Thursday, September 19, 2013

Kentucky Housing Market Conditions

Kentucky Housing Market Conditions

June 2013 | 
 | Kentucky | 

Seriously Delinquent Mortgages by Zip Code

June 2013
Kentucky Map
Map key Seriously Delinquent Mortgages by Zip Code
Source: Lender Processing Services
In June 2013, 4.73 percent of loans in Kentucky were seriously delinquent (delinquent 90 days or more or in foreclosure). The national rate stood at 5.84 percent.

Change in Seriously Delinquent Mortgages by Zip Code

March 2013 to June 2013
Kentucky Map
Map key for change in Seriously Delinquent Mortgages
Source: Lender Processing Services
The share of seriously delinquent loans decreased 39 basis points (bps) in Kentucky between March 2013 and June 2013. Loans that are 90 days or more delinquent decreased 12 bps; foreclosures decreased 27 bps.

Top 10 Zip Codes with Mortgages Under Stress

June 2013
Zip CodeCBSA or CountySeriously Delinquent Mortgages
42262Clarksville, TN-KY13.9%
40211Louisville/Jefferson County, KY-IN12.7%
41014Cincinnati-Middletown, OH-KY-IN12.1%
40210Louisville/Jefferson County, KY-IN11.8%
40212Louisville/Jefferson County, KY-IN11.6%
41016Cincinnati-Middletown, OH-KY-IN10.5%
41030Cincinnati-Middletown, OH-KY-IN9.5%
40118Louisville/Jefferson County, KY-IN9.0%
40215Louisville/Jefferson County, KY-IN8.7%
40216Louisville/Jefferson County, KY-IN8.7%
Note: Zip codes with less than 0.15 percent of total loans in the state were not included in this analysis. For the state of Kentucky, the cutoff is 499.
Source: Lender Processing Services

House Prices

Second Quarter 2013
House Prices Kentucky
Source: Federal Housing Finance Agency Seasonally Adjusted Expanded HPI
In the second quarter of 2013, house prices in Kentucky were 0.1 percent higher than in the first quarter and 1.6 percent higher than in the second quarter of 2012.