Glass Is Half Empty Concerning Housing Market

Photo of a glass of water

Is the glass half empty or half full?

It’s difficult to digest the seemingly never-ending stream of negative press that comes from the national media regarding the housing market. To make matters worse, this is a situation where perception affects reality. If you “think” the market is down it affects how you respond to a buying or selling decision. It’s a cycle. The more negative press that’s being generated, the more negative things shall go.

Here in Louisville, it’s not as bad as all that. Mr. Coomes is spot on.

“This is not a boom place. And we have not had the speculative bubble here, and so therefore, we’re not having the bust,” said U of L economist Paul Coomes.

That’s correct, but here’s a vital piece of the puzzle that goes practically unreported. People who don’t have a property to sell have an amazing opportunity to buy at a very good price. Just because the market is tough on sellers, doesn’t it stand to reason that’s it’s good for buyers?

I certainly believe so. Here in Louisville, I see some properties that are significantly below assessed value which are bargain buys for the right person. Talk about Black Friday. Why aren’t we hearing about this side of the story? Unfortunately, I think I already know the answer to that.

About the author

Tre Pryor, Editor-in-Chief

Tre Pryor is the recognized expert Louisville Realtor who can:
  • List and sell your current home in Louisville,
  • Help you purchase your next Louisville home, or
  • Guide you in your relocation to Louisville, Kentucky
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