Goshen KY Real Estate

There are currently 30 blog entries related to this category.

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Soft Real Estate and Housing Market May Affect Charities

Thursday, September 1st, 2011 at 4:11pm. 898 Views, 0 Comments.

soft real estate and housing market may affect charitiesAccording to the Louisville Kentucky newspaper, The Courier-Journal, the soft housing market may affect persons that you wouldn’t normally consider:  the homeless.

Most of the persons that donate to charities and help them through the winter months, are also the persons most likely to be feeling some of the fallout from the real estate markets and mortgage industries.  Add in rising food and energy costs, and many persons with disposable incomes to help out others, may start feeling the pressure that they need to help themselves first.

And then add in more persons in need of charitable assistance this year – many charities are reporting up to a 25% increase in persons in need this year.

Then add in the recent drop in the stock market (the S&P…

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Rural Development Office provides Home Repair Loans

Thursday, September 1st, 2011 at 4:07pm. 1838 Views, 0 Comments.

rural development office provides home repair loansThe Shelbyville Kentucky newspaper, The Sentinel-News, had an article today about the United States Department of Agriculture (USDA) Rural Development Office is going to be providing home repair loans for very low income applicants in the following counties:

Shelby County

Henry County

Oldham County

Spencer County

Franklin County

Trimble County

Applicants desiring to make application for the program, can apply at the Rural Development Office located at 90 Howard drive in Shelbyville Kentucky.

The maximum possible loan under this incentive program is $20000 with the interest set at 1% with a loan term not to exceed 20 years.

The uses for the home repair loans can be for a variety of needs including:

Gutters

Doors

New Septic…

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Kentucky Ranks 8th in Business Climate

Thursday, September 1st, 2011 at 3:59pm. 1106 Views, 0 Comments.

kentucky ranks 8th in business climateSite Selection magazine (a magazine with an international reader base in regard to economic development) has just released its 2007 Annual Business Climate Rankings – and Kentucky placed 8th for business climates.  Some of you may ask, “What is a business climate and what does it mean?”.  A business climate essentially is an evaluation of numerous factors for a particular area’s performance, as well as opinions of corporate executives for how well a state provides an ease of doing business, overall business costs, and other areas that promote business development, growth and incentives.

This award is just one of many that Kentucky has received recently fro economic development awards.  Other recent awards and honors include:

Annual…

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United States Job and Payroll Growth in October

Thursday, September 1st, 2011 at 3:46pm. 869 Views, 0 Comments.

The Louisville Kentucky newspaper, The Courier Journal recently had an article about United States jobs and payrolls. Employers have added two times the number of jobs that was previously projected for the month of October 2007. The Labor Department also noted that payrolls grew by 166000, and that the unemployment rate didn’t move and is holding steady at 4.7%. All of these are good indicators despite the nervous economy regarding the housing market being soft and mortgage industry being in turmoil. Kentucky’s rate for unemployment is at 6.1%.

The job increases came primarily from the following sectors:

legal services

temporary help firms

hotels & motels

schools

restaurants

bars

hospitals

accounting & book keeping…

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2008 Ryder Cup Louisville Kentucky

Thursday, September 1st, 2011 at 4:14am. 990 Views, 0 Comments.

ryder cup louisville kentuckyThe Louisville KY  newspaper The Courier-Journal had an article today about the 2008 Ryder Cup to be held in Louisville Kentucky.  This will be the 37th Ryder Cup golf championship and will be held at Valhalla Golf Club located on the east side of the city on Shelbyville Road US 60 on September 16-21 2007.  The entrants consist of 12 players per team – but their staff, delegates and support can swell that number to as many as 300 per team.

This golf tournament, while one of the great wonders in sports, is also expected to draw 240,000 visitors to the state.

This has caused a rush on local hotels as they are filling up fast for the event.  Hotel rates usually range from $80 – $100 in the Louisville KY metropolitan area, but for the dates during…

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Jefferson County Kentucky 2007 Tax Bills sent

Thursday, September 1st, 2011 at 4:11am. 1074 Views, 0 Comments.

The Louisville Kentucky newspaper The Courier-Journal wrote an interesting article today about the Jefferson County Kentucky 2007 tax bills.

Almost 308,000 tax bills have been sent out to property owners in Jefferson County KY.

2007 Tax Rates are as follows:

Jefferson County (metro government)  12.55 cents per $100 of assessed value.  [This is down .05 cents from 2006.]

State of Kentucky 12.4 cents per $100 of assessed value [This is down .4 cents from 2006.]

Jefferson County public schools 61.5 cents per $100 of assessed value [Same as 2006.]

To give an example for a homeowner that would be assessed all 3 of those taxes on home that has a value of $200,000, they will pay $1729 this year.

Persons that pay their tax bill early no…

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Kentucky Real Estate Foreclosures

Thursday, September 1st, 2011 at 4:10am. 940 Views, 0 Comments.

kentucky real estate foreclosuresThe Lexington Kentucky newspaper, Lexington Herald-Leader, had an article yesterday that discussed foreclosure rates nationally compared to Kentucky real estate foreclosures.

According to the article, foreclosure rates nationally increased by 30%, which brings the total to more than double what they were a year ago.  On the other end of the spectrum, Kentucky real estate foreclosures only increased by 3.5% putting Kentucky below the national average, and 36th overall for the 3rd quarter 2007, and is actually a decrease of 0.2% from the previous year’s 3rd quarter in 2006.

Despite the somewhat weak national real estate market, Kentucky continues to weather the storm so to speak with little effect here on a local level.

Nationally, in the 3rd…

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Real Estate Mortgage Rates Decrease

Thursday, September 1st, 2011 at 4:07am. 728 Views, 0 Comments.

real estate mortgage rates decreaseThe Lexington Kentucky newspaper, the Lexington Herald-Leader reports today that a real estate mortgage rates decrease has happened over the past week.  Rates for 30 year mortgages dropped to the lowest level in 5 months at 6.26% according to Freddie Mac which is down from 6.33% the week before.

5 months ago on May 17 2007, 30 year mortgage rates were at 6.21%.

15 year fixed rate mortgages have averaged 5.91% which is down from 5.99% last week.

5 year adjustable rate mortgages averaged 5.98% which is down from 6.03% last week.

1 year adjustable rate mortgages averaged 5.57% which is down from 5.66% last week.

Its a good time to buy real estate in Louisville Kentucky especially if you are moving up to a more expensive property.  A lot of…

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Countrywide Financial Stock Shares Increase in Price

Thursday, September 1st, 2011 at 3:59am. 894 Views, 0 Comments.

countrywide financial mortgageThe Louisville KY  newspaper The Courier-Journal is reporting in the Saturday October 27 2007 edition, that Countrywide Financial (the nations largest mortgage lender) lost $1.2 BILLION dollars in the 3rd quarter – its first loss in its 25 year history of being in business – and yet, its stock shares increased in price.  The question that immediately comes to most persons minds is:  Why?

As you recall, several months ago, there was concern that this Calabasas California based company may even go bankrupt.  That concern was staved by an infusion of monies from various sources including Bank of America.

The primary reason for the increase in stock share price, is company projections for a profitable 4th quarter, as well as the entirety of…

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2007 REALTORS Conference and Expo in Las Vegas

Thursday, September 1st, 2011 at 3:17am. 767 Views, 0 Comments.

louisville realtorsI wanted to touch on the upcoming convention that is scheduled next month in Las Vegas.  It is the 2007 REALTORS Conference and Expo to be held November 13 – November 16 2007.

The National Association of REALTORS (NAR) holds a conference every year where all of the members can come exchange ideas, keep up to date on the latest market changes, and socialize with their peers across the globe.

There are various educational seminars, forums, and training sessions at this year’s conference.

The slogan for this year is “No Limits”.  More than 700 exhibitors are expected to be in attendance.  This will give persons the opportunity to view the latest tools for marketing that are currently available.

The conference will be held at the Venetian…

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