Louisville Foreclosures Expected to Increase 28%
Posted by Tre Pryor, Editor-in-Chief on April 04, 2007 in Trends/Statistics tagged withHot on the heels of my last post—Foreclosures Affect Us All—comes this piece from the Courier-Journal:
Through March, Louisville has logged 915 foreclosures and could surpass 3,600 by the year’s end.
According to housing coalition data, there were 2,800 foreclosures in 2006.
Again the moral of the story is to be conservative in estimating the amount one is able to borrow.
» More Louisville Real Estate.
[...] On a related note, the primary reason the country is currently freaked out about foreclosures killing the housing market is because home buyers are buying more house than they can afford. An attitude you won’t hear coming from our nation’s credit purveyors. [...]