shrink their debt loads. Naroff blamed the ?horrendous? process of qualifying for a mortgage. Sellers have difficulty accepting that their homes might not be worth what they hoped, or even what they paid for them a few years ago, he said. At that time, the federal homebuyer tax credits worth up to $8,000 had just expired. In fact, it was the slowest July since at least 2001, according to Louisville Realtors statistics. We do our best to ensure that all of the links recommended to you lead to interesting content. To find out more information about driving traffic to your content or to place this widget on your site, visit outbrain. Daily, we print and put online the watchdog stories that significantly affect you.