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Archive for July 2020

It’s a great time to be a seller, but…

By Kristi Bailey, President | July 26, 2020

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…

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June NE Tenn. pending home sales stay on a hot market pace

By Don Fenley | July 20, 2020

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…

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A home buyer tool kit for today’s hot housing market

By Kristi Bailey, President | July 19, 2020

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…

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NE Tenn. June home sales, average price sets new records

By Don Fenley | July 13, 2020

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…

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Price per sq. ft. is tricky home value territory

By Kristi Bailey, President | July 12, 2020

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…

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Mid-year Tri-Cities commercial real estate transactions down 22.5%

By Don Fenley | July 7, 2020

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…

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The smart money favors buying instead of renting – even in the current market

By Kristi Bailey, President | July 4, 2020

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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Recent Posts

  • Vacant land sales decline
  • Sellers market vs. a home buyers strike
  • The slow train to more inventory 
  • VA loans backed Tri-Cities highest avg. home sales price last year 
  • Tri-Cities area pending home sales drop to 5-year low 

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