Commuting Time a Consideration in Housing

A person's commuting time is a growing consideration as people are focusing more on their quality of life. 

Lexington and Central Kentucky is in the middle of the pack for commute times.

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Lexington, Kentucky:  A Great Place to Retire
In the heart of Kentucky’s bluegrass country, Lexington offers horse culture, Kentucky Wildcats basketball, and plenty of specialists at Baptist Health Lexington.
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Fannie Mae Upgrades Economic Outlook
Breakneck headline growth in the second quarter disguised a detail largely responsible for the latest upward revision to our full-year growth forecast.
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Millennial-led Households are Missing
Affordability is the big issue, with the high costs of living, escalating rental rates and rising home prices — factors that impact people of all ages, but might seem especially daunting to younger generations with typically fewer resources and lower salaries.
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Strict Land Use = Higher Values
Home values in the most restrictive metropolitan areas grew an average of 23.4 percent, more than double the home value appreciation in the least restrictive metros (9.4 percent) and about one third faster than metros in the middle (17.9 percent). 
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Millennials have different views on Home Ownership
Contrary to reports that the recession left Millennials disillusioned about owning a home, 75 percent believe homeownership is an important long-term goal and 73 percent see real estate as a good investment. 
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Home Prices Rise/Time on Market Falls
The most recent Existing Home Sales data was just released by the National Association of Realtors and it showed a housing market that is still very strong.
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Lexington Is Voted Fourth Best Run City In America
Lexington, KY is Ranked one of the Best-Run Cities in America.  This is just another reason why you should choose Lexington as your forever home!
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Millennial's Define Wealth Differently
Owning a Home still is a big factor in Millennial's feeling "wealthy", but it is not the number one factor.
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Top Concerns for Millennial Buyers
According to a recent survey, the top concern among first-time millennial homebuyers was having enough money for a down payment, with 50 percent citing that response, followed by affording a home in their preferred location (45%) and rising home prices (41%).
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New Home Sales Jump
Sales of new single-family houses in May 2018 were at a seasonally adjusted annual rate of 689,000, according to estimates released jointly today by the U.S.Census Bureau and the Department of Housing and Urban Development.
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Home Builder Confidence High Despite Rising Costs
The June National Association of Home Builders/Wells Fargo Housing Market Index came in at a very strong reading of 66. The index stood at 66 last year in June 2017. A reading above 50 is considered positive sentiment.
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Home Flipping Rate Matches Six Year High
Inventory levels of homes for sale have been at or near all-time low's all year long.  So, it is great news that home "flipping" is going strong.
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Pending Home Sales Index Strong
The National Association of Realtors latest Pending Home Sales Index was just released and came in at a very strong 106.4.  According to the NAR, any reading above 100 is above historical norms.
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Home Prices Rise at Fastest Pace in 5 Years
The Case-Shiller Home Price Index was released today and it showed a year-over-year gain of 6.79% in their key 20 Metro City Composite Index, which is the fastest appreciation rate since 2014.
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