The most recent news has come out regarding Louisville real estate – and potential opportunities for REOs, investments, foreclosures, and flips. While many parts of the rest of the country continues to see record setting foreclosures, Kentucky is currently going against that market perspective.
If you compare the February 2008 new foreclosures to February 2007, the rate of foreclosures in Kentucky declined by 24.2%. And by comparing that number to January 2008, the rate declined 16.7%.
The gross numbers included 476 foreclosures for February 2008. This equates to approximately one out of over 3900 homes in Kentucky.
The foreclosures decrease places Kentucky 45th highest in the United States – which is a decline from the January 2008 previously held 38th position when there were 572 foreclosures.
The only states with a lower foreclosure rate are currently Mississippi, North Dakota, South Dakota, Vermont, and West Virginia.
So, what does this mean for potential investors looking for a deal in the Louisville real estate REOs, investments, foreclosures, and flips? This is an indicator that Kentucky is starting to gain momentum and it may be near the bottoming out for pricing for homes in Louisville opportunities. Investors looking to get into this market, probably should be pulling the trigger very soon.
The National Association of REALTORs report that came out a few months ago indicates strong growth for the Louisville homes market in 2008. And add these 2 together, and if you are looking to pick up a REO home, or potential flip candidate, you should be looking – NOW.
Regardless of whatever investment persons are looking to get into – people are always looking to get in just as things bottom out, so they can maximize their potential profit. The catch is, knowing when its peaking and to get in.
All indicators appear to demonstrate the Louisville real estate market is peaking right now. The spring housing market is rapidly approaching, foreclosure rates are dropping, and economic indicators all seem to point to the Louisville homes market starting to gain strength and momentum – especially as it relates to the rest of the country. Barring something extremely unusual like both Ford plants closing in Louisville, the UPS moving, or some other extraordinary circumstance, it seems like now may be a good time for those waiting to get in to make their move.
Those investors looking for opportunities in the Louisville homes for sale market better start looking in a serious vein ASAP – once the word gets on the street at the consumer level, you can bet that many of the persons that have been riding the fence, are going to be jumping in with both feet. Remember, you heard it here first.
Louisville Investments – Time to Buy?
The most recent news has come out regarding Louisville real estate – and potential opportunities for REOs, investments, foreclosures, and flips. While many parts of the rest of the country continues to see record setting foreclosures, Kentucky is currently going against that market perspective.
If you compare the February 2008 new foreclosures to February 2007, the rate of foreclosures in Kentucky declined by 24.2%. And by comparing that number to January 2008, the rate declined 16.7%.
The gross numbers included 476 foreclosures for February 2008. This equates to approximately one out of over 3900 homes in Kentucky.
The foreclosures decrease places Kentucky 45th highest in the United States – which is a decline from the January 2008 previously held 38th position when there were 572 foreclosures.
The only states with a lower foreclosure rate are currently Mississippi, North Dakota, South Dakota, Vermont, and West Virginia.
So, what does this mean for potential investors looking for a deal in the Louisville real estate REOs, investments, foreclosures, and flips? This is an indicator that Kentucky is starting to gain momentum and it may be near the bottoming out for pricing for homes in Louisville opportunities. Investors looking to get into this market, probably should be pulling the trigger very soon.
The National Association of REALTORs report that came out a few months ago indicates strong growth for the Louisville homes market in 2008. And add these 2 together, and if you are looking to pick up a REO home, or potential flip candidate, you should be looking – NOW.
Regardless of whatever investment persons are looking to get into – people are always looking to get in just as things bottom out, so they can maximize their potential profit. The catch is, knowing when its peaking and to get in.
All indicators appear to demonstrate the Louisville real estate market is peaking right now. The spring housing market is rapidly approaching, foreclosure rates are dropping, and economic indicators all seem to point to the Louisville homes market starting to gain strength and momentum – especially as it relates to the rest of the country. Barring something extremely unusual like both Ford plants closing in Louisville, the UPS moving, or some other extraordinary circumstance, it seems like now may be a good time for those waiting to get in to make their move.
Those investors looking for opportunities in the Louisville homes for sale market better start looking in a serious vein ASAP – once the word gets on the street at the consumer level, you can bet that many of the persons that have been riding the fence, are going to be jumping in with both feet. Remember, you heard it here first.