Here’s what our local home builder’s association had to say about the positive news.
Louisville, KY recently received a nod from Jed Kolko, chief economist for online real estate resource Trulia, Inc., as one of ten “healthy” housing markets he will be keeping his eye on as we enter 2013. Louisville is included on this list because of its strong labor growth, low vacancy rates, and low foreclosure inventory. In fact, the article points out the low vacancy rates have created conditions where building of new construction is necessary, but that conditions are not such that inventory and sales are affected.
Below is the full list of healthiest real estate markets for the upcoming year.
- Houston, TX
- San Francisco, CA
- Bethesda-Rockville-Frederick, MD
- San Antonio, TX
- Austin, TX
- Seattle, WA
- Omaha, NE
- Peabody, MA
- Fort Worth, TX
- Louisville, KY
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