Prospect KY Real Estate

There are currently 31 blog entries related to this category.

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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. 766 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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Louisville Kentucky Real Estate Market October 1-7 2007

Thursday, September 1st, 2011 at 2:50am. 826 Views, 0 Comments.

The most recent statistics are in from the Greater Association of REALTORs for the Louisville Kentucky real estate market October 1-7 2007. They are as follows:
Listings:

Residential (Single Family & Condo)

October 1 - October 7

682

Last year same time

657

Solds:

Residential (Single Family & Condo)

September 23- September 29

323

Last year same time

316

If you look at the comparison between last year and this year, is fairly flat sale-wise. Listings are up. This would indicate that the market is similar to how it was last year at this time. But if you look at the data deeper - you see an important piece of…

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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,…

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Real Estate Homes Mortgages Decline

Thursday, September 1st, 2011 at 2:13am. 658 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…

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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…

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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…

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What do Buyers want in real estate?

Wednesday, August 31st, 2011 at 11:10pm. 899 Views, 0 Comments.

louisville mls listingsWhat do Buyers want in real estate?

According to a recent article in the REALTOR Magazine, its changed quite a bit in the past few years.

Here’s how things currently rank as Very Important by buyers:

                                                                 2007                       2004

1. Central Air Conditioning                      1                               1

2. Oversize Garage                                    2                               5

3. Walk-in closet in master bedroom    …

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REMAX continues to grow

Wednesday, August 31st, 2011 at 11:01pm. 999 Views, 0 Comments.

remax louisvilleDespite the perceived “soft real estate market” that is taking place across many parts of the United States (and even Louisville KY), REMAX has continued to grow its offices and increase market share. REMAX internationally has now hit the 7000 office mark – a mind blowing 2 short years after hitting 6000. A remarkable achievement to say the least. It goes to prove that no matter the conditions, or market, that quality professional real estate agents can still excel.

As of July 1st, 2007, world wide office breakdowns for REMAX are as follows:

Africa 186 offices

Australia 94 offices

Canada 654 offices

Caribbean 56 offices

Europe 1,508 offices

Middle East 9 offices

New Zealand 41 offices

Singapore/Pacific 2 offices

South…

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Buy Louisville KY Real Estate

Wednesday, August 31st, 2011 at 10:55pm. 1126 Views, 0 Comments.

louisville buyers agentsBuy Louisville KY real estate NOW! There. I’ve said it. I can’t be more blunt or urgent in my recommendation.

People are always looking for the right indicators to know when to do a deal to make money.  In today’s market, there couldn’t be more indicators if someone was holding a gun to your head telling you to do a deal – and do it NOW!

If you read the USA Today newspaper on Friday September 21, you will see in the MONEY section many articles touching on what I’ve stated here on this site in my Fed Cuts Interest Rates a Half Point article that I wrote three days earlier on September 18.

On the front page, it says that the US Dollar has fallen sharply in value and is now at a record low against the Euro, and the Canadian Dollar has…

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