By DON FENLEY TRI-CITIES, Tenn. – The typical Tri-Cities family has an average household income of $66,773, according to the Census. That is about 6% less than what the typical U… Read More

By DON FENLEY GRAY, TN – Pending sales took a breather last month after reaching a nine-month high in April. Sellers accepted 12 more contracts than the previous month and plateaued wi… Read More

By DON FENLEY GRAY, Tenn. – Cash continues to account for one-in-three local existing home sales that were listed on the local Multiple Listing Service. That’s down from the… Read More

By DON FENLEY GRAY, Tenn. – May was another month of pause for local commercial real estate transactions. The FED eased some economic uncertainty with its pass on what would have been… Read More

By DON FENLEY TRI-CITIES, Tenn. – The local housing market didn’t have the most single-family existing home sales in the East TN metro markets in May, but its growth rate was bet… Read More

By DON FENLEY GRAY. Tenn. – NE TN – SW VA housing market lumbered into the height of the prime home buying and selling season in May. There were more sales than during April. But… Read More

By DON FENLEY GRAY, Tenn. – During a time when demand for single-family rentals has outstripped supply, it seems counterintuitive that owners would dump their rentals. But according to… Read More

By DON FENLEY TRI-CITIES, Tenn. – Waiting lists may on the decline in the Appalachian Highlands apartment market, and some complexes are offering move-in incentives. But demand remains… Read More

By DON FENLEY TRI-CITIES, Tenn. – Employment rose to a four-year high in the two local metro areas in April and the unemployment rate dropped to a record low of 2.7%. At the same time… Read More

By DON FENLEY TRI-CITIES, TENN. – The number of single-family rental properties in the Appalachian Highlands area continues shrinking while the vacancy rate remains just under 3%… Read More

If you pay your Memorial Day respects at a cemetery – especially a military cemetery – you can still find signs of an ancient military custom. When you see a coin on a veteran&rs&hell…Read More

By DON FENLEY TRI-CITIES, Tenn. – The regional vacant land sales market has been sluggish so far this year. But the Northeast Tennessee Association of Realtors (NETAR) market tracker s… Read More

By DON FENLEY TRI-CITIES, Tenn. – 2023 is proving itself to be a complicated year for the local new home market. Low consumer confidence, expensive housing costs, a potential recession… Read More

By DON FENLEY TRI-CITIES, Tenn. – Sullivan Co. kept the dubious distinction of having the least affordable housing in the Appalachian Highlands in the current version of Atlanta Federa… Read More

By DON FENLEY TRI-CITIES, Tenn. – Everyone knows Johnson City is the region’s top housing market. That’s a fact. But last month its 82 sales were second place to the 9… Read More

By DON FENLEY GRAY, TN – April’s pending sales increased as the market slogged into the prime home buying and selling season. Last month they stood at an eight-month high after s… Read More

By DON FENLEY TRI-CITIES, Tenn.  – Despite a transactions slump, concerns over bank reactions to stress from a spat of bank failures, and inflation fears the local commercial real… Read More

By DON FENLEY TRI-CITIES, Tenn – Despite some common public opinion, affordable housing is not another name for government assistance.  The two primary formulas to gauge affordabi… Read More

By DON FENLEY TRI-CITIES, Tenn. – An equity check on mortgages shows high marks for the health of the Tri-Cities area housing market. Compared to last year, it shows homeowners ar… Read More

By DON FENLEY TRI-CITIES, Tenn. – The Greeneville metro area is the current regional affordable housing market hot sport. That, and its status of having the best 12-month market share… Read More

By DON FENLEY       TRI-CITIES, Tenn. –  There’s good news and not-so-good news about the region’s labor market. So far this year, it&rsq&hell…Read More

By DON FENLEY TRI-CITIES, Tenn. – Homeowners like fast, uncomplicated closings. Frequently they believe deals with buyers using a VA loan are risker and a pain in the process.  Ac… Read More

By DON FENLEY TRI-CITIES, Tenn.  –  The Appalachian Highlands long-term housing tracker was up for the second straight 12-month period ending in mid-April. It’s signali… Read More

By DON FENLEY TRI-CITIES, Tenn – Anecdotes about cash-flush, out-of-town buyers snapping up local homes are so common some think they are the norm and one of the reasons local hom… Read More

By DON FENLEY TRI-CITIES, Tenn. – The health of the region’s mortgaged properties is sending mixed signals just like the home sales and price data. First quarter foreclosure acti… Read More

By DON FENLEY GRAY, TN – Pending sales offered its version of mixed NE TN – SW VA housing market signals in March. The number of accepted contracts increased. That’s what y… Read More

By DON FENLEY GRAY, TN – Commercial Real Estate transactions were treading water on the two local commercial databases in March. Last month’s total lagged March last year by 32 p… Read More

By DON FENLEY TRI-CITIES, Tenn. – March’s condo-townhome sales burst onto the spring market with a 36 percent price increase and sales that doubled from the previous month. Last… Read More

By DON FENLEY TRI-CITIES, Tenn. – Property taxes levied on Tri-Cities area single-family homes were up 9.1% in 2022. That’s better than double the 3.6% U.S. increases. Hold on. D… Read More

By DON FENLEY Data show where the housing market is, but the pundits and economists are deep into competing outlooks about where it’s going. Here’s a capsule of the latest with l… Read More

By DON FENLEY TRI-CITIES, Tenn. –  Inventory is making snail’s pace increases in NE Tenn. and it’s giving the new home market an advantage to be more competitive with… Read More

By DON FENLEY TRI-CITIES, Tenn. – Washington County’s housing affordability index improved during the first three months of this year while Sullivan County lost ground. While man… Read More

By DON FENLEY TRI-CITIES, Tenn. – New homes are a critical part of bringing the NE Tenn. housing market’s inventory back to balanced conditions. That’s important because wh… Read More

By DON FENLEY After 13 monthly declines, the Appalachian Highlands long-range housing tracker turned positive in March. The TCI tracker also affirms a dramatic growth of the region’s M… Read More

By DON FENLEY Buyers have backed off cash sales so far this year. In January, they accounted for 28.9 percent of all sales. They picked up to 31.6 percent in February. Last year, the average… Read More

Commercial real estate (CRE) is a part of everyday life for individuals, businesses, and even cities. For individuals, commercial real estate touches everything from where they work and shop… Read More

By DON FENLEY TRI-CITIES, TENN. – NE Tennessee’s multi-family housing sector has equaled and, in some cases, exceeded demand in the single-family market. Some research by the Wal… Read More

By DON FENLEY GRAY, TN – Pending homes sales make their second straight double-digit increase in February and there was a significant decrease in the time properties spend on the marke… Read More

By DON FENLEY  GRAY, TN – February was the second straight month commercial transactions have been stagnant when compared to last year. But there’s background activity that… Read More

By DON FENLEY GRAY, TN – The Tri-Cities housing market began shrugging off its winter doldrums in February, according to the Northeast Tennessee Association of Realtors (NETAR). The as… Read More

 BY DON FENLEY TRI-CITIES, TN – The local housing market is in tip-toeing into what’s beginning to look like a softer prime home buying and selling season with a tainted aff… Read More

By DON FENLEY TRI-CITIES, TN – Mortgage loans declined by almost one-half during the last three months of 2022. The loan origination report came during the same week that the Atlanta F… Read More

By DON FENLEY TRI-CITIES, TN – Home sales eased for the 13th straight month on the long-range monthly 12-month rolling average. The sales softening began in the 12 months ending in mid… Read More

By DON FENLEY   GRAY, TN – Have you ever heard the saying, “you can’t sell out of an empty wagon?” It’s a reality local real estate professionals have stru… Read More

By DON FENLEY TRI-CITIES, TN – Build to rent single-family community is not a new concept in the Tri-Cities, but it is gaining additional popularity. Several local builders and in… Read More

By DON FENLEY    GRAY, TN –  Punxsutawney Phil and the housing market are at odds. The nation’s premier four-legged weather predictor says another six weeks… Read More

By DON FENLEY   GRAY, TN – Commercial Realtors are busy – some busier than last year – while transactions in the Tri-Cities area got off to a slow 2023 start. Tha… Read More

 By DON FENLEY Want to keep your fingers on two metrics that show where inventory is headed? A daily Multiple Listing service check does the trick. But it is monotonous. And since inven… Read More

By DON FENLEY Conventional wisdom holds that when inflation is high, people are less mobile. And according to the most recent U-Haul relocation analysis, the Tri-Cities are no longer Tenness… Read More

By DON FENLEY Tri-Cities home sales tumbled to a four-year low in January, but the slow monthly price declines have barely moved the needle off the record high. Jan Stapleton, the Northeast… Read More

By DON FENLEY TRI-CITIES, Tenn. – Home builders at a national conference this week had a pessimistic outlook for the new home market. But not local builders. In fact, there’s a n… Read More

By DON FENLEY TRI-CITIES, Tenn. – Move over unemployment rate. There’s a new job metric in town. The labor force participation rate (LFPR) is elbowing out some of the attention t… Read More

By DON FENLEY Don’t expect much egg price relief until later this year. After skyrocketing in 2022, prices for household staples – especially eggs – are expected to continu… Read More

By DON FENLEY TRI-CITIES, Tenn. – Tri-Cities area vacant land sales declined last year, according to the Northeast Tennessee Association of Realtors (NETAR). It was a relatively s… Read More

By DON FENLEY TRI-CITIES, Tenn. – The local job creation machine may have run out of gas during the last quarter, but last year was the region’s best non-farm job performance in… Read More

By DON FENLEY TRI-CITIES, Tenn. – Despite the local buzz, and “we buy houses” signs local institutional investor sales were down last year. According to ATTOM Data Sol… Read More

By DON FENLEY      TRI-CITIES, Tenn. – Predictions about real estate are often fruitless. The truth of the matter is all we can do is observe and report. And r… Read More

By DON FENLEY TRI-CITIES, Tenn. – Location, location, location is still dominant in real estate jargon. But inventory, inventory, inventory is right up there with it. Tri-Cities home s… Read More

By DON FENLEY TRI-CITIES, Tenn. – Tri-Cities area pending sales fell to a five-year low in December. Sellers accepted 421 new contracts, down 184 from November and 236 fewer than in De… Read More

By DON FENLEY TRI-CITIES, Tenn. –  Existing home sales declined for the first time in a decade last year. But the living large in the Tri trend still has legs, according to the No… Read More

By DON FENLEY Tri-Cities, Tenn – Foreclosures almost doubled in 2022. It was to be expected, and in a way, it’s good news. It’s also one of the housing market exceptions wh… Read More

GRAY, Tenn. – Last year was the year for multi-family sales in the Tri-Cities area. They replaced the office sector as the top area commercial real estate performer, according to the N… Read More

By DON FENLEY GRAY, Tenn. – There was a time when real estate market watchers could keep tabs on the time a home spent on the market before selling and the monthly pending sales report… Read More

Home sales and prices in the Tri-Cities moved in opposite directions in 2022. https://bit.ly/3VQPv1Z Sales declined for the first time in a decade while prices posted their third straight ye… Read More

By DON FENLEY GRAY, Tenn. – December’s Tri-Cities housing market report benchmarks the continued transition of the local market. And getting to a new normal is going to be a head… Read More

The Tri-Cities wasn’t the top U-Haul destination in Tennessee last year, but it remains among the “notable net-gain” markets. Tennessee’s top growth city is Nashville… Read More

The beginning of a New Year is an appropriate time to say thanks to loyal readers and those who take the time to sit down and help add context to CoreData’s data-driven stories. And a… Read More

By DON FENLEY TRI-CITIES, Tenn. – Washington Co. got a lump of coal in its Christmas housing affordability stocking. It dropped further into the “not affordable” category i… Read More

By DON FENLEY By historical standards, 2022 was a standout year for the Tri-Cities housing market and economy. The shock of mortgage rates doubling helped drive existing home sales from unsu… Read More

By DON FENLEY TRI-CITIES, Tenn. – Employers added 100 jobs in November, many of them in sectors hardest hit during the pandemic. So far this year, the Tri-Cities area economy has been… Read More

By DON FENLEY GRAY, Tenn. – Tri-City’s housing market is sliding into the last month of the year with fewer pending sales and fewer affordable homes for sale. Affordability has b… Read More

By DON FENLEY GRAY, TENN. – Tri-Cities vacant land sales are looking a lot like a real estate market in a typical seasonal pattern. It’s not that much different from other market… Read More

By DON FENLEY TRI-CITIES, Tenn. –  A new county-level economic report from the Bureau of Economic Analysis (BEA) affirms what other reports have been showing. Washington County&rs&hell…Read More

By DON FENLEY GRAY, Tenn. – It’s always interesting to compare the region’s high-end housing to the rest of the market’s performance. November wasn’t an excepti… Read More

A good example of how much single-family existing home sales prices range among the Tri-Cities city and community markets from www.netar.us The chart is ranked by November’s median sal… Read More

By DON FENLEY GRAY, Tenn. – The Tri-Cities housing market is in an anxious state of equilibrium as it trudges through the last two months of the year, according to the Northeast Tennes… Read More

By DON FENLEY GRAY, Tenn. – Local condo sales are slowing the same way single-family sales are slowing. And, just like their single-family cousins, condo prices have increased. During… Read More

By DON FENLEY TRI-CITIES, Tenn. – Opinions vary about whether the 2023 Tri-Cities housing market will be up, down, or sideways. Anyway you look at it, next year will be a challenge for… Read More

By DON FENLEY GRAY, Tenn. – The housing market slowdown the media has been trumpeting for months is here, according to the Northeast Tennessee Association of Realtors (NETAR). Tri-Citi… Read More

By DON FENLEY TRI-CITIES, Tenn. – Double-digit downturns in refinance and purchase loans drove a decline in residential leading that far outweighed an increase in home-equity lines of… Read More

By DON FENLEY TRI-CITIES, Tenn. – Real estate loans posted their biggest quarterly decline in 18 years during the third quarter. They now lag the previous quarter by 16.9% and are 42.1… Read More

By DON FENLEY GRAY, Tenn. – Area pending home sales declined for the sixth straight month in October. While that’s a sure sign that the FED’s effort to slow the housing mar… Read More

By DON FENLEY GRAY, Tenn. – Buyers are regaining some bargaining power as the local housing market continues slowly readjusting. And although sellers are not reducing their original li… Read More

By DON FENLEY TRI-CITIES, Tenn. – The ranks of Tri-Cities veterans have thinned since the days before the pandemic. They made up almost 10% of the population in 2019. The latest count… Read More

By DON FENLEY GRAY, Tenn. – Spiraling mortgage rates continued squeezing Tri-Cities area home sales last month. Closings declined for the eighth straight month in October while prices… Read More

By DON FENLEY The undisputed highest concentration of single-family rentals in the Tri-Cities region is in Bristol, Va.’s 24201 zip code. Current data list 4,550 rentals. That’s… Read More

By DON FENLEY TRI-CITIES, Tenn. – Here’s some positive news to balance some of the gloom and doom housing reports dominating the mass media. A little more than one-half of all th… Read More

By DON FENLEY TRI-CITIES, Tenn. – The local labor market is losing some momentum. But it’s so slight it hasn’t caused a ripple in the local economy. Employers added 700 sea… Read More

By DON FENLEY TRI-CITIES, Tenn. – Investors perked up third-quarter Tri-Cities cash home sales, according to ATTOM Data Solutions. At the same time, buyers who have retreated took a bi… Read More

By DON FENLEY     KINGSPORT, Tenn. – Now is an iffy time to pull out the crystal ball for home sales predictions. Month-to-month data comparisons are about as usefu… Read More

By DON FENLEY GRAY, Tenn. – Cash sales are the gold standard and fertile ground for local real estate urban legends.   The most frequently cited antidote involves cash-rich… Read More

 By DON FENLEY KINGSPORT-BRISTOL, Tenn. – The pandemic home sale profit party isn’t over for Kingsport-Bristol home sellers yet. But the music is slowing down. ATTOM Data So… Read More

  By DON FENLEY GRAY, Tenn. – The local housing market looks a lot like the changing season. Home sales are falling like colorful leaves. So far, it’s been a gradual process… Read More

By DON FENLEY GRAY, Tenn. – One of the biggest threats to the Tri-Cities housing market is not higher mortgage rates or inflation. It’s affordability, according to the Northeast… Read More

By DON FENLEY GRAY, Tenn. – Tri-Cities commercial real estate’s September report has a familiar look. The market is outperforming the first nine months of last year while monthly… Read More

By DON FENLEY GRAY, Tenn. – We’re 10 months into the year and there is no doubt the local housing market has reached an inflection point. A slow transition to a less hectic, more… Read More

By DON FENLEY GRAY, Tenn. – Later this week, we’ll get our first look at NETAR’s Home Sales Report, which shows how the housing market is reacting to the fall season, highe… Read More

By DON FENLEY TRI-CITIES, Tenn. – Demographics is a significant factor in growing the economy. Early signs show the local population is restructuring with higher household incomes and… Read More

By DON FENLEY TRI-CITIES, Tenn. – After outperforming the other Tri-Cities area housing markets all year, Greeneville has turned downward on the region’s only long-term sales tre… Read More

By DON FENLEY JOHNSON CITY, Tenn. – An average of 1.3 out-of-state residents moved to Johnson City every day during the first eight months of this year. Most (193) who got a BrightRidg… Read More