New Housing Starts Jump in January
Feb 18, 2010 News
A friend in the industry passed along this piece of news today:
What’s driving the market: Treasurys fell as improved economic and corporate news reassured investors about the strength of the burgeoning recovery, undermining demand for safe haven assets.
The National Association of Home Builders reported that housing starts jumped 2.8% in January to an annual rate of 591,000, which was more than expected. Housing starts were expected to have reached an annual rate of 580,000 units in January, according to a Briefing.com consensus of economist forecasts. Building permits, a measure of houses yet to be built, fell 4.9% to an annual rate of 691,000 units in January, which was better than expected. The rate of permits was expected to have slipped to 620,000 in January.
Positive news for the market as a whole, not just Louisville real estate. But as this rebound continues expect interest rates to climb as well. If you’ve been waiting to make your move, time could be running out.
Louisville Awarded Top 20 Best Places to Retire
Sep 15, 2009 News
I’m not sure why Money magazine is doing a story called 25 Best Places to Retire, but in any event, they picked Louisville as the 20th best! Palm Springs has the weather, Pinehurst the golf but Louisville is getting national attention for our wonderful parks. This piece is highlighting the Louisville Loop which we talked about back in the Spring of 2008 as being a great move by our city to set itself apart.
According to the official Metro Parks Web site, the trail is still listed as “25% complete” but it may be that they’ve not updated their site in some time.
It should also be noted that part of the equation is median home prices. You can generally get a lot for your money in Louisville real estate.
Tags: Louisville Loop, Money magazine
