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24/7 Wall St.: The Best Housing Markets for 2013

10. Louisville, Ky.-Ind.

Job growth: 2.7%
Vacancy rate
: 3.0%
Construction permits: 5.8 per 1,000 homes

Employment growth is the main reason behind the optimism for the Louisville housing market. Jobs in the area grew by 2.7% in the first 10 months of the year, which is among the top growth rates of the 100 largest housing markets. There has been a disproportionately strong growth in manufacturing, especially for automobiles. The Louisville housing market fared better than most during the economic downturn, with prices falling just 4.7% from peak to trough. Despite this, construction has still been relatively slow, at just 51% of the area’s historical normal rate in the first eight months of 2012.

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The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.

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