Home Foreclosures Up in Jefferson County

A new report issued by a real estate analysis firm reports that foreclosure rates in Louisville and Jefferson County were up by more than two percent in May. The news was in the “Real Estate News and Trends” publication issued by Corelogic, which is an information, analytics and business services company. The two-and-one-quarter percent rise in foreclosures represented a jump of one-quarter of one percent from foreclosure rates in May 2009. The mortgage delinquency rate in and around the Louisville area is nearly six percent, and industry analysts disagree whether or not foreclosure rates in the area will continue to rise. Click here for a map of foreclosure rates by zip code in the Louisville area. Plunging home values, upside-down mortgages and other factors plaguing many housing markets have not hit the Louisville real estate market as hard as many others. However, we’re not immune to job loss, and while the Corelogic report didn’t cite any causes for the rise in Louisville foreclosures, job loss is certainly a leading factor. Many of our area’s larger employers have cut staff and closed facilities, which surely contributed to the spike in foreclosures. If you’re looking at foreclosures in the area for your primary residence or as an investment, feel free to browse our listings or give us a call for the area’ most complete selection of residential and commercial Louisville real estate. We offer a wide range of services for buyers and sellers that are customizable to fit the unique needs of your situation. To speak with an experienced Louisville real estate professional at our locally owned and operated firm, call us today at 502.744.9504. Resource link: http://www.fox41.com/Global/story.asp?S=12773286

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James Powell

Jim Powell has over 20 years of experience buying and selling luxury real estate in Louisville, KY and Managing over hundreds or rental properties across the city.
Jim Powell (License #191501)

Lauren Ghanavatian

Lauren Ghanavatian attended Assumption High School and the University of Louisville. Growing up in Louisville gave her a sense of the unique and diverse communities this city has to offer.

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Louisville Properties is a full service Louisville Real Estate Company for buyers and sellers of real estate. We offer the following services
3418 Frankfort Ave #100 Louisville, KY 40207 Louisville, KY 40207
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Phone: 1-502-744-9504

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