Has the Louisville Real Estate Market Hit the Bottom?

It’s been widely reported that shady lending practices, greedy borrowers, and a general lack of wisdom (if not sneaky partisan policies) coming from our elected officials is what brought the housing crisis upon us.

Photo of flood waters rising on a home
Homeowners who owe more money than their home is worth are considered to be underwater or upside down. However, data does indicate that the number of distressed properties is shrinking for the first time since the housing recession began.
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Louisville Home Prices Drop: Sellers Mourn, Buyers Rejoice

The Wall St. Journal doesn’t focus on our local market but the points they make for the country as a whole can be applied to our situation.

Chart of US home price changes from 1 year ago
Home prices continue to drop, in some places far more than others. Kentucky fares worse than Tennessee, and Indiana but better than Ohio.
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