Archive for the ‘other’ Category
Lexington Real Estate | Lexington Homes outprice Louisville Homes
The Lexington Herald-Leader reports that Lexington homes are more expensive than homes in Louisville KY. Information from the Coldwell Banker Home Price Comparison Index is released every year and allows home owners to size-up their home values against homes in 315 cities in the US. The average size home used as the base of the comparison is a 2200 square foot home with 4 bedrooms, 2 1/2 baths and a 2 car garage.
Louisville held the highest average home price record in the state of Kentucky for 2007. Then in 2008, Lexington homes were priced at $291,000 while Louisville stood at $241,060 – a stark contrast from the previous year. The average price across all 315 cities was $403,738 meaning that this area offers a substantial value for those seeking to own a home.
So Lexington real estate is the big winner for highest average home price for Kentucky for 2008. This trend will more than likely continue with the FEI World Equestian games on the horizon and with school test scores and other national ratings in Lexington’s favor. The luxury real estate market continues to gain momentum even with mid-priced homes lagging behind with high inventories likely to be the culprit. The first time home buyers tax credit has definately boosted first time home sales, but just like the “cash for clunkers” program, will more than likely create an artificial bubble of sales only to be followed by a sharp drop in sales after April when the program expires. Mid-priced homes have not been moving locally or nationally. Skeptics blame the economy and the job market for slow home sales. At this point, many potential homes owners are in a “wait and see” mode before they jump into moving into a new home. Come see us at welcome2ky.com
Real Estate Market Shows Signals of Improvement
Signs of hope are emerging in the country’s real estate market. For the first time in three years, the number of people who are behind on their house payments went down. That drop means the number of people losing their homes may start to fall.
Many factor still weigh heavy on current homeowners and those looking to purchase a new home or as first time home buyers. Even though the first time home buyer credit is still available, most lender are looking for a standard 20% down and not offering 100% financing anymore. That practice is gone for the forseeable future. Still, if one has cash on hand, it is a buyers market and many great deals are available for real estate investors and single family homeowners alike. Visit us at Lexington Real Estate for more information on real estate in Lexington, KY. Go to http://welcome2ky.com and enjoy.
‘Avatar’ wins China over as Chinese Government forces theatre owners to uphold domestic movie quota
China’s government has a quota system that only allows 1/3 of it’s movies in the country to be from foreign sources. Theatre owners were recently reminded of this after the movie “Avatar” became the highest grossing film in China’s history.
As of 12 Jan 2010, the film had grossed about $103 million compared to a domestic movie called Confucious which earned $5.6 million on opening weekend
Other movies such as 2012 have crushed it in China raking in $67.3 million in December.
Another big movie in China was Transformers in 2009 which was also very successful.
The Chinese government believes that their theatre owners should support the “expansion and development of the domestic film industry” over selling seats in movie theatres.
China is also violating long time World Trade Organization agreements by restricting music, movie and book imports from countries such as the US.
The 3D experience offered by Avatar has captivated Chinese audiences. The movie’s plot is also a familiar tone to Chinese free-thinkers.
China has it’s own propaganda machine, producing movies such as “The Founding of a Republic” that was the box office leader until the release of 2012 this year.
China recently asked that the 2D version of Avatar be removed from Chinese theatres.
The reason for 2D screenings being scrapped in China is a little unclear.
Movie theatre operators have said they were ordered to pull the version, though Zhang Hongsen, deputy head of the State Administration of Radio, Film and Television, denied that.
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