As a homeowner and appraiser, I try to keep track of home price trends for the major cities in Hardin County, Kentucky. Based on MLS sales, the price for homes in Elizabethtown and Vine Grove may have finally experienced a trough in 2014. Unfortunately, faced with the potential loss of an additional 4,000 troops at Ft. Knox, home prices in Radcliff … [Read more...]
Signs of a Bottom?
As I noted in my last post, I've had a spate of residential subdivisions to appraise. I'd like to clarify a point. In no way am I suggesting that subdivision development is economically feasible in Hardin County, Bullitt County, etc. But the decline in home prices we've seen over the last few years may be coming to a halt. Builders are beginning to … [Read more...]
Commercial Real Estate Appraiser in Kentucky
As a commercial appraiser in the great State of Kentucky, part of my job is to analyze local economic trends. We've all seen the ghost towns in rural areas as the population migrates towards more urbanized areas of the state. Needless to say, this trend wreaks havoc on the value of the commercial real estate left behind. Conversely, some less … [Read more...]