{"id":1087,"date":"2010-02-25T06:43:12","date_gmt":"2010-02-25T14:43:12","guid":{"rendered":"https:\/\/louisvillehomesblog.com\/?p=1087"},"modified":"2023-09-05T19:07:43","modified_gmt":"2023-09-05T19:07:43","slug":"is-louisville-real-estate-up-or-down","status":"publish","type":"post","link":"https:\/\/trepryor.com\/blog\/is-louisville-real-estate-up-or-down\/","title":{"rendered":"Is Louisville Real Estate Up or Down?"},"content":{"rendered":"\n

Housing news still dominates a large portion of our nation’s economic mindset. On Wednesday, Reuters wrote that new home sales hit a record low, and prices tumbled.<\/p>\n\n\n\n

\n

The Commerce Department said on Wednesday sales of newly built single-family homes dropped 11.2 percent to an annual rate of 309,000 units, the lowest level since records started in 1963, from 348,000 units in December.<\/p>\n<\/blockquote>\n\n\n\n

\"Home<\/figure>\n\n\n\n\n\n\n\n

Let’s be clear, this statistic is talking about new construction, not sales of existing homes. News isn’t that bleak here in Louisville. <\/p>\n\n\n\n

According to The Courier-Journal, Louisville’s home sales gained in January.<\/p>\n\n\n\n

\n

Members of the Greater Louisville Association of Realtors sold 702 houses and condos in January, a 33 percent increase from a year earlier.<\/p>\n\n\n\n

It marks the group\u2019s seventh-straight month of double-digit percentage gains from a year earlier.<\/p>\n<\/blockquote>\n\n\n\n

Color me confused because the very next paragraph states:<\/p>\n\n\n\n

\n

With only 529 sales, January 2009 was the slowest month in at least five years, said Lisa Stephenson, executive vice president of the Realtors group.<\/p>\n<\/blockquote>\n\n\n\n

That seems to contradict the opening paragraphs. When in doubt, I look at the data itself.<\/p>\n\n\n\n

\n

Louisville KY Home Sales: January 2009
Number of Houses Sold This Month – 529<\/strong>
Average Selling Price This Month – $160,018<\/strong><\/p>\n\n\n\n

Louisville KY Home Sales: January 2010
Number of Houses Sold This Month – 702<\/strong>
Average Selling Price This Month – $155,995<\/strong><\/p>\nThese statistics should represent residential sales of houses, condos and townhomes in the Greater Louisville MLS.<\/cite><\/blockquote>\n\n\n\n

Just what we’d guess, more sales but at lower prices. Not sure where some of these folks get their data.<\/p>\n\n\n\n

Louisville Real Estate Market Gets National Praise<\/h3>\n\n\n\n

The Louisville real estate market gets a compliment in the San Francisco newspaper<\/a> with this snippet.<\/p>\n\n\n\n

\n

Other cities which Bay Area residents, weary of the local housing market bubble, might consider relocating to include: Columbus, Ohio, whose suburbs are job-rich and where 87% of middle-income families can afford a home; Louisville, Ky. where foreclosure rates are very low and there is a stable housing market;<\/strong> Houston, Texas where the energy sector has kept jobs going; and Indianapolis, Minneapolis and St. Louis which made the ranking in spite of middling home-price forecasts because housing in these locations is affordable.<\/p>\n<\/blockquote>\n\n\n\n

Even better is Louisville ranking #2 in Forbes\u2019 Top Ten Best Housing Markets Across America<\/a>.<\/p>\n\n\n\n

    \n
  1. Pittsburgh, PA<\/li>\n\n\n\n
  2. Louisville, KY<\/strong><\/li>\n\n\n\n
  3. Houston, TX<\/li>\n\n\n\n
  4. Minneapolis, MN<\/li>\n\n\n\n
  5. Indianapolis, IA<\/li>\n\n\n\n
  6. Memphis, TN<\/li>\n\n\n\n
  7. Columbus, OH<\/li>\n\n\n\n
  8. St. Louis, MO<\/li>\n\n\n\n
  9. Dallas\/Ft. Worth, TX<\/li>\n\n\n\n
  10. Austin, TX<\/li>\n<\/ol>\n\n\n\n

    I’d say we have a lot to be appreciative of here in Louisville. What do you think?<\/p>\n\n\n\n

    Update: The CJ now makes mention of Louisville and our #2 ranking in Forbes with Forbes.com: Louisville housing market second best in the nation.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Housing news still dominates a large portion of our nation’s economic mindset. On Wednesday, Reuters wrote that new home sales hit a record low, and prices tumbled. The Commerce Department said on Wednesday sales of newly built single-family homes dropped 11.2 percent to an annual rate of 309,000 units, the lowest level since records started […]<\/p>\n","protected":false},"author":2,"featured_media":8710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[682],"tags":[104],"class_list":["post-1087","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trends-statistics","tag-louisville-real-estate","entry","has-media"],"_links":{"self":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/1087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/comments?post=1087"}],"version-history":[{"count":2,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/1087\/revisions"}],"predecessor-version":[{"id":21343,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/posts\/1087\/revisions\/21343"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media\/8710"}],"wp:attachment":[{"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/media?parent=1087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/categories?post=1087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trepryor.com\/blog\/wp-json\/wp\/v2\/tags?post=1087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}