By DON FENLEY Homes sold in September saw the largest yearly price increase so far this year. At the same time, sellers made the largest list price reductions of the year, and of the homes t… Read More

By DON FENLEY August’s top home sale was a $2.2 million Washington Co. lake house. The home features the amenities you would expect. There are four guest bedrooms and bath… Read More

By DON FENLEY New construction home sales in the area monitor by the Northeast Tennessee Association of Realtors (NETAR) were up 28.6% in August. And the size of those homes continued its do… Read More

By DON FENLEY Properties with foreclosure files in the Tri-Cities region were down 14.6% in July. That contrasts what happening nationwide. New filings were up 0.2% nationwide, according to… Read More

By DON FENLEY Buyers have more choice and better bargaining positions as the local home sales tend slouches toward a pre-pandemic level. That’s because slower sales are allowing faster… Read More

By DON FENLEY New homes sold during the first half of this year were up by 41%, and the sales price was down 3.7% from last year. At the end of June 383 new construction homes sold in the pr… Read More

By DON FENLEY TRI-CITIES, Tenn. – The local economy added 600 jobs in June, but last month’s mid-year adjusted total is down 1,100 from last year. The rate of new job creation ha… Read More

By DON FENLEY A $4.2 million cash sale in Butler’s Horseshoe Cove was the region’s 36th $1 million plus sale in June. It also tops the luxury home sales category so far this year… Read More

By DON FENLEY This year’s prime home buying and selling season left sales across the region a little better than last year and sellers with slightly higher prices. But it was far from… Read More

June was a perfect storm of sorts for Tri-Cities area home sales. They posted their biggest loss so far this year. They were down a little better than 20% from May and down 20.4% from June l… Read More

By DON FENLEY Traveling nurses were a staple for many local short-term landlords, but that market has softened dramatically according to hospital officials. Rebecca Beck, Holston Valley CEO… Read More

BY MICHELLE DAVIS  June temperatures were hot – home sales were not. They were 22.8% off May’s pace and 20% behind this time last year. Prices also declined just enough to f… Read More

By DON FENLEY       Tri-Cities foreclosure activity declined during the first half of 2024 as it did across the nation. There were 168 new local filings –… Read More

By DON FENLEY June was not a very good month for single-family detached home sales, but the same was not the case for mobile homes. There were 44 sales, and the median sales price was $195,0… Read More

By DON FENLEY Annualized home sales have been slowly building momentum for six months, according to the TCI Group’s Appalachian Home Sales Tracker. It’s moving toward sales assum… Read More

By DON FENLEY The Tri-Cities region has done well in the townhome build-to-rent surge. A recent example was cited in a post from the TCI Group’s Affiliate Broker Ryan Ketron. He report… Read More

By DON FENLEY A $2.1 million Johnson City sale topped April’s top of the market list. The five bedrooms, five bath Park Place Community home has all the style, and extras that hallmark… Read More

By MICHELLE DAVIS   Most focus on who’s buying homes is on newcomers, and the just-released Census population estimates affirm that more are on the way. There might not be q… Read More

By DON FENLEY The townhome-condo housing market segment was the property type with the largest gains in April. Prices were up 13.3% with the $150K-$250K price range selling the quickest as f… Read More

By MICHELLE DAVIS   Real estate professionals and the media talk a lot about balance, but to get a good handle on it, look beyond the most cited metric – months of inventory… Read More

By DON FENLEY The Tri-Cities area housing market continues a slow, steady gain as it moves into the second quarter. The Pending Sales Index, which benchmark to a pre-pandemic level, is up 8… Read More

By DON FENLEY Although housing affordability and accessibility remains challenging, the first quarter equity status of outstanding mortgages testify to wealth production in today’s loc… Read More

By DON FENLEY There were 1,440 active listings in the Tri-Cities region in April. That’s a 7% improvement over April 2023 and 47% better than it was when invitatory bottomed out in 202… Read More

Mortgage rates are up for the fifth straight week. On average, more than half of local home sales for the entire year occur between March and July. With what’s left of this historicall… Read More

By DON FENLEY The peak home buying and selling season has arrived and although local sales and prices are performing pretty much as expected, almost all other outlooks have fallen by the way… Read More

BY DON FENLEY There was a subtle, but noteworthy, change in the Census Bureau’s latest local population estimates. It wasn’t so much about the Tri-Cities region’s growth ra… Read More

By DON FENLEY Kingsport-Bristol is now again ranked in the top 10 emerging housing markets in the United States. It’s the second time that’s happened, but this time there’s… Read More

By DON FENLEY Pending sales jumped 15.1% in March on a 113.3% increases in the number of new contracts in the top bracket of the move-up market.   Although demand – as monitored b… Read More

By DON FENLEY TRI-CITIES, Tenn. – There were 88 area mortgaged properties with new foreclosure filings during the first three months of this year. That was an increase of four from the… Read More

By DON FENLEY TRI-CITIES – Local housing affordability has made its best gains in a year on the Atlanta Federal Reserve Bank’s Homeownership Tracker. The monitor is a little diff… Read More

By DON FENLEY Home prices in East Tennessee and both Tri-Cities metro areas were rated as overvalued in the latest study of the 403 largest markets tracked by Moody’s Analytics. Kingsp… Read More

By DON FENLEY Unlike the existing home market that’s slogging into prime season with a 17% sales increase, new construction sales are booming. So far this year sales are double what th… Read More

By DON FENLEY It’s official. Spring in here, and pending home sales are perking up from January’s lackluster performance. They’re not the only thing looking up in a market… Read More

By DON FENLEY TRI-CITIERS, Tenn. – Although there probably won’t be a big dip in mortgage rates for the prime home buying and selling season, the season is taking shape with guar… Read More

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By DON FENLEY TRI-CITIES, Tenn. – Continued population growth is what was expected and delivered by the Census population projection this week. All eight regional counties gained popul… Read More

By DON FENLEY TRI-CITIES, Tenn – Although new foreclosure filings are creeping higher, they remain below the region’s historic levels because of equity gains from the post-pandem… Read More

By DON FENLEY TRI-CITIES – Tenn. – There were two $1 million plus sales last month. Both were more about the land than the homes. At the same time, overall luxury home market mad… Read More

By DON FENLEY It’s accepted knowledge that the Tri-Cities region is a good place to live and invest in a home. Equally important, but with less media hoopla, is how little risk the reg… Read More

By DON FENLEY The local housing market is perking up after January’s lackluster start. Overall prices are running $107,600 above the pre-pandemic median price, but the price growth rat… Read More

By DON FENLEY It’s beginning to look like Tri-Cities area existing home sales have broken a 26-month annualized sales slump. Annualized monthly sales increased for the third straight m… Read More

By DON FENLEY The regions’ million-dollar home sales club kicked off 2024 with four sales. It would have been six, but two dropped below the $1 million mark when owners reduced their a… Read More

WASHINGTON – More than 85% of metro markets (189 out of 221) registered home price increases in the fourth quarter of 2023 as the 30-year fixed mortgage rate dropped from 7.79% to 6.61… Read More

By DON FENLEY Housing analysts expect 10,408 Tri-Cities area residents will return to the market if mortgage rates settle at 6.5% in 2024. The two included charts from the National Associati… Read More

BY DON FENLEY TRI-CITIES, TN – Investors are getting more raw profit, but the number of single-family and condo home flips is mirroring the dynamic seen in the existing housing market… Read More

By DON FENLEY TRI-CITIES, TN – Pending sales were up 8% from Nov. last year following a 1% increase in Oct. The Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index… Read More

By DON FENLEY TRI-CITIES, TN – Condos barely held onto a sales upswing in November while prices continued falling from their September peak. According to the Northeast Tennessee Associ… Read More

By DON FENLEY TRI-CITIES, Tenn. – Sullivan and Washington counties rank among the least vulnerable to housing market declines in Tennessee and the nation. The rating from ATTOM, a lead… Read More

By DON FENLEY TRI-CITIES, Tenn. – The top of November’s luxury existing home market was a $3.6 million cash sale in Johnson Co. Seven other million-dollar closings nudged the yea… Read More

By DON FENLEY The downward arch of area home sales eased in November while prices declined for the second straight month. There were 600 closing in the Northeast Tennessee Association of Rea… Read More

By DON FENLEY Once upon a time, cash sales accounted for half – or more – of the Tri-Cities area single-family existing home sales. Despite the “once upon a time” int… Read More

By DON FENLEY TRI-CITIES, NE Tenn.-SW Va. – The regional existing single-family housing market is flattening out, according to November’s TCI Group’s Appalachian Highland H… Read More

By DON FENLEY TRI-CITIES, Tenn. –  The local labor market shed 300 seasonally adjusted jobs last month. It was the first time this year the monthly job creation growth rate declin… Read More

By DON FENLEY TRI-CITIES, Tenn. – October was a month for small gains in the local housing market everywhere except the luxury market where pending sales doubled. New listings in… Read More

By DON FENLEY TRI-CITIES, Tenn. – State sales tax collections are up from last year, but the growth rate has plunged from 15% in February to 0.2% in May. So far this year, non-adjusted… Read More

By DON FENLEY TRI-CITIES, Tenn.– Housing flip sales were up significantly in Hawkins and Sullivan counties during the first three months of this year. Flips were flat in Washington Co… Read More

By DON FENLEY GRAY – The 2023 Housing Market Restructuring continued in April with fewer local home sales and prices inching higher.     “The market is performing… Read More

By DON FENLEY Flipped homes are an important part of the local housing market. They account for about 10% of existing home sales and half of them are always in the affordable and work-force… Read More

By DON FENLEY TRI-CITIES, Tenn. – Investors flipped a record number of homes last year in this inventory-starved market. According to ATTOM, a property data provider, there were 749 fl… Read More

By DON FENLEY GRAY, TN – While the Northeast Tennessee region has seen a slight improvement in active housing inventory, the months of inventory metric is stubbornly stuck in the 1.6 t… Read More

BY DON FENLEY GRAY, Tenn. – The Northeast Tennessee Association of Realtors (NETAR) has served up a benchmarking look back at how the local counties’ real estate industry’s… Read More

By DON FENLEY GRAY, Tenn. – Rapid mortgage rate increases are nudging Tri-Cities’ short-term home prices lower, according to the Northeast Tennessee Association of Realtors (NETA… Read More

By DON FENLEY TRI-CITIES, Tenn. – Home affordability is just out of reach or out of reach in Sullivan and Washington counties, according to ATTOM Data solution’s third quart… Read More

By DON FENLEY GRAY, Tenn. – Inventory will be the key metric for market stabilization in the coming months, according to the Northeast Tennessee Association of Realtors (NETAR). So far… Read More

Washington and Sullivan are among the U.S. counties least vulnerable to housing market declines, according to a Special Housing Risk report from Attom Data Solutions. Based on home affordabi… Read More

Local home sales may be slowing, but not prices. They hit new highs last month. The typical home sales price was up $40,100 from May last year, according to the Northeast Tennessee Associati… Read More

Relocation buyers have and will continue to fundamentally change the local housing market landscape for the foreseeable future. So far, the most noticeable effect has been a concentration of… Read More

The Tri-Cities used to have limited recognition as a place for affordable housing in a low cost-of-living area that was a good place to invest in a home and live. That’s not the case a… Read More

A flurry of labor market reports this month will provide a little better understanding of just where the Tri-Cities’ economic recovery stands. So far, a red-hot housing market and cons… Read More

The Tri-Cities area housing market lurched into 2022 with a record-low inventory and sales that looked a lot like they did in the final months of 2021. During the 12 months ending on Jan. 10… Read More

Tri-Cities commercial real estate had one of its best-ever months in August. There were 64 commercial leases and sales, up 82.9 percent from last year. It’s also notewor… Read More

Cash may be king in the home buying market, but in the mortgage world refinancing is like the Energizer Bunny. It just keeps on going and going. Refinances accounted for 58.9% of all the loa… Read More

There’s concern among some real estate professionals that multiple offers and bidding buyers are tempting sellers to overprice their properties. One predictable result is deals that wo… Read More

“The home-loan industry got even busier in the third quarter of 2020, with the housing market still operating as if the recession brought on by the pandemic didn’t exist. Buyers… Read More

The percentage of Tri-Cities cash sales were down during the first three months of this year and the sales of FHA sales were up. At the same time institutional investors have all but abandon… Read More

You can file this one under trend potential. Much of the commercial real estate market is in dark times – especially retail and restaurants – and that’s pushing struggling… Read More

The Tri-Cities spring buying and selling season was off to a pretty good start in mid-April, but the effects of the coronavirus pandemic are beginning to show up.  There were 900 more r… Read More

At year’s end, the Tri-Cities had the best year-over-year growth rate of new high-end home building permits among the neighboring regions of Chattanooga, Knoxville, and Asheville. Perm… Read More

Tri-Cities area foreclosure filings posted a 21.5% increase in January when compared to January last year, according to Attom Data Solutions’ Foreclosure Report. There was a total of 1… Read More

While the share of all-cash home sales was down last year in the Tri-Cities it doesn’t mean cash still isn’t a big player. Better than one of every three existing home sales in b… Read More

Local Commercial Realtors are more optimistic about the Tri-Cities market than some of the data supports. But some of that enthusiasm is based on momentum that won’t show up until Q4 r… Read More

Another information meeting on Opportunity Zones is scheduled at Meadowview Resort and Convention Center on Dec. 11. According to the Mastered in Tennessee website, there are currently four… Read More

Foreclosure activity in the six Northeast Tennessee counties included in a national analysis was down 30.7% from last year – almost double the decline nation-wide. There were 140 local… Read More

The Tri-Cities labor market added 2,500 nonfarm jobs in August. It was the beginning of a seasonal labor market rebound and the weakest August-July job performance it nine years. August is t… Read More

Some civic and government types looked a lot like deer caught in the headlights during ETSU’s session on regionalism earlier this month. Hearing the CEO of the region’s largest i… Read More

July was another lackluster month for Tri-Cities retail sales tax collection. Kingsport-Bristol collections have lagged the four-county area’s 2018 market share benchmark every month t… Read More

Permits for high-end homes were up by four during the first half of this year, and for the first time in three years, Sullivan County led other Tri-Cities counties. The Market Edge classes h… Read More

Sometimes real estate market cycles produce weird results. The first half of 2019 is a local example. Tri-Cities new home permits were only 2% better than the first half of last year. Normal… Read More

The Tri-Cities jobs market is plowing its way through seasonal slowdowns with a steady momentum toward making 2019 the year it officially recovers from the Great Recession. June, July, and A… Read More

About this time next month, we’ll get our first looks at the Census Bureau’s 2018 data. Unfolding of the 2018 1-year American Community Survey Reports and subsequent reports will… Read More

The number of Sullivan and Washington investor-owned single-family and townhome properties has declined for the third straight year, and the vacancy rate has increased. That gauge of the loc… Read More

Tri-Cities area properties with foreclosure filings dropped to a three-year low during the first half of 2019. Attom Data Solution’s Midyear U.S. Foreclosure Market Report shows 370 pr… Read More

The folks at Attom Data Solutions have added a new twist to “how what you home is near affects its value.” Think specialty food stores.  And in a rapidly aging population li… Read More

The Johnson City metro area had the third-best year-over-year sales tax collections in Tennessee in June while Kingsport-Bristol’s month-over-month collections were the best in the sta… Read More

During the first three months of this year, 115 homes were flipped the four local counties analyzed in Attom Data Solutions Q1 Home Flipping Report. The number of flips as a percent of total… Read More

The Tri-Cities new home construction sector slogged through some of the wettest weather on record during the fourth quarter of 2018, a softwood shortage during a trade spat with Canada, incr… Read More

House flippers are some of the unsung heroes of the local housing industry. Last year they accounted for just under 10% of the region’s home sales. And most of those homes were sold be… Read More

The Tri-Cities new residential permits report was slammed by a perfect storm of bad consequences during Q3 and the first nine months of this year. Labor and material costs were up, new codes… Read More

Last year was the best economy the Tri-Cities has seen in five years. It was the first year since 2012 when the seven-county area posted real economic growth from the previous year. With tha… Read More

Despite some soft spots in the overall economy, sales tax collections in the Kingsport-Bristol Metropolitan Statistical Area (MSA) continue outperforming other Northeast Tennessee markets. K… Read More