The year of 2008 is closing on us soon so without further a do I wanted to brag a little on our city’s “Lists” of accomplishments (I am not counting the Ryder Cup’s success however that puts the icing on the cake). While these “Lists” do not spell out all that Louisville has to offer or all of its accomplishments this year, it does give us some national recognition. So here goes:
I know I keep repeating myself over and over again regarding the metro Louisville, Kentucky real estate market BUT that is only because I consistently hear the same thing over and over again from buyers. So when the opportunity arises to publicize statistics that clearly show how Louisville, Kentucky fares I jump at that chance.
In this case, the great news comes from the First American Core Logic quarterly report. You already know by the title of this post that Louisville, Kentucky made the Top Ten LOWEST Risk Metropolitan Market For Foreclosures. So here are the lucky cities:
Indianapolis, Indiana (Carmel)
Austin-Round Rock, Texas
Omaha-Council Bluffs, Nebraska/Iowa
Louisville-Jefferson County, Kentucky
Charlotte-Gastonia-Concord, North Carolina/South Carolina
Raleigh-Cary, North Carolina
Just in case you are as curious as I am here are the unlucky Top Ten HIGHEST risk metro market for foreclosures:
I feel I talk myself “blue in the face” to anyone that I encounter regarding our local real estate market. On this subject it seems most people listen to the national media to get their opinion. Real estate market info is local so to get the most accurate information you should contact your Realtor or local Board of Realtors for the current statistics for your neighborhood.
How ecstatic I was to read a positive article in all places but our very own Courier- Journal. It was on the front page of the Forum and written by Paul Coomes (economics professor at U of L), John Burgard (economics major at the U of L), and David Heintzman (chairman of Stock Yards Bank and Trust). The article speaks for itself. Here is the link if you are at all interested in our market and the basic truth told by someone other than a home builder, realtor, or mortgage broker: Click Here
Also I’ve attached a map of Louisville that shows the increase/decrease of median home values in specified areas. There were only 5 areas with increases for this year and those are:
Biggest Gain goes to Area 20 (Oldham County North of I71 which includes Prospect, Goshen) at 4.6
Area 9 (Jefferson Co Prospect, Anchorage, Lyndon, Upper River Road) at 3.5%
Area 3 (Jefferson Co St. Matthews, Crescent Hill, Brownsboro Road) at 2.4%
Area 7 (Jefferson Co Fern Creek, Highview, Okolona,Beuchel) at .8%
Floyd County, Indiana at .5%
Have a great day and spread our market’s good news…it benefits all home owners and buyers.
I’m sure most have seen the 60 second commercial that aired on ABC’s Extreme Makeover Edition this past Sunday. If not then take a look for yourself. I would love to know what you think. Personally, I thought the commercial was inspiring. During the entire commercial I had no idea what place the actor was talking about but I did know that I wanted to live in a place like that. Then POW at the end it had Louisville across the screen! It gave me chills because we do live in an innovative, progressive city. I immediately started making calls to friends and family to see what they thought. Surprisingly it was a mixed reaction. Some thought that the video did not highlight our beautiful architecture or history. However most felt the video left a powerful, mysterious feeling to the viewer….enough mystery to log on to their computer and check out the website. Kuddos to the creator!
Copyright 2007 Stephanie Mattingly, All Rights Reserved
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing broker(s) and/or agent(s) shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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