Louisville 1 of 10 Cities Primed for Real Estate Turnaround
Aug 12, 2009 by Tre Pryor, Editor-in-Chief. News
I’m not sure “recovery” is the best term for the Louisville housing market, since admittedly the author of this U.S. News and World Report article said it never really bust, but it’s nice to hear national experts promote our city.
The article is called 10 Cities Primed for a Real Estate Recover. Here’s the portion that refers to Louisville.
Louisville, Ky. (15.9 percent, up 3.5 points). Two Ford Motor plants have been laying off workers, and other cutbacks in manufacturing and construction have driven the local unemployment rate above 10 percent. But UPS recently expanded a major shipping hub, and there are other anecdotal signs of hope. Attendance at job fairs has been falling, for instance, and a majority of regional retailers say they’re optimistic that sales will pick up in coming months. Plus, Louisville’s real estate market never boomed like other markets, which means there will be less of a bust to recover from.
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