I attended the Greater Louisville Association of Realtors Economic Summit yesterday; very enlightening, up beat and positive. As an area we have done well during the economic downturn and there are some interesting projects in the works for our area. You may not feel upbeat if you're currently unemployed, but other parts of the state and region have done a lot worse. One of the factors that have helped this region is the proximity to the north/south interstate corridors of I-65 and I-75. Although I-64 had some impact, it wasn't has instrumental as the N/S routes. Long tern real estate values have stayed relatively steady. Although a few regions nationally are down 30-40%, they are very specific areas that had huge increases in value over the previous few years (bubbles). Unfortunately they are still the focus of the national news outlets and have had a negative effect on customer perception of their local real estate market and opportunities.
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