Quadruple Stacked!

Sorry its been so long since the last time I posted a blog, but I have been extremely busy with getting ready for my wedding. It seems like every time I leave town business just goes crazy and I am covered up with work. But its nothing I cant handle and looks like everything is going to pan out.

There is one particular deal that lots of people are counting on, it closes 3 days after I get back from my honeymoon and its stacked 4 high. In the Real Estate world that means that its one of four closing taking place that day. I helped my clients sell their house and with the money from the closing they are buying another house in Saint Mathews (good choice on their parts). The people who owned the home in Saint Mathews are buying another house with the proceeds from that sell. Not to mention those people are also buying a house with their proceeds. Its a good thing my clients choose me to work all this out for them. Can you imagine what it would be like if they didn't have an agent! Crazy!

The Last of Home Buyer Tax Rebates?

I have formed a habit that I'm kind of proud of, I have been waking up in the mornings and reading the Wall Street Journal online. I'm learning all sorts of great things, the most recent article that has sparked my interest is one about a possible additional tax rebate.

The National Association of Home Builders and Realtors have been lobbying congress for additional tax relief to bounce the economy and the housing market back to were it should be. There idea is to give a tax rebate to anyone who buys a home no matter what. I could see this happening because it seems to me like a lot of these first time home buyers are on the fence afraid of buying a home in an unstable economy. They are worried they are going to purchase a home and it will deprecate. I also think the recent rise in interest rates has drove them away from purchasing. A new tax bill to encourage everyone to buying a home would be just what the doctor order. Hopefully we will see something like this in the near future.

Deal of the week.

Looks like the former owner is freshly evicted from this place... its kinda sad but one man's misfortune could be another man's gain. There is another unit listed just like this one for $112,000 its even on the same street. It wont last long so call if you would like a showing.

http://glarmls.com/GLARReports/ListitLib/report_builder.aspx?category=1&r1=QQTq!LsL0YrTs7IZ73_riF&m1=Xd9Y4YDZg&footer=4956574850&maillog_id=8113470747

Have you missed the bus?

Rates just went up an enormous amount... my lender says that he has never seen them jump this high in one day. This really sucks for all of the people out there that are first time home buyers that have been dragging their feet. My suggestion is get a property in mind and if rates drop down to anywhere near 5% then they should jump on it. I have been seeing this coming for some time now. Hopefully rates will fall back down... I will keep you guys informed if the do so.

Todays News In Real Estate

Wall Street Journal
http://online.wsj.com/article/SB124381108186970343.html
Realtor.com, Increase in Pending Sales
http://www.realtor.org/rmonews_and_commentary/rmonews

Time Running out for first time home buyers

The video below explains why you might want to start looking for your first home. Some of the main points are; November 30 is the deadline to get the $8,000 tax credit, interest rates are still low, and the market is full of choices. But take a look for yourself.

http://online.wsj.com/video/clock-is-ticking-for-first-time-home-buyers/14C00BED-8BE2-4D25-AF49-C3802F7BB5CB.html

Recession Proof

Although we are in a slow market and the media is giving everyone a gloom and doom perspective about the housing industry. I can assure you of two things. First Louisville isn't as bad as some of the major markets, because there was never really a big market boom here. So our market is nearly as flooded with listings like Florida, Nevada, Arizona and California. Second there are certain parts of Louisville that are somewhat recession proof. If your inside of the Waterson freeway then you really have nothing to worry about. Houses there are selling fast and I think the trend is leading people to move closer towards the city instead of the suburbs. So if your looking to purchase a home and want a safe bet you may want to consider moving more inward instead of outward.