The real estate market is declining in Lexington-Fayette County

By Knox van Nagell | March 8th, 2009 | See all in Our Urban Core

In Fall 2006, the Federal Reserve Bank of Cleveland, whose district includes this region, said signs are that “the bottom of the market has yet to be found.”
– Lexington Herald-Leader Editorial, October 1, 2006

In 2005, Fayette County had 13,086 vacant housing units, or 33.7.25% of total housing stock.
– U.S. Census Bureau, American Community Survey

In 2007, Fayette County had a 33.7% increase in foreclosures.
–Lexington Herald Leader, September 11th, 2007.

Construction of new homes in Fayette County is down 20% from 1997.
– U.S. Department of Commerce, 2007

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The Fayette Alliance is Lexington’s ONLY land-use advocacy organization that regularly educates and lobbies local government for a sustainable growth model that benefits all of us.

We believe that preserving our signature Bluegrass landscape, creating a dynamic and equitable cityscape through infill redevelopment, and improving our natural waterways are key components to achieving our economic and environmental promise here in Lexington-Fayette County...

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