Louisville real estate agents, homebuilders and mortgage brokers are seeing nervous consumers in their industry. They’ve joined with Jefferson County’s Property Valuation Administrator – Tony Lindauer – to produce a report on the city’s real estate market to reassure homeowners the value of their homes remains steady, despite the weak national market. Lindaur says continuous news coverage of the national real estate decline has led some Louisvillians to believe the value of their homes will be lowered.
“This directly affects our attitudes, and results in a lack of consumer confidence, it impacts the decisions we make in our buying habits, our future plans, and even how we manage our daily lives. But perception is not reality,” said Lindauer.
Lindauer says the median value of Louisville homes has not increased at the rate it had previously been growing, but appreciation values are still increasing.
Home values in places like Florida, California and Las Vegas saw a sharp increase before plummeting, while Louisville’s home values have remained steady.