After a couple of down years, it looks like home values in Louisville are heading back up. This information comes from First American CoreLogic.
Home Prices in Louisville-Jefferson County Increase
In Louisville-Jefferson County, home prices, including distressed sales, increased by 0.63 percent in December 2009 compared to December 2008. This compares to November’s year-over-year HPI, which was 0.06 percent.** Excluding distressed transactions, year-over-year HPI for December is 0.11 percent, compared to November which was -0.87 percent.
What’s even better is that they’re forecasting a good 2010. Here’s the 12 Month Forecast, starting December 2009 to December 2010.
Kentucky 3.2% [Single Family Combined] 2.5% [Single Family Combined Excluding Distressed] National 2.7% [Single Family Combined] 3.5% [Single Family Combined Excluding Distressed]