Perry and Lynn Thomas

Fannie Mae changed the rules for condo purchases. 70% of new projects (new construction) must be sold in order to qualify the unit as a Fannie Mae project. In the past, 51% of the units had to be under contract. Fannie Mae has tightened the guidelines in order to prevent further loss of revenue f...

The median home price for April 2009 was $124,000. "The median" is a term describing the half way price point. So, half of the homes sold in April were below $124,000 and half sold were above that amount. It's actually a pretty good measurement to determine how overall home prices are doing relat...

A stunning revelation of the advantages of home ownership was published by Robert D. Dietz, Ph.D. in an article he published March 27th entitled The Tax Benefits of Home ownership. Dr. Dietz ran the numbers and discovered that, "a household with $80,000 in annual income who obtains $200,000 mortg...

Perry and Lynn arrived in Panama City Beach, Florida on Friday March 27th. They were there to set up for the arrival of 340 High School students to Bible and Beach 2009. The students came from Southeast Christian Church in Louisville, Kentucky. Once the students arrived, the stage was set for som...

In the March issue of Business First Magazine, all of the real estate firms in Louisville were ranked according to how many sales each office made in 2008. Here is that ranking: Semonin Realtors Remax Properties East Century 21 Realty Group Cos. Re/Max Associates Coldwell Banker McMahan Co. Schul...

There is a 6.5% national rise in home sales since November in 2008. This increase is driven largely by 4 states that experienced some of the biggest price declines in 2008. Home sales in California are up 84.7%, Nevada is up 133.7%, Arizona is up 42.6% and Florida is up 12.5%. The biggest reason ...

In February 2009, Congress expanded the first-time homebuyer tax credit (as modified in the American Recovery and Reinvestment Act) to provide a tax credit of up to $8,000 for first time home buyers that no longer has to be paid back to the government. It's called the First Time Home Buyer Tax Cr...

Thousands of Keller Williams Agents from all over the Country and Canada filled up the Orange County Convention center in Orlando, Florida. Perry and Lynn met with old friends from all over the country and went to so many training classes. Perry said, "It's like trying to drink water from a fire ...

Well We are beginning to dig ourselves out of the ice storm of 2009.  We're cutting up trees and making piles.  The sun is out.  We have our gas and electricity.  We feel like humans living in the 21st century again.  The picture to the right is how our House looked from the street.  Those Dogwo...

February 13, 2008Whats going on with the new Stimulus Package as it pertains to the Real Estate Market?The senate is discussing a portion of the stimulus package called fix housing. There are two primary compents under discussion. The first on is the $15,000 Homebuyer tax credit.Many of us know t...