Jefferson County

There are currently 31 blog entries related to this category.

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Lower priced homes have strongest gains in Louisville Kentucky

Friday, September 2nd, 2011 at 11:41am. 733 Views, 0 Comments.

lower priced homes have strongest gains in louisville kentuckyThe Greater Louisville Association of Realtors has recently come out with some intriguing numbers.  The amount of homes for sale in Louisville Kentucky  that are priced at $50,000 or less is up 14% from a year ago in 2006.

These prices are appealing for investors looking to either buy and hold, or repair and flip the cheaper properties as they have a greater margin for profit per dollar invested in the project.

This has met with mixed reviews and opinions from many neighbors that live in those areas.  Some have raised concerns that if the homes become rentals, that the occupants may not take care of the property in the same manner that a traditional homeowner may be inclined to do.

Others have felt that while rentals may not be the most…

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Foreclosed Real Estate decreases by 10 percent in the United States

Friday, September 2nd, 2011 at 11:34am. 1603 Views, 0 Comments.

foreclosed real estate decreases by 10 percent in the united statesForeclosed real estate decreased by 10 percent across the United States for the month of November 2007.  Kentucky saw a decrease of 6.65%.

This is significant in that this is the first time there has been a double digit percent decrease in foreclosures since April 2006 – some 20 months ago.

But, we aren’t out of the woods yet so to speak.  There are predictions for a very strong foreclosure rate in the 1st quarter of 2008 – a primary cause being the seasonal influx of persons that are filing before various deadlines, as well as those that may file due to an increase of adjustable mortgage rate persons having their mortgages reset and the current home owner not being able to address the debt service of the higher payment for their…

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Louisville KY takes Prospect Kentucky to Supreme Court over Land Dispute

Thursday, September 1st, 2011 at 5:19pm. 1250 Views, 0 Comments.

louisville ky takes prospect kentucky to supreme court over land dispute5 years ago in 2002, when Louisville announced was nearing the change of the city limits to include the metropolitan area of Jefferson County Kentucky, there was a policy rules announcement that included a moratorium on any land acquisitions by government until the year 2015.

Prospect Kentucky then “snuck in under the radar” so to speak, and acquired 50 acres located between Highway 42, and Riber Road in between Ken Carla Drive and Timber Ridge Drive close to Harrods Creek, just before the metro Louisville KY came into existence, and with it, the rules prohibiting such acquisitions.

Louisville KY has since been in litigation with Prospect Kentucky saying that Prospect acted illegally by knowingly grabbing the property into its city just before the…

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Downtown Louisville KY Real Estate Development

Thursday, September 1st, 2011 at 5:06pm. 1302 Views, 0 Comments.

downtown louisville ky real estate developmentLocal Louisville KY real estate developer Kevin Cogan has big plans for 2 new office buildings to be located in downtown Louisville Kentucky.  The plans call for 2 office building with 12 floors each on top of parking that will encompass 8 floors each to be built at the corner of Jackson and Main Streets (in between Preseton & Jackson, and Jefferson & Main), immediately across the street from Louisville Slugger Field. To view properties for sale in the area try out Downtown Louisville Condos for Sale or Old Louisville Real Estate to view properties in the area. For anyone desiring to search the metropolitan area you can do so at Louisville Homes  for easy and fast 1 click search features.

The project is estimated at $150 million and will feature 2…

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Proposed Oldham County KY and Shelby County Kentucky Airport

Thursday, September 1st, 2011 at 5:01pm. 2956 Views, 0 Comments.

proposed oldham county ky and shelby county kentucky airportThere are currently 3 sites being considered for a possible airport to be put in either Oldham County and/or Shelby County Kentucky.  The proposed sites would encompass approximately 250 acres with estimation of costs in the $20 million range.

Most residents in the areas feel that an airport isn’t needed given the proximity to other major airports including in Louisville Kentucky, Lexington KY, and northern Kentucky in Covington / Cincinnati.

Bowman field in Louisville KY is approximately 30 minutes away from the proposed sites.

Current estimates for air traffic for the proposed airport is over 100 plans arriving/departing per day.  But there would not be a control tower or air traffic controller handling and managing the incoming/departing…

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United States Real Estate Market affects Job Hiring

Thursday, September 1st, 2011 at 4:51pm. 1001 Views, 0 Comments.

united states real estate market affects job hiringAccording to the most report from Washington D.C., the United States real estate market had a negative impact on job hiring for the past month of November 2007.

Many construction companies fired employees in an effort to reduce costs during this slower real estate market.  Mortgage companies, real estate companies, and banks followed suit.

Still, unemployment overall remains at 4.7%.  Kentucky’s unemployment rate was 5.6%.

There were modest employment gains overall – primarily as a result of the services industry.

These modest job gains will likely stimulate the Federal Reserve to make interest rate cuts to help ensure that the economy remains moving forward.

Some more detailed information is as follows:

Non-farms payroll increased…

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Unemployment Rate Increases for 94 Counties in Kentucky

Thursday, September 1st, 2011 at 4:38pm. 931 Views, 0 Comments.

unemployment rate increases for 94 counties in kentuckyWithin the past year (October 2006 through October 2007), the unemployment rate has increased for 94 Counties in Kentucky.

Only 18 Counties in Kentucky saw the rate decrease – while 8 Counties made no change within the past 12 months.

The dubious highest unemployment rate honor goes to:

Jackson County @ 10.2%

The 2 lowest Counties were:

Fayette County and Warren County @ 3.7%

It is important to note that these numbers represent a trend for employment, rather than noting how many persons may actually be working. Persons that are not currently seeking employment over the course of the past month are not included in these figures.

Various reasons can be attributed to the increase – including a softening economy and real estate…

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30 Year Mortgage Rates Lowest in 6 months

Thursday, September 1st, 2011 at 4:27pm. 1457 Views, 0 Comments.

30 year mortgage rates lowest in 6 months30 year mortgage rates are the lowest that they have been in 6 months.  The rates dropped to an average of 6.20% for a 30 year fixed rate mortgage.  The previous week, they averaged 6.24%.

This is the lowest rate that they’ve been since the week of May 10 2007 where they were at 6.15%.

15 year mortgages also dropped to 5.83%.  The prior week, the 15 year fixed rate mortgage was at 5.88%.

5 year adjustable rate mortgages were down to 5.88%.  The prior week, they were 5.96%.

1 year adjustable rate mortgages were 5.42%.  The previous week, they were 5.50%.

Its a great time to buy real estate in Louisville Kentucky.  Search for homes for sale in Louisville Kentucky now – and see if you can lock in a good deal today! For anyone that…

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Kentucky Employment Rate Increases in October

Thursday, September 1st, 2011 at 4:24pm. 1466 Views, 0 Comments.

kentucky employment rate increasesThe Friday November 23 2007 edition of the Shelbyville Kentucky newspaper, The Sentinel-News reported that the Kentucky employment rate saw increases in the month of October.

The unemployment rate for Kentucky was 6.1% in September.  In October, the unemployment rate was 5.6%.

Across the United States, the jobless rate has been fairly constant recently maintaining at 4.7% through September & October 2007.

Of the 11 major non-farm job classifications, 4 of them saw employment increases for the month of October.

6 of the major non-farm job classifications saw decreases for employment.

1 remained unchanged.

A net change of 100 jobs decrease was seen in October 2007 for Kentucky’s non-farm employment.  The total is currently: 1856500 jobs.…

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Louisville Kentucky Events – Light Up Louisville

Thursday, September 1st, 2011 at 4:21pm. 1979 Views, 0 Comments.

louisville kentucky events light up louisvilleThe Louisville Kentucky event Light Up Louisville was held last night.  This marks the twenty-sixth annual festivity that is held the day after Thanksgiving to mark the beginning of the holiday season.

This year was quite cold with temperatures in the approximately low 30s,  and instead of the traditional Norwegian Spruce tree as the centerpiece, this year it was an artificial tree lit up with energy efficient and long lasting Light Emitting Diode (LED) lights.

While most persons would have probably preferred a traditional “live” tree, most agreed that the artificial tree was attractive and did carry the holiday spirit.

A total of approximately 36 other real & artificial trees were also decorated in the downtown Louisville Kentucky area –…

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