Anyone looking for an excellent place to start a business should consider Lexington, KY as a top contender. Lexington has a diverse culture and a rich heritage, that continues evolving. Strong growth makes Lexington a good market for new commercial businesses looking to buy a building and establish a presence in the city. It's also a good market … [Read more...]
Lexington, KY: History, Horses, and Commercial Real Estate
Lexington, Kentucky is legendary for horses because, well, it's the horse capital of the world. It has a proud history of horse racing and breeding, which means large, sprawling properties of land for these majestic creatures to roam, but Lexington is not just horses. Lexington, Kentucky is also home to the largest restored Shaker Village in the … [Read more...]
Real Estate Trends in Louisville, Kentucky
If you're not using statistical analysis to identify trends, well, you should be. Speculate all you like about what's going on in the market but the bottom line is mathematics. I remember one teacher stating that statistics was developed to evaluate probabilities within the gambling industry. No surprise there. In case you weren't aware of it, the … [Read more...]
Economic Snapshot of Kentucky Counties Based on Three Demand Generators
Employment, Population, and Income, collectively known as demand generators, are all fundamental forces of demand and key measures of the economic health of a region. Changes in these three categories affect the demand for various types of real estate within the market. For some time I've wanted to create a map to visualize which areas of Kentucky … [Read more...]
Employment Trends in Kentucky
Employment Trends in Kentucky In my previous blog post, I analyzed the trend in population for the top ten most populous cities in Kentucky. Population trends, along with trends in employment and income, comprise what are known in the appraisal community as 'demand generators'. Trends in these three categories increase the demand for real estate … [Read more...]
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