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 What Paige Knows!
Paige's eyes are wide open. Paige knows who, when and how
things happen in the real estate market. She needs no compass or bird to show her the way. Louisville is her oyster
ready to be opened. Paige is a self-starter 450 horse power agent.
Who's
Paige's little bird?
The bird is a symbol of Paige's knowledge in real estate. Real estate satisfies
every home buyers desires. Housing is the mirror of America, and it is most likely the most cherished place of one's
lifetime.
Please take some time to read through my blogs below. I believe that you'll find them informative
as they add some perspective to what housing means in America and for everyone looking for the dream home that they so
well deserve. I hope you enjoy them, and if you're interested in having a conversation with me about your housing needs,
I welcome the opportunity! - Paige
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Louisville's Housing Market is Stronger Than Media Portrays
If you are one of those buyers waiting for the bottom of the housing market in Louisville, think again! A study
conducted by Paul Coomes, Economic Prof., at the University of Louisville, found that in 2007 between .6 and .8 percent of
Jefferson County homeowners endured foreclosure, a rate one-third the size reported in the media, and around one half of the
foreclosed properties were owned by real estate investors, presumably too highly leveraged to withstand the recent slowdown
in home price appreciation. Louisville has a very high percentage of homeowners who carry no mortgage debt, and the lowest
monthly housing rental rates of 15 metropolitan areas studied in comparison to Louisville. To read these studies and more about the Louisville housing market, click here.
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Lumber Prices are Low, But on the Rise
If you are planning on building a new home, you may want to secure the lot and builder now. Lumber prices were
at their lowest this past June, 2008, but lumber prices are on the rise again. Compared to 2005, lumber has been very affordable,
but prices are climbing. To review the trends in lumber prices, click here!
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$7,500 Tax Credit Can Be Used As a Down Payment
Home buyers can use the $7,500 tax credit on their 2008 tax return, or a year early, as a down payment
in 2009. In addition, home buyers who buy a home after filing their 2008 taxes, can later file an amended return that includes
the tax credit.
Home buyers, who are certain that they qualify for the tax credit, can adjust the automatic income
tax on their IRS W-4 to adjust their witholding, thereby increasing their take home pay!
For more information
on how to use the tax credits as a down payment on your first home purchase, please review question 19 - 21 on this website
and consult with an accountant as it relates to your income: www.federalhousingtaxcredit.com.
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Paige Pearman, VENTERRA REALTY
310
W. Liberty St., Suite 408, Louisville, KY 40202
M: (502) 419-4725 or W: (502) 515-HILL
paige@venterra.com
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