Kentucky
Kentucky housing market at tipping point, survey finds
LEXINGTON, Ky. — Thirty-eight % of Kentucky Realtors count on home costs to fall, whereas seventy-seven % count on homes to remain available on the market for longer, in accordance with the Could 2022 version of the HousingIQ Survey of Kentucky Realtors.
“The market is at a tipping level. Homebuyers face three challenges—larger home costs, larger mortgage charges, and considerations concerning the economic system. 50% of the survey respondents stated a few of their patrons had dropped out of the market due to larger mortgage charges whereas 41% count on a lower in foot site visitors,” stated Vidur Dhanda, survey writer. “Sellers are attempting to get in entrance of the market slowdown with 61% of the respondents anticipating elevated price-cutting by sellers. Nonetheless, which may not be sufficient for some patrons.”
Within the newest Residence Buy Sentiment Index difficulty, which tabulates nationwide client sentiment, Fannie Mae reported {that a} survey-high 79% of respondents stated it’s a “dangerous time to purchase” a house, because the headline index inched nearer to its April 2020 low.
The Mortgage Bankers Affiliation reported that the nationwide weekly Buy Index was 21% decrease than a 12 months in the past.
Dhanda continued: “We now have been reporting elevated investor exercise for the final a number of months. 38% of the survey respondents stated that investor exercise had picked up within the final three months and 43% anticipated elevated gross sales to buyers. As patrons get priced out, buyers will strategically add to their portfolios so long as the rental market stays robust.”
COMPARED TO A YEAR AGO
- 38% count on home costs to fall—a 26-point enhance
- 77% count on homes to remain available on the market for longer—a 50-point enhance
- 61% count on higher price-cutting by house sellers—a 35-point enhance
- 41% anticipate a lower in foot site visitors—a 32-point enhance
Based mostly on the month-to-month survey information, the HousingIQ/Kentucky Realtors Confidence Index supplies a composite measure of expectations for the Kentucky housing market over the subsequent 12 months.
The HousingIQ/Kentucky Realtors Confidence Index dropped 5 factors from final month to shut at 33. In comparison with a 12 months in the past, the headline index is nineteen factors decrease. A worth of 100 corresponds to all respondents agreeing that market circumstances will enhance. In distinction, 50 corresponds to respondents anticipating no change in market circumstances.
The Worth Expectation sub-index dropped 5 factors from final month and is 24 factors decrease from a 12 months in the past, reflecting a continued slowing down in value development. The Purchaser Energy sub-index gained 11 factors and is 34 factors larger than final 12 months, indicating the rising leverage patrons are getting out there. The House owner Stress sub-index was largely unchanged and is 2 factors decrease than a 12 months in the past.
The survey outcomes can be found right here.
Click on right here for extra Kentucky enterprise information.
Two months after video showed him shooting a Kentucky judge at point-blank range in his chambers, former Sheriff Shawn ‘Mickey’ Stines has been indicted for murder.
The indictment, announced jointly by state and local prosecutors, charges Stines with shooting and killing Letcher County District Court Judge Kevin Mullins. Stines is scheduled to appear for his arraignment on Monday, Nov. 25.
RELATED STORY | Video shows Kentucky judge try to hide as he’s gunned down in chambers
At a probable cause hearing in October, prosecutors showed a silent video that appeared to show Stines walking into the judge’s chambers with a weapon and firing multiple times at the victim, who frantically tried to escape under his desk.
Stines, who was sheriff at the time of the shooting, resigned on Oct. 1, hours before appearing in court to plead not guilty to murder charges.
RELATED STORY | Kentucky sheriff charged with fatally shooting a judge pleads not guilty in first court appearance
Investigators have not offered any potential motive for the murder. Those who knew Stines and Mullins said the two had worked together for years and were friends.
To date, prosecutors have not announced whether they will seek the death penalty.
This story was originally published by Lauren Silver at Court TV.
Kentucky played Texas competitively during stretches of Saturday’s game in Austin but an ugly stretch in the second quarter gave the Horns a lead they would never relinquish.
Here are some of the key numbers that tell the story of what happened in the game.
209 … More yards for Texas than Kentucky. That’s not surprising but speaks to the challenge. The Horns had 441 yards of offense with a lot of balance (250 on the ground, 191 through the air) while the Cats mustered only 211 yards of offense, almost all of which was passing.
160 … The total passing yards for Cutter Boley. The freshman was 10/18 for 160 yards and an interception. Boley entered the game because Brock Vandagriff was struggling and he did a lot to impress. He saw the field well, made some confident reads and delivered catchable balls down the field.
158 … Rushing yards for Texas’ Quintrevion Wisner. The Longhorns rushed for 250 yards on the game.
25:30 … Time of possession for Kentucky in the game. Any upset bid would have been aided by Kentucky controlling the ball more than Texas. That did not happen.
20 … Carries for Kentucky running backs Jamarion Wilcox (50 yards) and Demie Sumo-Karngbaye (30 yards). Wilcox had a long of 18 while DSK’s long was just six yards. The backs had decent success considering the opponent but Boley was charged with -57 rushing yards.
17 … Second quarter points for the Longhorns. That’s when the game appeared to be decided. First, the Horns went 65 yards in 11 plays for a touchdown. Then after a Vandagriff pick they scored again quickly before adding a field goal as the half ran out.
11 … Fumbles in the game. It was almost comical how often the ball was bouncing at times. Kentucky fumbled five times but didn’t lose one of them, while Texas fumbled six times and lost two.
10 … Tackles for sophomore Texas linebacker Anthony Hill, who we said coming into the game was playing at an All-American level. He had two sacks and three tackles for loss as the most active, productive Texas defender in the game. He was a problem Kentucky couldn’t account for.
6 … Sacks by the Texas defense. That led to UK only being credited with 21 rushing yards on the game, but more important was the impact on UK’s offensive results. The protection issues have been persistent all season.
2/12 ... Kentucky on third down. That’s not going to get it done in a game like this. That’s a big reason why Texas ran 23 more plays than Kentucky, and had the ball for 10 minutes longer. The big problem was that Kentucky averaged 11.1 yards to go on third down today.
0 … The turnover margin in the game. That gave Kentucky a chance to play somewhat competitively. Both teams had seven points off turnovers with UK’s being Jamon Dumas-Johnson’s return.
AUSTIN — Texas Longhorns quarterback Quinn Ewers went into the medical tent in the second quarter of Saturday’s home finale against the Kentucky Wildcats after the conclusion of a touchdown drive. Ewers appeared to have his ankle rolled up on earlier in the possession but never went off to the sidelines despite having a small limp.
Fortunately for the Longhorns, he was right back on the field for Texas’ next drive after an acrobatic interception from Jelani McDonald. A few plays later, he connected with Gunnar Helm for his second touchdown catch of the day on a 17-yard score.
Ewers has, of course, been no stranger to injuries during his time at Texas. He’s in his third year with Texas but has missed a total of seven games as a Longhorn due to injury, with at least two absences in each season. This included two missed games this season due to an oblique injury he suffered against UTSA.
Naturally, the conversation of him earning the “injury-prone” label is a real one to have, but head coach Steve Sarkisian sees things differently.
“I don’t necessarily think so,” Sarkisian said. “Sometimes injuries happen because they happen, you know? … I mean, when a guy gets pile-drived on his shoulder, there’s a pretty good chance — it doesn’t matter who you are — your shoulder is probably going to be sore to some capacity. Or when you get pile-drived and your clavicle gets, gets popped. I mean, I don’t know many guys that would have withstood that hit from Dallas Turner a couple years ago. That was an odd hit. And I’ve seen that injury, that same injury Quinn had that year, Jalen Hurts had as well. Oddly enough, he has the oblique strain there a few weeks ago, and I’m watching the game the other night. Derek Carr is out of the game, oblique strain.”
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