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The Saint Joseph Berea Foundation has been awarded a $14,000 grant from WHAS Crusade for Children to help support improvements to pediatric rehabilitation at Saint Joseph Berea. This funding will be used to purchase specialized sensory equipment and speech therapy items to help treat children with sensory processing, injury recovery and speech disorders, according to a press release.

The rehabilitation center is dedicated to providing comprehensive and specialized programs for children with sensory processing disorders, speech disorders and those in injury recovery. The funding from WHAS Crusade for Children will help practitioners provide specialized treatment for children with these medical issues, the release notes.

"With a comprehensive set of new resources and treatment options, Saint Joseph Berea is better equipped to properly diagnose patients with sensory disorders and other conditions, along with developing evidence-based treatment plans tailored to each child's needs," Leslie Buddeke Smart, CFRE, president, Saint Joseph Berea Foundation, said.

Home sales up 7%, biggest July on Record

Rising prices do not yet seem to be hampering home sales as the figure rebounded from a slight dip in June. According to a release, 5,471 homes were sold last month compared to 5,078 homes in July of 2018, a 7% increase. Year-to-date figures are also trending higher. So far in 2019, 30,863 homes have sold. This is up nearly 2% over 2018's July YTD figure of 30,344 and just 87 homes (.25%) below that of July 2017's number. Tthe highest year on record in Kentucky was 2017 with 2018 ending a close second.

Nationwide, existing-home sales rose 2.5% from June to a seasonally adjusted annual rate of 5.42 million in July. Overall sales are up 0.6% from a year ago (5.39 million in July 2018).

"Falling mortgage rates are improving housing affordability and nudging buyers into the market," said Lawrence Yun, NAR's chief economist. However, he added that the supply of affordable housing is severely low.

The median home price in Kentucky last month was up 8.5% over July of 2018 at $146,325. This is the third straight month of year-over-year increases and the largest jump of 2019.

July's days-on-market (DOM) figure stands at 97 days. The only other month when homes sold faster was last July when the statewide DOM figure reached the all-time low of 96. Contributing to this low number is the Northern Kentucky Association REALTORS® market. That area saw its lowest DOM month in July when homes went under contract, on average, in just 28 days.

Rip Phillips, President of Kentucky REALTORS, says that the strong economy is causing the demand for housing to persist.

"More Kentuckians than ever are wanting to buy homes right now", he said.

The inventory number for the state sits at under 4 months for the fifth consecutive month. July's figure of 3.21 is down 19% over the July 2018 figure of 3.82 months. Most economists believe a balanced housing market offers a 6-month inventory level.

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