Archive for September, 2005
CenterCourt is Lexington’s Newest 3 point shot!
If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Downtown Lexington, Kentucky is getting a new addition that will fit this basketball town like a glove.
From WTVQ:
A project designed to bring new life to downtown Lexington is underway.
Investors and developers celebrated the groundbreaking of “CenterCourt” Thursday morning.
The [...]
Phoenix Proving Grounds Sold for 400 Million Dollars
In the biggest real estate deal in Phoenix’s history, the Proving Grounds has been sold for 400 million dollars. The land had previously been used as a testing center for vehicles.
From KPHO:
PHOENIX For 400 (m) million, developers are getting 55-hundred acres of land that serves as a test facility for Dodge and Chrysler.
DaimlerChrysler management agreed yesterday to sell [...]
Hilton Head Properties Helps Hurricane Victims Find Housing
Following the devastation and displacement of individuals and families of hurricanes Katrina and Rita, Hilton Head Properties Inc. is making efforts to coordinate relief efforts suitable rental housing for victims. Hilton Head Properties owns hundreds of residential properties suitable rental housing for victims of hurricanes that devastated the Gulf Coast region.
“We are [...]
Iowa to receive more than $930,000 from HUD for Affordable Housing
Iowa will be receiving more than $930,000 from the U.S. Department of Housing and Urban Development to expand affordable housing opportunities. US Senator Tom Harkin, D-Iowa, announced Tuesday that 13 communities throughout Iowa will be benefitting from the monies.
Harkin secured the funds in the 2005 Omnibus Appropriations bill.
The Iowa City Housing Authority received [...]
Three Things to Know About the Housing Bubble
In the unpredictable world of the housing market comes some tips from Time.com , Three Things to Know About the Housing Bubble, if real estate prices start sliding, how will you protect yourself? Any potential bubble is regional as most experts will say.
Federal Reserve chairman Alan Greenspan has tried to be reassuring. In a [...]
FEMA to Pay for Evacuee Housing
The Daily Texan is reporting that FEMA will be paying out this week $2,358 to every household that qualified for housing subsidies.
The program, which was initiated Friday, provides an initial $2,358 to eligible households to pay for three months of temporary residence. The figure is based on the national average for fair market rent [...]
28Sep2005 | Tom Royce | 1 comment | Continued
In Hurricane Katrina and Rita’s Wake - Low Income Housing in High Demand
Following up on our earlier post, Edgar Olsen, a professor of economics at University of Virginia has testified to Congress on the needs of the low income population of the Gulf Coast.
Edgar Olson’s Take on the situation:
“The immediate need of most people displaced by Hurricane Katrina is permanent housing. This need is especially pressing [...]
28Sep2005 | Tom Royce | 1 comment | Continued
Home Sales Booming In South Carolina
There is a boom going on in South Carolina with the number of homes sold increasing by 23%. The median home price also rose a robust 9% year over year for the month of August. One of the factors in this rise according to Th State, a leading South Carolina newspaper.
The most homes were [...]
28Sep2005 | Tom Royce | 2 comments | Continued
Greenspan is not worried about the Real Estate market
However, he did raise a valid concern over those that use exotic mortgages that could expose the homeowner to risk if the market turned down for any period of time.
Federal Reserve Chairman Alan Greenspan on Monday warned home buyers to be wary of exotic mortgages that allow them to hold down monthly payments or [...]
27Sep2005 | Tom Royce | 0 comments | Continued
Existing home sales rise 2% in August, 2005
Despite the gloom and doom sayers predictions of a market bubble, existing home sales up once again for August, 2005. Even a broken clock is right more often than the housing bubble burst pundits. These folks seem to be the same ones who predicted a John Kerry Presidential win and the Arizona Cardinals would win [...]
27Sep2005 | Tom Royce | 1 comment | Continued
I saw this earlier today and thought the exact same thing, Tom. The politicians have been pushing homeownership for ...
I just found your blog and it's filled with great information. One of my goals this year is to update ...
Thanks for the kind words. I promise you the first year we did not have this level of readership. It ...
The limit on jumbo's is either 417,000 OR it is 115% of the median house price, not to exceed 150% ...
I like your blog and I have read many of your articles. I agree that it is amazing the ...
Yes, there are some deals out there. While there are some deals out there, I'm an agent looking for ...
With mortgage rates poised to drop to 4.5 percent all we need now is some tax incentives to help home ...
I think the overall interest in refinancing was definately high recently. However the problem is that although the rates dropped, ...
I have had great success using craigslist. Renters need to be careful and make sure they check out their landlord ...
This is the start of where the market can begin to level out.
Home owners will start to be able to ...
