KY3: Trading Houses Can Help Home Buyers Navigate Housing Market

Last night (Tuesday, May 27, 2008) KY3's Cara Restelli reported in her "Contact KY3" segment about innovative ways buyers and sellers are working with one another to make real estate transactions in today's sometimes challenging housing market. The story highlights the practice of trading houses, an occasionally workable solution in which a builder or other seller is willing to accept their buyer's home as partial payment for the home the buyer wishes to purchase. In the right circumstances, this practice can help builders and other sellers overcome today's buyers' most significant mental hurdle: "But what if I can't sell the house I already own?"

In this news story (below), two HBA members shed light on the practice. Realtor Jim Bolin (Carol Jones Realtors) and builder Terry Ozborn (Ozborn Homes) help explain how the process can work.

Springfield News Leader: Task force tackles county land use

On Friday, May 23, the Springfield News Leader reported on a meeting of a diverse group of stakeholders to make recommendations to Greene County officials regarding development of a new land use plan. The Home Builders Association of Greater Springfield is one of the key stakeholders in the advisory group. Here's the news story, which appeared on the front page.

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KY3: Local Housing Economy Differs from National One

KY3's Abby Wuellner reports that the factors affecting any local housing market will differ from one locality to the next. The notion of a "national housing market" is a misnomer. In this story, Wuellner interviews HBA President Kevin Clingan and Executive Officer to find out more about the local housing market.

KOLR: Copper Thieves Hit Construction Sites

KOLR's Carlos Correa reports on increasing incidences of copper theft on home building jobsites, and what penalties exist. HBA Executive Officer Matt Morrow addresses the impact the thefts can have on new construction.