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Walden Mortgage Weekly Newsletter: July 31, 2012

Rental Vacancy Rates Fall to Lowest in Decade: 

The share of empty homes for rent fell to its lowest level in a decade during the second quarter.  This is very important for the housing market, as this type of trend is always a pre-curser for stronger housing demand. The residential rental vacancy rate declined to 8.6 percent from 8.8 percent in the January-March period, the Commerce Department said on Friday. The second-quarter reading was the lowest since 2002. In a positive sign for the housing market, the homeownership rate edged up to 65.5 percent in the second...

Staging to Sell

When placing your Bluegrass home up for sale, you want your home to look it's best. You want to stay competitive with other houses for sale in your area, making potential buyers see the value in your home above any other. One way you can stay a step ahead of your competitors is by staging your home to sell quickly. Below are some tips from Kristie Barnett, an Interior Decorator and Design Blogger at, on the proper way to stage your home.

1. Staging your home involves selling a lifestyle, but not neccessarily your own. It keeps potential buyers in mind and creates an ambiance that allows for them to see themselves in your home. It's different from decorating, which involves your personal style and interior design. In home staging, you're striving for a...

Walden Mortgage Weekly Newsletter: July 24, 2012

Bright Spots in Housing:

Is a perfect storm brewing for housing?  Last week we saw record low fixed interest rates, an increase in home prices, an increase in housing starts, an increase in Home Builder Confidence and a decrease in housing inventory available for sale.  This provides a much brighter picture in housing. Home Prices Rise: According to the National Association of Realtors , the median home price rose 5 percent to $189,400 in June.  Prices are rising because there are fewer homes for sale. The inventory of unsold homes...

Walden Mortgage Weekly Newsletter: July 17, 2012

Number of Underwater Mortgages Decline:

"Underwater" mortgages are when a person owes more on their home than the home is worth.  Most borrowers that did find themselves underwater was due to a rapid fall in home prices when the housing market tanked.  But as home prices come back, the number of borrowers that are underwater are falling. This is very important to the housing market because this has started to release a segment of purchasers that have been essentially trapped in their house, unable to sell it so that they could make the move to another home. The number of Americans who owe more on their mortgages than their homes are worth declined...

2012 Home of Excellence

Milestone Realty Consultants is very proud and honored to be the marketing agency to promote and sell the Home Builders’ Association of Lexington’s 2012 Home of Excellence Chestnut Springs model. Built by the Home Builder's Association of Lexington, this well-appointed home located at 3012 Blackford Parkway in the Hamburg area of Lexington, Kentucky is full of upgraded features that are typically in homes WAY above this price point.

3012 Blackford Pkwy, Lexington, KY 40509...

July 4th Holiday Events

Lots of events are going on this week for the July 4th holiday. Here's a list of  the events going on around Central Kentucky!


  Tuesday, July 3:

  • Patriotic Music Concert Featuring the Lexington Philharmonic & Lexington Singers at Transylvania University and Gratz Park 8:00pm. The Young At Heart Jazz Band will perform in Gratz Park from 5:30-7:30.


New Ball Homes Neighborhood!

We are pleased to announce the grand opening of our newest Ball Homes neighborhood, The Landing at Pleasant Valley.


Conveniently located within walking distance of Toyota, shopping, and I-75, Pleasant Valley blends...

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