A nonprofit publication of the Kentucky Center for Public Service Journalism

Property inventory remains low as real estate sales rebound, indicating a strong summer ahead

The spring real estate season finally arrived but waited until the summer to finally heat up. After two consecutive months of year-over-year declines in home sales due to the ongoing pandemic, June real estate closed transactions jumped by 7 percent to 1,408 total residential sales, compared to 1,322 in 2019. This marks the fifth highest month on record for total real estate sales. Year-to-date, real...

Keven Moore: It’s neither a bird nor a plane — OSHA is now using drones to improve inspections

It’s a bird. It’s a plane. No…it’s an Occupational Safety and Health Administration drone? What? That’s right, folks, OSHA is in the midst of a technological revolution and has moved into the 21st century and is now using Unmanned Aircraft Systems to improve safety inspections. Whether these drones are called Unmanned Aerial Vehicles (UAVs), Miniature Pilotless Aircraft or Flying Mini...

The real estate market in Kentucky is seeing a rise in home prices as sales are leveling off

The real estate market in Kentucky is seeing a rise in home prices for the first two months of the year while home sales have leveled off. The median price rose 5 percent year-over-year to $119,523 in February compared to $113,833 in 2017. In January, the median price was up 4.6 percent to $122,433. This compares to Kentucky’s median price for all of 2017 of $128,589. Nationally, the median home...

Lexington-Bluegrass Association of Realtors records $140 million in real estate sales in February

Real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) positively impacted the Bluegrass economy for the month of February 2018 with 700 reported sales totaling $140,242,191. February sales activity decreased 12 percent with 794 sales reported closed in February 2017 compared to 700 sales reported closed in February 2018. Of the 700 sales, 152 sales were to first time...

Lexington-Bluegrass Association of Realtors records $280.6 million in real estate sales in July

Real estate sales by members of the Lexington-Bluegrass Association of Realtors (LBAR) reported 1,353 reported sales as of July 31 totaling $280,628,825. July sales activity increased 10 percent with 1,230 sales reported closed in July 2016 compared to 1,353 sales reported closed in July 2017. Of the 1,353 sales, 288 were to first-time homebuyers and 153 sales were to out of state buyers. Residential...

Record breaking year for Kentucky housing market; total home sales highest ever recorded

After a record breaking year in 2015, Kentucky’s number of homes sold set new highs in 2016. Total home sales were the highest ever recorded in the state at 52,123, an 8 percent increase over the 48,259 sold in 2015. The Kentucky Association of Realtors (KAR) reported that over the past five years, home sales increased monthly, year-over-year, in all but seven months. In both November and December,...

Lexington ranks 10th overall, first among large cities for first-time home-buyers, WalletHub says

Buying a home for the first time is an exciting and important milestone in the lives of most consumers. But the collapse of the housing bubble nearly a decade ago remains fresh in the minds of many potential home buyers, especially given the different levels of economic recovery among U.S. cities. With July being one of the top months for home sales and a third of all home buyers also being first-timers,...

Judy Clabes: Danville rolls out red carpet
for tour of available space downtown

Main Street in Danville. (Photo by Judy Clabes.)   Danville – the “It’s better here” community – held a walking tour and open house of empty and available properties in its historic downtown Thursday. And, in spite of a drizzling rain, a lot of folks showed up to take a look.   The walking tour was the brainchild of Bethany Rogers, new executive director of the Heart of Danville...