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Archive for August 2020

July was the strongest month for pending sales in 5 years

By Kristi Bailey, President | August 30, 2020

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…

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July pending home sales set new area high point

By Don Fenley | August 26, 2020

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…

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How has record low inventory affected housing affordability

By Kristi Bailey, President | August 23, 2020

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,…

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What’s the biggest threat to your home?

By Kristi Bailey, President | August 16, 2020

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…

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NE Tenn. home sales continue robust pace in July

By Don Fenley | August 14, 2020

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…

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Tri-Cities area commercial real estate market perks up in July

By Don Fenley | August 11, 2020

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…

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Would you make an offer without seeing the home? It’s happening

By Kristi Bailey, President | August 9, 2020

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…

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COVID-19 added to what buyers want in a new home

By Kristi Bailey, President | August 2, 2020

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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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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