Why move to Louisville? Forbes Magazine will tell you! A new report on Forbes.com rates the Best Bang-For-The-Buck Cities. The report is based on a number of criteria including Solid housing markets, relatively stable employment, enviable cost of living and quick commutes make these metros among the country’s most affordable to live. Out of the 100 cities ranked in the report.
Louisville Kentucky ranked 24th easily beating cities like Indianapolis (ranked 40), St Louis (ranked 44) and Cincinnati (ranked a whopping 70).
Louisville get’s it’s best score, (ranking 17th) for our lower real estate takes. Our worst score (66th) was for Unemployment. The report quotes Kermit Baker, a senior researcher at Harvard University’s Joint Center for Housing Studies.”These are sleepy little markets that have fallen under the radar screen in terms of turbulence in housing, they didn’t go through much of a boom or bust.”
That in fact is the key to Louisville’s success. Our 3% home appreciation (on average per year) has kept us from out-pricing the real price of homes
To gather the rankings, that offer most bang for the buck, Forbes looked at the country’s 100 largest Metropolitan Statistical Areas–geographic entities defined by the U.S. Office of Management and Budget. They then used a variety of data including foreclosures as a percentage of home prices; vacancies; unemployment rates; a three-year job-growth forecast; a three-year home-price forecast; housing affordability; median real estate taxes; and median travel time to work.
The top 3 cities were Omaha Nebraska, Little Rock Arkansas and Jackson Missouri. The bottom 3 were New York City, Miami and LA. For more information about Louisville Home Sales and Louisville Real Estate, head to www.weselllouisville.com
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