September 2011

There are 108 blog entries for September 2011.

<< 1 6 7 8 9 10 11

Multiple Master Bedrooms is new Housing Trend

Thursday, September 1st, 2011 at 2:35am. 982 Views, 0 Comments.

louisville kentucky multiple master bedroomsAs I’m sure many of you read my other article What do Buyers want in Real Estate?, I’m going to elaborate on another new trend that was recently touched on in The Courier-Journal, that is making its way into the list of things that buyers want when they purchase new housing:

Multiple Master Bedrooms – that include their own private baths.

Its growing in popularity and appears to be the wave of the future. Why? There are several reasons. The most obvious answer is consolidating of households. As time goes by, children’s parents may want to move in with their children and share a home. The multiple master bedrooms concept gives them the privacy and convenience of having their own facilities accessible just for them to use whenever they want,…

Read Full Post »

Shelbyville Kentucky Real Estate Foreclosures Increasing

Thursday, September 1st, 2011 at 2:29am. 990 Views, 0 Comments.

shelbyville kentucky realtorsAccording to The Sentinel-News, foreclosures in Shelbyville Kentucky are increasing this year for 2007. The commissioner at the Shelby County Circuit Court said that last year there were 120 foreclosures, and projections for this year range from 160-180.

Most recently, the commissioner has been getting 4 referrals a week for foreclosures.

Most persons feel that this can be tied to the subprime mortgage lending market, and the somewhat soft economy. This has resulted in a lot of changes for the mortgage industry, most notably the removal of 100% financing being available for home buyers.

I think that has some part to do with it, but I believe it also can be tied to the overinflated values and inventory for the Shelbyville Kentucky real estate…

Read Full Post »

St. James Court Art Fair in Louisville Kentucky October 5-7 2007

Thursday, September 1st, 2011 at 2:22am. 1370 Views, 0 Comments.

louisville kentucky st james court art showThe St. James Court Art Fair opens today in Louisville Kentucky. This show has been named the Best Fine Art & Design Show in the United States 3 of the past 4 years by Sunshine Artist Magazine. [It was a landslide in this year's vote: The St. James Art Fair received more than TWICE as many votes as the 2nd place festival.]

The show is open Friday October 5, 2007 and Saturday October 6, 2007 from 10:00 am – 6:00 pm. And is open Sunday October 7, 2007 from 10:00 am – 5:00 pm.

Admission is free and will be going rain or shine. One important note: no pets are allowed, so keep your pets at home!

The show is held in historic Old Louisville south of Central Park on St. James Court and Belgravia Court, as well as the adjacent blocks of Magnolia Avenue…

Read Full Post »

Louisville Kentucky Hurstbourne

Thursday, September 1st, 2011 at 2:18am. 1133 Views, 0 Comments.

hurstbourne louisville ky homes for saleWe have 2 interesting pieces of information about Hurstbourne today.  Both stories came from reading the Louisville Kentucky newspaper The Courier-Journal.

The first intersting piece of news:  Hurstbourne is celebrating its 25th anniversary as a city this year.  The city became official when there was discussion of absorbing the area of Hurstbourne into Louisville.  At the time, the tax rate for Louisville Kentucky was 59 cents per $100 of assessed value.  The residents of this area did their own study and found that their projected costs were in the order of less than 20 cents per $100 of assessed value.  And thus, Hurstbourne became a 4th class city.  Hurstbourne currently has an annual budget of $1.7 million and approximately half of that…

Read Full Post »

Real Estate Homes Mortgages Decline

Thursday, September 1st, 2011 at 2:13am. 659 Views, 0 Comments.

homes for sale in louisville kentuckyThe number of real estate homes mortgage applications on a national level declined for the second straight week.  This would indicate a drop in demand for home purchases and home refinancing.

The Mortgage Bankers Association stated that after making adjustments for the season, the number of applications fell 2.7%.

But some persons feel that this is merely a correction in the industry.  It is believed that the number of mortgage applications was artificially inflated due to real estate mortgage applicants filing multiple applications with a variety of mortgage institutions due to concerns about qualifying and the uncertainty within the mortgage industry itself.

This would of course then have a rebound effect as most persons would only take one…

Read Full Post »

Louisville Kentucky Real Estate Market September 24-30 2007

Thursday, September 1st, 2011 at 2:07am. 649 Views, 0 Comments.

louisville kentucky real estate houseThis week's statistics are in from the REALTOR Direct Newsletter. Here's how they shape up:
LISTINGS:Residential (Single Family & Condo)
Sept. 24 – 30679
Last year609
SOLDS:Residential (Single Family & Condo)
Sept. 16 – 22253
Last year318
As you can see, relative to last year, listings are up and sales are down. This would indicate a softening of the real estate market, and a strengthening of the buyer's market that is already there. And if you look further beyond a straight comparison between last year and this year, you can see that listings are nearly TRIPLE the amount of sales that have occurred in the Louisville Kentucky Real Estate metropolitan area. This…

Read Full Post »

Woods of Glen Oaks subdivision gets approval from Fiscal Court

Thursday, September 1st, 2011 at 2:01am. 1504 Views, 0 Comments.

oldham county kyA 37 home subdivision built on 32 acres has received approval from Fiscal Court.  This property is located a short distance from Jefferson County across the Oldham County line.  The property was zoned as conservation.  The developer Icon Properties will still need approval from Jefferson County Planning and Zoning Commission to approve its preliminary development plan.

Many of the neighbors in the area were quite upset with the result and felt that its one more example of development moving into environmentally sensitive areas.  Concerns environmentally, and ecologically were raised as objections to the proposed development, but weren’t enough to sway the approval.

Icon Properties has agreed to several concessions including an easement that…

Read Full Post »

College Industrial Park purchased by Pennsylvania based developer

Thursday, September 1st, 2011 at 1:55am. 614 Views, 0 Comments.

louisville ky real estate developmentCollege Industrial Park has been purchased by Exeter Property group, a Pennsylvania based company. This park is located west of U of L’s Belknap Campus. The development is one of the oldest in Louisville KY. The property is currently approximately 30% occupied. Exeter intends to buoy the current tenant base immediately and triple the amount of tenants within the next 12 months. Exeter will be opening a new Mid-South regional office in Louisville to help oversee the progress for this development. This office will also oversee developments in Nashville TN, Memphis TN, Columbus OH, and St. Louis MO.

This is the 4th large property that Exeter has purchased in Louisville Kentucky in the past 6 months. They purchased 2 properties at the Jefferson Riverport…

Read Full Post »

<< 1 6 7 8 9 10 11