http://louisvilleproperties.com/blog Tue, 07 Sep 2010 13:00:43 +0000 http://backend.userland.com/rss092 en A new report issued by a real estate analysis firm reports that foreclosure rates in Louisville and Jefferson County were up by more than two percent in May. The news was in the "Real Estate News and Trends" publication issued by Corelogic, which is an information, analytics and business services ... http://louisvilleproperties.com/blog/home-foreclosures-up-in-jefferson-county/ Real estate investment giant Prudential Real Estate Investors is predicting that the struggling commercial real estate market in the country will recover much more quickly than during a similar downturn in the 1990s. Prudential said they are "relatively optimistic" about a faster turnaround for hotels, apartment buildings, retail space and ... http://louisvilleproperties.com/blog/real-estate-investment-company-predicts-fast-turnaround-for-commercial-real-estate/ The National Association of Realtors claims that uncertainties about a federal flood insurance program and delays in mortgage applications contributed to the dip in existing home sales in May. The association reported that there were 5.66 million existing home sales across the country in May, down from April’s 5.79 million ... http://louisvilleproperties.com/blog/decline-in-home-sales-blamed-on-mortgage-delays/ Foreclosures, job losses, the economic downturn, employment insecurity and other factors are affecting homeownership across the country according to recent data from the Census Bureau. The Bureau reports that as of late 2009, the homeownership rate has dropped from a high of 69 percent in 2006 to around 67 percent. ... http://louisvilleproperties.com/blog/homeownership-rate-down-slightly-in-u-s/ Louisville realtors sold 1,477 homes and condominiums in June, which represented a year-over-year increase of 26 percent from the previous June. Greater Louisville Association of Realtors members said that the jump was largely due to people taking advantage of the expiring federal tax credit for first-time homeowners and current homeowners ... http://louisvilleproperties.com/blog/louisville-realtors-report-expiring-tax-credit-boosted-home-sales-26-percent-in-june/ A government oversight official recently told a Senate panel that President Obama’s program to help troubled homeowners avoid foreclosure is not working and that Treasury Department officials have failed to fix the program’s shortcomings. Neil Barofsky, Special Inspector General for the financial bailouts, told members of the Senate Finance Committee ... http://louisvilleproperties.com/blog/government-watchdog-claims-obama-mortgage-program-not-working/ After decades of serving breakfast, lunch and dinner to hungry Louisville residents, Masterson's Food & Drink in Old Louisville closed recently, and the building will be razed to make room for a large Louisville commercial real estate project. Located for more than 50 years at Third Street and Cardinal Boulevard, ... http://louisvilleproperties.com/blog/louisville-landmark-set-for-demolition-for-new-commercial-development/ People who are thinking about buying a home or refinancing a mortgage right now know that it is tough to get lenders to work with them whether they have an excellent credit rating and credit history or not. No matter how many hoops they must jump through to satisfy mortgage ... http://louisvilleproperties.com/blog/mortgage-interest-rates-lowest-since-1971/ Many people who own investment real estate in the Louisville area face the same dilemma: manage the properties themselves or hire a professional Louisville property management company. Neither is better than the other is; it really boils down to the property owner’s situation. Nevertheless, if you’re a Louisville income property ... http://louisvilleproperties.com/blog/looking-for-professional-louisville-property-management-here%e2%80%99s-why-you-should-call-us-first/ An innovative house hunting bicycle tour and a Chicago suburb’s plans to significantly expand bike routes in and around town may be a glimpse of a future of less reliance on gasoline and internal combustion engines. The “Homewood Green Streets House-Hunting by Bike” tour in the south suburbs and another ... http://louisvilleproperties.com/blog/innovative-house-hunting-via-bicycle-tour/