While it’s been a tough year for Louisville real estate, at least we can take some solace in knowing our market isn’t behaving like some of those in Florida, California and some other states. But for a city where home appreciation has run 4%-5% annually, any kind of departure from that trend isn’t expected or welcome.
I read this in the CJ today:
The weak performance continued a downward trend of the past several months, and pushed the area’s year-to-date median price decline to 3.6 percent
Some are predicting a rebound in 1Q of ’09 but others say the worst is yet to come. We can’t worry about what the future holds as much as we should make our decisions on what makes the most sense, right here and now.