Kentucky REALTOR® News
- Kentucky's jobless rate drops to 5.1% in May 2016
- June 17, 2016
Kentucky’s seasonally adjusted preliminary unemployment rate for May 2016 dropped to 5.1 percent from a revised 5.4 percent in April 2016, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.
The preliminary May 2016 jobless rate was 0.2 percentage points lower than the 5.3 percent rate recorded for the state in May 2015. The U.S. seasonally adjusted jobless rate for May 2016 was 4.7 percent, according to the U.S. Department of Labor. Read More
- Jobless rates up in 65 Kentucky counties in March 2016
- May 20, 2016
Unemployment rates rose in 65 Kentucky counties between March 2015 and March 2016, fell in 37 counties, and remained the same in 18, according to the Kentucky Office of Employment and Training, an agency of the Kentucky Education and Workforce Development Cabinet. Read More
- Stevens Named CEO for KAR
- April 28, 2016
The Kentucky Association of REALTORS® (KAR) has named Steve Stevens as its Chief Executive Officer, effective May 17, 2016.
Stevens had most recently been president and CEO of Greater Spokane Incorporated (GSI), the 1,200-member chamber of commerce and economic development agency for eastern Washington. In his role, Stevens’ focus was on recruitment and expansion of business and industry, government relations, workforce development and member services. During his tenure, strong legislative advocacy by the organization helped secure over $1.7 billion in new funding for the region.
“We are excited to have Steve on board,” stated Lamont Breland, president of KAR. “His diverse background in public policy and perspectives on business management issues at the local, state and federal levels will serve our Association well going forward.”
Before joining GSI, Stevens served for eight years as president and CEO of the 2,000 member Northern Kentucky Chamber of Commerce located in Ft. Mitchell. Prior to that appointment, he was the Chamber’s Senior Vice President of Public Affairs and spent more than 12 years advocating for the advancement of pro-business issues, community priorities and trade development, as well as serving as the Chamber’s legislative agent in Frankfort. Stevens also served the Kentucky Chamber of Commerce as the Director of Government Affairs for three years.
“I am thrilled to be coming home to Kentucky to apply my expertise and years of experience to help support such an important segment of Kentucky’s businesses. Working as a dedicated business advocate for most of my life, it’s been my ‘calling’ and I am energized to be part of this team. Nearly 10,000 members count on KAR’s strong advocacy to advance issues and provide important member services that help them grow and maintain strong businesses in Kentucky.”
Stevens is a graduate of the University of Kentucky, the Institute for Organization Management, the Center for Creative Leadership and Leadership Kentucky. In a volunteer capacity, Stevens served as president of the state association of Chamber of Commerce Executives in Kentucky and has been an active member of the Association of Chamber of Commerce Executives (ACCE). He earned the Certified Chamber Executive (CCE) designation from ACCE and was named Chamber Executive of Year in 2011 by the Kentucky Chamber of Commerce.
Stevens and his wife, Marilyn, have two sons, Stewart, who is also a University of Kentucky graduate and Logan, who will soon graduate from Virginia Tech University in Blacksburg, Virginia. The Kentucky Association of REALTORS® is one of the largest and most influential associations in Kentucky.
Founded in 1923, KAR represents more than 9,600 REALTORS® who are involved in all aspects of real estate, including residential and commercial real estate brokers, sales agents, developers, builders, property managers, office managers, appraisers and auctioneers.
- 7 benefits of a home's outdoor space
- April 25, 2016
It's common today for backyard space to be used as an extension of a home's livable space. Creating an idyllic and cozy outdoor environment can also benefit when it comes time to sell. While there are many functional and financial benefits of maintaining a home's outdoor space, there are also many health benefits.
The Outdoor Power Equipment Institute (OPEI) recently shared seven reasons why it pays for owners to have an enjoyable backyard. Read More
- First-time buyers love these home features
- April 11, 2016
Mid-Atlantic real estate professionals are bullish on the housing market this spring, particularly due to the growing number of first-time home buyers entering the market.
In its 2016 Mid-Atlantic Housing Market Survey, MRIS – one of the nation’s largest multiple listing services – found that 57 percent of nearly 750 real estate professionals recently surveyed expect this spring to be busier than last year. The majority of the respondents cited low mortgage rates as the main reason they believe buyers will act faster this year than last year. Read More
- 9 neighborhood features that hamper values
- April 11, 2016
Certain neighborhood features near a home – like cemeteries and power plants -- could drag down a home’s price. Realtor.com® recently identified which of those features could have the biggest impact.
To calculate, realtor.com® analyzed home prices and appreciation rates in ZIP codes of the 100 largest metro areas across the country where a specific so-called “drag-me-down facility” – such as power plants or homeless shelter – was present. Read More
- Kentucky REALTOR selected as a finalist for NAR's 30 Under 30
- March 18, 2016
One of the 50 finalists named to the list of 30 Under 30 with NAR was a Kentucky REALTOR®. Rusty Underwood, with the Lexington Bluegrass Association, is eligible for the 30 Under 30 award, and is up for the Web Choice Award. Now through noon (CST) on March 25, REALTORS®, friends, family members and acquaintances can place daily online votes for Rusty in REALTOR® Magazine’s 2016 “30 Under 30” Web Choice Award.
According to NAR, anyone can vote daily for their choice. The finalist with the most votes after one week will get a spot in 30 Under 30. Once online voting ends, the remaining 29 honorees for this year will be selected by a panel of judges and announced on March 28. For more information on Rusty and all the other finalists from other states, read the REALTOR® Mag story.
- 5 things a home owner should do when moving into a home
- March 11, 2016
Before a home owner gets settled in, there are 5 things to do immediately to the home, according to Bankrate.
1. Change the locks. Who knows how many people have keys to the home. But it’s recommended you don't just re-key the locks. Go ahead and replace the hardware, too. You get a nice update and peace of mind. Read More
- Special election results for Kentucky
- March 9, 2016
Democrats won three of four House seats up for grabs in Tuesday’s special election, increasing their majority status in the House chamber by one for the rest of the 2016 General Assembly, including the all-important process of writing the next state budget.
The House will have 53 Democrats and 47 Republicans through the fall elections. It is the final state legislative chamber in the South to remain in Democratic control, and it is the last bastion of Democratic Party power in Kentucky, which otherwise has been trending Republican in state and federal elections.
Democrats won elections in Western Kentucky’s 8th District (Jeffrey R. Taylor of Hopkinsville), Central Kentucky’s 62nd District (Chuck Tackett of Georgetown) and northeastern Kentucky’s 98th District (Lew Nicholls of Greenup). The sole Republican won race in Central Kentucky’s 54th District (Daniel B. Elliott of Danville). Read More
- Kentucky's annual unemployment rate was lowest since 2007
- March 8, 2016
Kentucky’s annual unemployment rate fell to 5.4 percent in 2015 from 6.5 percent in 2014, while nonfarm employment gained 27,700 jobs, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet.
It was the lowest annual jobless rate for the state since 2007 when it was also 5.4 percent.
“At 5.4 percent, Kentucky’s unemployment rate has reached the pre-recession low last seen in 2007,” said economist Manoj Shanker of OET. “The job market hit a historical high in 2015 with nonfarm employment rising to almost 1.9 million.
“In spite of these gains, there is undoubtedly room for improvement,” he added. “Kentucky has a low labor force participation rate, which at 53.7 percent, ranks us at 47th in the nation.” Read More