By Rick Howlett
Jefferson County Property Valuation Administrator Tony Lindauer says housing values in Louisville were basically flat in 2009 in a market that previously saw homes appreciate by an average of three percent annually.
Lindauer released his annual State of the Real Estate report at a press conference in Portland, one of many
west Louisville neighborhoods hard hit by the mortgage crisis.
He says some other neighborhoods are seeing an uptick in home values this year, including the Highlands, River Road, Butchertown, St. Matthews, East Market Street and Schnitzelburg.
“There’s a wonderful stock of housing and a lot of the elderly people are moving into smaller places and they’re selling those and the kids are renovating them,” he said.
Lindauer says housing starts in Jefferson County were flat in 2009 but are beginning to edge upward.