Archive for July 2020
It’s a great time to be a seller, but…
By KRISTI BAILEY It’s a fabulous time to be a seller. Interest rates have never been lower. That balances some of the price increases because lower mortgage rates mean a…
Read MoreJune NE Tenn. pending home sales stay on a hot market pace
New pending sales increased in June. It was a small increase from May’s total, but it was a clear signal the market is not cooling off. There were 889 new…
Read MoreA home buyer tool kit for today’s hot housing market
By KRISTI BAILEY The housing market pivot from the brief coronavirus sales lull arrived with a bang in June. It was the best single month for closings, and the average…
Read MoreNE Tenn. June home sales, average price sets new records
Northeast Tennessee home sales roared back into record territory in June. Closings on residential resales were 40.9% better than May and up 9.9% from June last year. The average sales…
Read MorePrice per sq. ft. is tricky home value territory
By KRISTI BAILEY There is no arguing that navigating today’s real estate market is complicated. So, it’s easy to see why buyers and sellers are always looking for solutions that…
Read MoreMid-year Tri-Cities commercial real estate transactions down 22.5%
Unlike its residential cousin, commercial real estate (CRE) isn’t seeing an early and robust rebound from the initial economic Covid-19 pandemic shock. Total transactions for the first half of this…
Read MoreThe smart money favors buying instead of renting – even in the current market
By KRISTI BAILEY Have you ever heard someone say they rent because they don’t want to be saddled with a mortgage in these uncertain economic times? Step back and think…
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