Home Price Index drops, but cost of homes rise slightly locally

New Albany seeing more home repairs versus new construction. According to Federal Reserve data, the number of delinquent mortgages more than 90 day due increased from the third quarter of 2008 through the third quarter of 2009 in Floyd, Clark and Harrison counties in Louisville Metro. A report from the National Association of Realtors showed home prices increased by .1 percent in Louisville Metro during the third quarter of 2009