Kentucky
Kentucky housing market listed as 'stable'
LEXINGTON, Ky. (LEX 18) — If you’ve got your eye on a home, now may be the perfect time to claim it before it’s gone, according to a new housing market report which indicates we’re coming out of a slump.
The recent report revealed the nation’s housing slump deepened in June as housing sales slowed. Although June might have been a slump, Kentucky real estate agent Cynthia Trgo says, July is the month to buy.
“A lot of slow-down activity because people are traveling and doing more than they have the past few years because of COVID,” explains Trgo. “Right now it’s a little bit more a buyer’s market. We’ve got a lot more inventory that’s sitting and not as much competition for those buyers. So the buyers sitting on the sidelines wanting to make a move, now’s a great time to do that.”
In May 2023, total housing inventory sat at 2,425 homes. As of May 2024, there’s been a 16% increase, according to Bluegrass Realtor’s.
“So a healthy, stable real estate market is about four to six months of inventory. Right now, we’re sitting at about four-point-one. So this should give a lot of people confidence as to where our market goes and how stable we truly are,” said Trgo.
Today’s average interest rate is around 7% for a 30-year fixed home mortgage. Which is why a lot of sellers aren’t putting homes on the market. If those interest rates drop, home prices will increase.
“Depending on the type of market, whether you’ve got your luxury market, your entry level market. But we’re sitting around that 250 to 270-thousand-dollar mark,” Trgo explained.
According to Bluegrass Realtor’s, the average home spends 38 days on the market. If you have your eye on an open door, it might be time to close on it before you miss your chance.
Kentucky
Kentucky is poised to land either Donnie Freeman or Sebastian Rancik this weekend, per report
Jones posted on Twitter that “Kentucky will have (absent a major change) either Freeman or Rancik by tomorrow,” while also noting the Wildcats still need to add another shooter and another big to round out the roster.
One of the top targets is Donnie Freeman, a 6-foot-9, 205-pound sophomore forward transferring from Syracuse. Freeman arrived in Lexington on Tuesday night and began his visit on Wednesday before leaving without a commitment. While there was concern he could land at UConn, that visit has since been canceled, leaving Kentucky and St. John’s as the top teams.
Freeman averaged 16.5 points, 7.2 rebounds, and 1.3 assists per game last season, while adding nearly a block and a steal per contest. He shot 47.4% from the field but 30.2% from 3-point range across 23 games.
The other option is Sebastian Rancik, a 6-foot-11, 220-pound sophomore forward transferring from Colorado. Rancik visited Kentucky starting Wednesday through Thursday and brings a versatile skill set, averaging 12.3 points, 5.6 rebounds, and 2 assists per game while shooting 33.1% from 3.
Either Freeman or Rancik would provide a significant boost at the power forward position for head coach Mark Pope. Kentucky has already added guards Zoom Diallo and Alex Wilkins in the portal.
Kentucky football coach Will Stein reflects on new position
Will Stein was officially introduced to fans and media as the head coach for the Kentucky Wildcats, replacing Mark Stoops.
LEXINGTON — Kentucky football had its first spring game under new coach Will Stein at Kroger Field on Saturday.
The offense, in blue jerseys, had its moments. So too the defense, donning white uniforms.
Ultimately, the blue squad earned a 23-18 victory in a game called just after noon because of inclement weather.
Stein admitted he “got emotional” as he charged onto the field prior to kickoff.
“I know it wasn’t a real game, but when I ran on the field, I definitely — man, I felt it,” he said. “It was like a wave running over me. And very, very, just cool.”
While it doesn’t count in the standings, Stein walked away pleased.
“I think we got a lot of really good work,” he said. “That’s the goal of spring is to improve with fundamentals and technique, learn how to practice, learn what winning edges that we need throughout spring to go into summer and fall and prepare the team for play. And we came out of the scrimmage clean. There (were) no injuries, which to me, that’s the biggest win of the day. I could (not) care less about the score.
“If we come out clean, that’s good. The Wildcats won.”
New starting QB Kenny Minchey looked about as expected, with sharp passes evened out by moments of inconsistency. Martels Carter Jr., a defensive back who is lining up at running back this spring, scored a touchdown and had several nice runs.
And the defense forced multiple three-and-outs and also picked off one Minchey pass on a two-point conversion.
This story will be updated.
Reach Kentucky men’s basketball and football reporter Ryan Black at rblack@gannett.com and follow him on X at @RyanABlack.
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