Selecting an attorney for legal cases is a very important decision. Please enter your information below to receive a Free Consultation from an attorney in your area:
Real
Estate News
Houston Housing Sales Heat Up With Pre-Summer Temperatures
March Brings in Record-Breaking Home Sales and Out-Performs the U.S.
HOUSTON — (April 25, 2006) — March home sales in the greater Houston area reached near all-time record levels. Sales reported set a new record for the month and were the third highest level ever. Houston’s uniquely balanced market shows continued strength in homes sales and prices, while still providing an affordable market for home buyers.
As we enter the traditional peak home buying and selling season this summer, Houston stats are climbing along with our temperatures.
“You never want to claim good weather as the reason for anything—that is just tempting fate in Houston—but the early heat up in temperatures and the relatively few number of days with rain have definitely contributed to the early heat up in housing sales,” said Lorraine Abercrombie, HAR Chair and Marketing Director for Greenwood King Properties. “Almost all of the analysts and industry experts predicted that 2006 would be a very strong year but would not match last year’s amazing sales. So far, Houston is exceeding those expectations, and, if all the factors continue to line up, 2006 will be the best year ever for real estate in the region.”
Total property sales for the month totaled 8,015, which was a 22.4 percent increase over March 2005. Properties sold during the month reached a total of nearly $1.5 billion, a 32.4 percent increase compared to last year’s more than $1.1 billion in March sales. Additionally, the median home price for a single-family home reached $143,310, and the average home price rose to $193,640, both increases from last year of 5.4 and 8.5 percent, respectively.
Do not ignore the letters from your lender
If you are having problems making your payments, call or write to your lender's Loss Mitigation Department without delay. Explain your situation. Be prepared to provide them with financial information, such as your monthly income and expenses. Without this information, they may not be able to help. Stay in your home for now. You may not qualify for assistance if you abandon your property.
Newsroom
News about real estate cases in Kentucky and nationwide:
Definition:
A federally assisted project is one which receives Federal reimbursement or payment of some project expenses such as planning, construction, right-of-way acquisition, and property management.
Closing
Definition:
Also known as settlement, this is the time at which the property is formally sold and transferred from the seller to the buyer; it is at this time that the borrower takes on the loan obligation, pays all closing costs, and receives title from the seller.
Fixed-rate mortgage
Definition:
A mortgage with payments that remain the same throughout the life of the loan because the interest rate and other terms are fixed and do not change.
If you live in the following cities and need an real estate attorney you should contact
our Real Estate Attorney as soon as possible:
Ashland
Bardstown
Berea
Bowling Green
Campbellsville
Corbin
Covington
Danville
Elizabethtown
Erlanger
Florence
Frankfort
Ft Mitchell
Georgetown
Glasgow
Henderson
Hopkinsville
Latonia
Lexington
Louisville
Madisonville
Mayfield
Morehead
Murray
Newport
Nicholasville
Owensboro
Paducah
Pikeville
Radcliff
Richmond
Shelbyville
Shepherdsville
Versailles
Winchester
Legal Disclaimers All attorney listings are a paid attorney advertisement, and do not in any way constitute a referral or endorsement by an approved or authorized lawyer referral service. The information provided on Real Estate Lawyer Kentucky.com is not intended to be real estate advice, but merely conveys
general information related to real estate issues commonly encountered.
Local Professional? Generate new business today
Call 866-227-9356 or contact a sales rep
Did You Know?