Turf Town Real Estate Blog 
High Point at Woodland Park will be Open this weekend!
Wednesday, July 28th, 2010 at 1:45pm. 89 Views, 0 Comments.
If you haven't had the opportunity to take a look at High Point at Woodland Park yet, stop by this Saturday or Sunday to see Lexington's newest and most impressive 1 and 2 bedroom condo development. Every unit is completely finished down to the beautiful stainless steel appliances and coordinating light fixtures. Every unit is ready to move-in. Furniture packages are also available through Lexington Furniture and Pieratts.
Unlike many loft style condos, High Point at Woodland Park has been carefully designed to appeal to the custom home buyer. Attention to detail is not spared anywhere in this building. But, you really have to see it to appreciate it. Agents will be on site Saturday between 12:00 and 2:00 p.m. and Sunday between 1:00 and 4:00…
Existing-Home Sales Rise on Home Buyer Tax Credit and Favorable Market Conditions
Friday, April 23rd, 2010 at 8:42pm. 229 Views, 0 Comments.
RISMEDIA, April 23, 2010—Buyers responding to the home buyer tax credit and favorable affordability conditions boosted existing-home sales in March 2010, marking the beginning of an expected spring surge, according to the National Association of Realtors.
Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 6.8% to a seasonally adjusted annual rate of 5.35 million units in March from 5.01 million in February, and are 16.1% above the 4.61 million-unit level in March 2009.
Lawrence Yun, NAR chief economist, said it is encouraging to see a broad home sales recovery in nearly every part of the country, with two important underlying trends. “Sales have been above year-ago levels for…
With Paragallo Animal Abuse Trial Over in NY, Thoughts Turn to the Welfare of Horses in Kentucky
Thursday, April 15th, 2010 at 12:45pm. 251 Views, 0 Comments.
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With the Kentucky Derby close on the horizon, the thoughts of many animal lovers turns to concern for horses that are so prevalent across the state of Kentucky. As in any industry or location that deals with animals, the safety and well being of the horses is, for most people, of the utmost importance. Unfortunately, there always seems to be a few individuals who look at horse breeding and racing as just a money maker and not an industry that deals with living creatures that deserve proper treatment. |
| Big Ben @ 134th Kentucky Derby |
As we've seen recently with the trial of Ernie Paragallo in New York, there are some horses that are treated very poorly by the very people who have taken on the responsibility to ensure…
Keeneland By The Numbers
Thursday, April 1st, 2010 at 6:50pm. 233 Views, 0 Comments.
You could spend a lot of time at Keeneland just counting: horses, attendance, dollars waged, forsythia bushes By Amy Wilson awilson1@herald-leader.com
There are big numbers at Keeneland.
Like 11 million. That's the number of Daily Racing Form pages that will be digitally saved by the Keeneland Library and University of Kentucky's preservation project undertaken this year.
There are little numbers.
Like one. That's the number of legendary dogs buried on the Versailles Road race course. (That'd be Dolittle, the mixed-breed best friend of former track superintendent Hobart Burton, buried now under a pine tree in front of Barn 40.)
There are some kinda big numbers.
Like 20,000. That's the number of tons of Keeneland stable straw bedding and manure…
Fixer-Upper Financing: 203k Program Provides Buyers with Renovation Funds
Sunday, March 28th, 2010 at 1:10pm. 101 Views, 0 Comments.
By Eve Mitchell
RISMEDIA, March 27, 2010—(MCT)—The word “as-is” can indeed be one scary phrase. Especially when buying a home in today’s market where foreclosures and short sales that need fix-up work are plentiful.
But a little-known Federal Housing Administration (FHA) loan program that’s been around since 1978 can help take the sting out of “as-is.” Only 219 borrowers took advantage of the FHA’s 203k program in 2009. Not that many lending and real estate professionals are aware of the program, say observers.
Last year, Tom Meyer found a classic Oakland, Calif., home built in 1925 near Mills College he liked a lot. As a short sale it was priced right and about half the original asking price. Trouble was, the place needed some…
Federal Reserve Vows to Keep Interest Rate Low
Thursday, March 18th, 2010 at 11:52am. 134 Views, 0 Comments.
By Tom Petruno
RISMEDIA, March 18, 2010—(MCT)—Steady as it goes, Federal Reserve policymakers recently declared in their post-meeting statement. They left their benchmark short-term interest rate unchanged in the range of zero to 0.25% and once again pledged to keep it low for an “extended period”—retaining the phrase they’ve used for the past year.
The central bank continued to sound relatively upbeat about the economy, saying the data it looks at suggest that “economic activity has continued to strengthen and that the labor market is stabilizing.”
The Federal Reserve also said it would end, on schedule, its program of buying mortgage-backed bonds to help keep home loan rates low. That program will conclude at the end of this month…
NAHB Reminds Home Buyers: Tax Credit Expiring Soon
Saturday, March 6th, 2010 at 8:10am. 164 Views, 0 Comments.
RISMEDIA, March 5, 2010—The National Association of Home Builders (NAHB) wants potential home buyers to be aware that they still have the opportunity to take advantage of the $8,000 first-time home buyer or $6,500 repeat buyer tax credits, as long as they act quickly—the credits expire on April 30, 2010.
“It’s not too late to take advantage of the home buyer tax credit,” said NAHB Chairman Bob Jones, a builder and developer in Bloomfield Hills, Mich. “There are plenty of existing homes on the market, and even though the move-in ready newly constructed homes inventory has dwindled, builders may still be able finish a home in time.”
The IRS provides an additional two months beyond the deadline to close the deal. Buyers who sign a sales…
ARE BANKS LENDING MONEY? ARE BANKS MAKING JUMBO LOANS?
Wednesday, February 10th, 2010 at 1:14pm. 284 Views, 0 Comments.
The answer to both questions at least in the Lexington area are YES!!! Unfortunately, the news sometimes makes you think that banks are not lending money and if they do lend money it is at exorbitant rates. Nothing could be further from the truth. Rates are at historic lows. Our local banks are just begging to lend money- lending money is how our local banks stay in business. The near term outlook for rates should make every potential buyer who is going to borrow money in order to purchase a home or farm to buy now. There is a fair risk that rates could rise after March 31, 2010. Keep in mind a mere 1% rise in rates is similar to 8% drop in purchase price. If you are going to borrow money and you are on the fence, now is the time to buy.…
Repeat Buyers Need to Act Fast to Capitalize on Expanded Tax Credit
Saturday, January 30th, 2010 at 8:41am. 736 Views, 0 Comments.
RISMEDIA, January 23, 2010—By now it is well documented that today’s affordable housing prices, historically low interest rates and federal home buyer tax credit have combined to create one of the most attractive first-time buyer markets in recent memory. What many Americans might not realize is that a recent expansion of the buyer tax credit has created an equally desirable opportunity for existing homeowners.
This past November, Congress elected to expand the home buyer tax credit to repeat buyers after seeing the success the temporary financial incentive had on the housing market and overall economy. As a result, current homeowners who will have lived in their home for 5 consecutive years out of the last 8 may now be eligible to receive a $6,500 tax…
Martin Luther King neighborhood in Lexington, Kentucky
Monday, January 25th, 2010 at 4:11pm. 230 Views, 0 Comments.
By Tanya J. Tyler - Lexington Herald Leader History, diversity, and community activism are hallmarks of downtown neighborhood
On the eve of Martin Luther King Jr. Day, it is most appropriate to profile the downtown neighborhood named for the late civil rights leader.
Bordered by Elm Tree Lane and Short, Sixth and North Limestone streets, the Martin Luther King neighborhood encompasses a great deal of Lexington history.
For instance, you will find in this area: Kinkead House on North Martin Luther King Jr. Boulevard, one of the few remaining antebellum mansions in the northeast quadrant of Lexington's original boundaries; Central Fire Station on East Third Street, built in 1929; Campsie Place, which dates from 1905 and has houses in a variety of…
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