By the end of June, an untold amount of people will get a seven-day notice and be forced out of their homes, but a group in Lexington is resurging to try to help.
Pandemic-era real estate frenzy hits central Kentucky
and last updated 2021-05-24 19:50:54-04
BOURBON COUNTY, Ky. (LEX 18) â Central Kentuckians are experiencing the effect of the pandemic-era real estate frenzy as the value of homes and demand rise.
Realtor Amy Boone knows because she s been selling homes in Central Kentucky for 15 years. She says the competition for buyers right now is like nothing she s ever seen. There are just so many buyers who are ready and have the financing available but yet there s just not enough inventory, just not enough houses and so buyers are just scrambling, said Boone.
The Lexington-Bluegrass Association of Realtors estimates the average time a home is on the market in the area now is 36 days. That s compared to 59 days just a year ago.
Lexington Bluegrass Association of Realtors presents check to Chamber of Commerce thetimestribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thetimestribune.com Daily Mail and Mail on Sunday newspapers.
Corbin Mayor Suzie Razmus was the guest speaker at the Southern Kentucky Chamber of Commerce membership luncheon Tuesday.
Razmus updated chamber members on local business developments and progress of projects throughout Corbin, such as the annexation of Exit 29.
Regarding the annexation, Razmus stated, “I know that it has been very tumultuous right now, there is a lot of hard feelings that are going on.”
On Friday, Senate Bill 274, which was introduced by Senate President Robert Stivers, passed 20 to 12.
“It [SB 274] finally gives Corbin the opportunity to do something with this exit that has been stagnate for decades,” said Razmus.
To stop London’s attempt to annex a portion of Exit 29, Corbin filed a lawsuit against the city.
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LEXINGTON, Ky. (Jan. 21, 2021) The University of Kentucky will host the 32nd annual Economic Outlook Conference, sponsored by Central Bank, Wednesday, Feb. 3. The conference will be offered from 8:30 a.m.-noon as a webinar. Registration is required, but the registration fee has been waived.
Kevin L. Kliesen, business economist and research officer of the Federal Reserve Bank of St. Louis, will be the featured speaker discussing the U.S. economy and monetary policy.
Additional speakers and presenters include:
Michael Clark, associate professor of economics and director of the Center for Business and Economic Research in Gatton College, Economic Outlook for 2021: Kentucky and Beyond ;