Louisville’s Foreclosure Rate Drops 48%

Companies and consumers alike are starting to catch on to the dangers of debt.

While mortgage foreclosures continue to soar in many parts of the nation, filings in the Louisville area dropped 48 percent last month from the year before, a new report shows. [link]

Who’s making out like bandits during this downturn? Investors.

In the meantime, investors such as Bowman say they’re still doing a brisk business purchasing homes from people who can no longer afford the payments, but want to avoid the financial blemish of a foreclosure.

Things are definitely improving here in the Louisville housing market.

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