RealtyTrac reported Kentucky foreclosures declined by 33.5%. The state faired far better than the nation, which saw a 24.5% increase in October, when Kentucky saw a 35% decline. Kentucky has one foreclosure for roughly 3,500 households compared to the nation that has one foreclosure for roughly 450 households.

The National Association of Realtors (NAR) reported that there is a rise in first time home buyers, and they plan to own their own homes longer than in the past.  NAR chief economist said a higher trend to first time home buyers makes perfect sense..."First time home buyers are much more flexible in entering the market because they aren't concerned with selling an existing home. Given low home prices, supply, and affordable interest rates, its been an optimal time for entry level buyers with a long-term view." The number of first time home buyers rose 2 percent in 2008, which is a considerable gain in this slow real estate market.