Population migration has a huge impact on the value of commercial real estate in cities in Kentucky. It's a little saddening to watch the demise of various cities in rural Kentucky as their population gradually declines and local businesses are forced to close their doors. The phrase "Death by a Thousand Cuts" comes to mind. On the other hand, some … [Read more...]
Top Ten Cities in Kentucky: Median Household Income
Median Household Income Trends in Kentucky Having already considered population and employment trends in the top ten most populous cities in Kentucky, this post will evaluate trends in the median household income, a key measure for those considering a site selection for their business and an important economic consideration when appraising … [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...]
Real Estate Demand Generators in Kentucky
Demand Generators: The Main Ingredients If you live close to Louisiana you're probably aware that three of the main ingredients in Cajun cuisine are bell peppers, onions, and celery - referred to colloquially as the 'Holy Trinity'. If your nasal passages have ever been graced with the scent of these three ingredients sauteing together in a … [Read more...]