Archive for August 2020
July was the strongest month for pending sales in 5 years
By KRISTI BAILEY Low-interest rates and high consumer demand sent Northeast Tennessee home sales soaring in June and July, and a forward-looking indicator says it is not over yet. July…
Read MoreJuly pending home sales set new area high point
New pending sales set another high point for the NE Tennessee housing market in July. There were 980 new contracts (pending sales) at the end of the month – up…
Read MoreHow has record low inventory affected housing affordability
By KRISTI BAILEY “The only thing holding back the local housing market is inventory.” Sound familiar? The issue crept into housing market reports about two years ago. Back in 2016,…
Read MoreWhat’s the biggest threat to your home?
By KRISTI BAILEY Last weeks tremors from the earthquake centered in North Carolina got me thinking about things that threaten our homes. With earthquakes happening only a couple time a…
Read MoreNE Tenn. home sales continue robust pace in July
Northeast Tennessee home sales increased 11% in July, and the average sales price was up 7.5%. There were 818 resale closings in July, 81 more than July last year. The…
Read MoreTri-Cities area commercial real estate market perks up in July
Tri-Cities commercial real estate (CRE) began looking a little more like the residential market in July. Transactions increased. Listing sank to a seven-month low. And consumer activity increased. But when…
Read MoreWould you make an offer without seeing the home? It’s happening
By KRISTI BAILEY Five months ago, getting a sign-unseen offer for an existing home listing was a rarity. So were buyers waiving contingencies to sweeten their offers. And what about…
Read MoreCOVID-19 added to what buyers want in a new home
By KRISTI BAILEY There’s no such thing as the lazy, hazy days of summer in real estate. At least not this year, thanks to COVID-19. Shelter-at-home curbed the traditional spring…
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