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LEXINGTON, Ky. — Safety, space and a more simple way of life: The search for these during the COVID-19 pandemic, in addition to some other factors, have created a boom in the eastern Kentucky real estate market that has had both positive and negative consequences.
What You Need To Know
Pandemic restrictions have people wanting more space and outdoor recreation
Eastern Kentucky housing market is booming
Ability to work remotely has contributed to appeal
Supply-and-demand have housing prices increasing and availability dwindling
“It’s a great thing because people are moving into the area, and more people is always good for the economy here,” said Shirley Blackburn, owner and principal broker of AAA Real Estate Services Inc. in Pikeville, which serves a 13-county area in eastern Kentucky. “It can also be a negative because home prices have gone up and availability is scarce.”