In a recent article published by Louisville Business First, the Federal Housing Finance Agency (FHFA) has published the latest data on the 10-year change in home values among the nations 100 biggest housing markets. The Buffalo Business First has calculated the market’s home sales prices with quarterly index prices. They have determined the Louisville housing market has increased the value of homes on average of 21.0 percent, making it the 20th best market.
This news is not only great for Louisville home owner’s, but also great for the local economy. It also leads to an increase in consumer spending. People that are making more money are spending more money. This leads to a positive domino effect. When consumers spend more money in the local economy, they are allowing businesses to expand their workforce. That is a reason for everyone to cheer!
Searching for the perfect home in a market where home values have increased can make it difficult to find the perfect home for you. Often, new construction homes are the answer to this problem. Whether you are a move-up buyer looking for more living space for your growing family, or an empty-nester looking to right-size your life, Elite Homes has the perfect home for you. With nine (9) communities scattered throughout East Louisville, your home site is waiting for you. Elite Homes also boasts a large inventory of Showcase Homes ready for you in 90 days or less. These completed or nearly completed homes give a perfect solution for those families who need something with limited time.
Having one of the best housing markets in the country, Lousiville has come out of the recession with it’s wings spread wide!
The increase in home values is having a positive effect on not only the city, but the people who proudly call Louisville home. The growth of the city will only get better as time goes on.