Median Louisville home price of $165k limits options

Good luck getting home in trendy area for $165K

Leaders of area real estate groups say that the local median price, which is about $165,000, is low enough for first-timers paying rising apartment rents of $800 to $1,000 a month to transition without experiencing a huge hit to monthly expenses, as long as they can pull together the cash needed for a down payment and closing costs.

The hitch is that inventories of homes for sale are low, and places that new buyers seek out – Crescent Hill, St. Matthews and the Highlands – have few houses near $165,000.

Read the entire article:  http://www.courier-journal.com/story/money/personal-finance/real-estate/2016/08/27/good-luck-getting-home-trendy-area-165k/87268476/

 

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