John Lenihan and Kevin Cogan recently spoke at a Real Estate Forum hosted by PRG Investments at The Green Building.
From Insider Louisville:
The result was an evening of tantalizing teases by Kevin Cogan, and a dissection of the luxury home market by John Lenihan, both the consumer psychologies and the financial factors driving real estate, including the urban/suburban structure of the market.
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Both Cogan and Lenihan agreed that while Louisville market activity is increasing, neither sees a real estate bubble. “We are not in a bubble,” Lenihan said. “Not even close,” with the market driven by post-recession replacement demand.
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Lenihan also delved into the phenomenon of aspirational neighborhoods. He noted that prices post-recession are dramatically lower for certain subdivisions, such as Sutherland in Prospect, than in hot neighborhoods such as Norton Commons and Mockingbird Gardens.
Read the entire article here.
View photos from The Voice-Tribune.
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