Louisville Ranked #7 on Livable and Affordable Matrix
Sep 30, 2007 Residential
Found this neat little post on Students of Success that holds Louisville real estate in high esteem.
The 10 most livable and most affordable metro areas as determined by criteria developed by “Places Rated Almanac†(David Savageau) and the latest quarterly median sales prices compiled by the National Association of Realtors are:
1. Salt Lake City-Ogden, UT $157,000
2. Tampa-St. Petersburg-Clearwater, FL $172,800
3. Raleigh-Durham-Chapel Hill, NC $175,600
4. Houston, TX $138,100
5. Phoenix, AZ $193,800
6. Cincinnati OH, $139,600
7. Louisville, KY $130,100
So Louisville combines both being a very livable city and being reasonably priced as well? Why aren’t we hearing more of this positive news?
“With all the negative news about spiking home prices and the widening affordability gap, it’s refreshing to find highly desirable metro areas where most buyers can find affordable homes,†said Michael Bearden, president and CEO of HouseHunt, Inc.
That’s what I’d like to know Michael.
Downtown Arena Sports Card Branding
Sep 17, 2007 Commercial
The “Downtown Arena” is now unveiled for the world to see. After several design iterations, the committee has settled on a design with a lot to like. (What’s the deal with the name? Here’s hoping they’ll come with something a little more memorable.) The 22,000-seat facility will surely update the image of our city, in addition to enhancing the opportunity for local sport teams and organizations to increase revenue.
Far from groundbreaking, the design still has enough modern flair to give Louisville a shot of “cool.” Combined with the proposed Museum Plaza, urban renewal has never looked to stylish.
Ever the salesman, UofL coach, Rick Pitino had this to say about the new design.
“This arena will undoubtedly be one of the finest, first-class facilities in America. Louisville should be very proud to make such an unbelievable statement for this community.”
The project is expected to be completed by the Fall of 2010.
Kentucky a “Turf” State No More
Sep 9, 2007 News
In a major ruling, U.S. District Judge Charles R. Simpson III ruled that a current law on how Kentucky real estate professionals deal with out-of-state agents is unconstitutional. As one of the few remaining “turf states” Kentucky was looked at by some as isolationists. In reality, Kentucky, like most states who were once considered turf states, required all real estate transactions conducted within our borders to be done so by our real estate laws. Licensed agents from other state wouldn’t be as well-versed in our particular rules and regulations. This is something a bit difficult to gather from the CJ article as they principally covered only one point of view.
With this ruling in place, Kentucky will need to move forward with additional legislation to shore up the now wide-open gap in our laws. The Kentucky Real Estate Commission has yet to respond to this major change but I expect an opinion forthcoming.
Louisville Family Showcases Their Flipping Skills
Sep 3, 2007 Residential
With foreclosures up and more urban properties that need updating, the idea of flipping a house is becoming more and more common. So common, in fact, that TLC has a show entirely devoted to the idea called Flip That House.
Louisville’s own Scherer family will be highlighted on an episode due to air early next year. How did this family succeed in getting the producers attention?
“They fell in love with the fact that it was being flipped by a family,” Scherer said.
Don’t think “flipping” is easy. It’s entirely possible to lose money due to many different factors, so beware. But for the Scherer family it’s about more than just making a few extra bucks.
“It brought us together as a family,” Scherer said. “It’s truly amazing what a family can do when it puts its mind to something. I never thought I would see the day my wife was cutting walls apart with a power saw or my mom framing with a nail gun.”
Sounds like fun. I’m looking forward the broadcast!
