Well, this week has certainly been a busy time both locally and nationally in the housing market. We are seeing how volatile the market really is. First, the Herald Leader reported that permits on new homes in Fayette County and six surrounding counties have dropped over 43 percent from 2007. This shows how the new construction market has gone into a downward spiral. Builders..(read more)
Great historic home! (edit/delete)
I have got a beautiful historic home in the much desired area of Lexington. Walk to work at the hospitals, University of Kentucky, and a short drive to downtown. Please check out our listing at 1623 Nicholasville Rd.
Welcome to this beautiful historic home. You are welcomed into the home by a southern style covered front porch, perfect for sipping..(read more)
Recently an article by John Wasik of the Bloomberg report listed Lexington, KY as one of the top markets with low risk. It also lists Lexington as a true housing bargain. As a buyer this shows that it is still worthwhile to purchase a home. Throughout history real estate is one of the best ways of building wealth. Studies show the value of the typical home in our area..(read more)
With all the news about foreclosures we decided to take a forward action and educate ourselves on how to help homeowners that may be facing foreclosure. After looking into some viable options the first thing we learned is that there is help for those that want it.
As a homeowner facing these terrible situations you must realize that it doesn't make you a bad person or fiscally irresponsible. ..(read more)
I recently read an interesting article about ways to sell your house quick. As the Listing Coordinator for The Melinda Duncan Team I of course, was extremely curious. The article explained the biggest mistakes that sellers make in today's market. I had to agree.
First, many sellers make the mistake of not having their home ready to sell. Before selling your home you..(read more)
Are things really as bad as they seem? I guess it depends on who you talk to. All we hear in the media today is that real estate sales are down, listing inventories are up and prices are falling. Oh yeah, where are the buyers? Well, the media would like us to believe that the real estate market is failing. Not so much. Although things are down for most areas of..(read more)
In today's slowing Real Estate market it is more important than ever to have your property ready to sell before you start marketing the home. Buyers have ample inventory to choose from and they are more critical than ever. Some statistics show that approximately one in ten homes are selling. In order to make yours the "one", let's take a look at what you need to do.
First..(read more)
Should you buy a home in today's climate? That is the question today. Real Estate has always been a favorable investment and in most cases is still the way to go for your housing needs. Today may be the prime time to make that purchase you have been putting off. Recent news reports show that across the nation there is a total average of 10 months of inventory of available homes..(read more)
No, don't say it's really happening! Well, in the Lexington, Kentucky Real Estate market not a lot. However, for those neighborhoods in the 15 - 30 year old age range you may indeed experience some falling prices. Nationally statistics are showing that some areas are experiencing the worst possible thing to happen and that is the value of your property to decrease. In this..(read more)
The Lexington Bluegrass Association of Realtors has released the statistics for the month of May. Although sales were up slightly over the same month last year, the amount of inventory is overwhelming. Last May 2006, we had 1,031 sales and this year we are showing 1,064 sales for the same month. However, the amount of inventory went form 5,328 homes available to 6,957. What..(read more)
