Real Estate Trends/Statistics

Posts about Real Estate Trends or Real Estate Statistics

Louisville Home Ownership Rates Decline with National Trend

As the economy continues to struggle, it’s obvious that its effects have hit housing, as much as, any other sector. The sad truth—Louisville homeownership rates are in decline.

Photo of family in our Louisville home ownership rates story.
The American dream of home ownership has been missing of late. Louisville fares no better as the National trend sees a decline.
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Top 10 Most Expensive Neighborhoods in Louisville

We may not be tuning in to Robin Leach’s “Lifestyles of the Rich and Famous” as we did in the 1980s but we still have our fair share of celebrity gawkers. Heck, HGTV has “Extreme Living” and “Million Dollar Rooms“

Then, once I saw Yahoo! Finance run The 20 Most Expensive Neighborhoods in America, I knew I had to run the numbers for our fair city.

Let’s go Louisville!

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Louisville Foreclosure Rates Continue to Decline

CoreLogic does a great job of keeping on top of certain real estate data points. In particular, their coverage of foreclosures and delinquency rates is quite valuable.

Map of June 2013 Foreclosure Rate by ZIP Code in Louisville Kentucky and Southern Indiana
It is interesting to see where Louisville foreclosure rates are still at higher levels. It’s not necessarily urban versus suburban either.
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Louisville Housing Market Looks Cautiously Optimistic

The watchwords for the Louisville housing market are “cautious optimism” for 2013. As per the home price index issued by CoreLogic Inc., home prices in the region increased by 0.2 percent in December of 2012 compared to what they were a year ago. This is also the biggest annual increase seen since May 2006.

Photo of a cute house for sale
Signs point to a favorable year for the Louisville housing market, with foreclosure numbers dropping, new housing starts up, and more.
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The Tide Is Turning: Foreclosure Rates Drop in Louisville

According to CoreLogic, foreclosure rates drop in Louisville as we watch the number of homes going into a foreclosure proceeding. This information was released in their most recent report. CoreLogic is a company that tracks and publishes data-driven reports, many centered around real estate, finances, and consumer goods.

Foreclosure Map for Louisville KY July 2012 - The Tide Is Turning: Foreclosure Rates Drop in Louisville
From the map above, you can see which portions of our city have the most foreclosures. The good news is that we’ve reached the peak and now we watch foreclosure rates drop in Louisville.
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Louisville Real Estate Agents Down 22% Since Housing Recession

I learned the other day that a good friend was becoming a Realtor. Knowing what I know about the Louisville real estate market, I wondered to myself, “What in the world is she thinking?!”

Photo of the Greater Louisville Association of Realtors headquarters offices
It’s only fitting that the GLAR headquarters resides in what looks like a home, rather than an office building.
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Where Will Interest Rates Go in 2012?

In one of my light-bulb moments, I discovered that (at least here in Louisville) unemployment has proven to be a bigger factor in determining home sales activity than traditional real estate metrics.

Chart of 30 year mortgage interest rates through 2012
Merely going back 10 years shows how attractive today’s mortgage interest rates are. When have rates ever been this low? Answer: Never.
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