Archive for December 2020
Looking for housing info – focus on local, local, local
The current headlines about home sales and prices are eye-popping, though customers have become wary. Firstly, the data set in which we use to calculate statistics is not national; it…
Read MoreNov. pending home sales drop to 7-month low, still at robust level
The NE Tenn. – SW Va. housing market took a breather in November. Pending sales dropped to a seven-month low. But it wasn’t much of a slowdown. There were 860…
Read MoreHow well have new FHA financing rules for condos worked?
By KRISTI BAILEY New FHA financing rules for condominiums were put in place late last year to open ownership to more first-time buyers. It was a pre-pandemic decision when it…
Read More2020 a year of rapid change, new housing market records
By KRISTI BAILEY In a couple of weeks, we can close the books on the 2020 housing market. Sales and price appreciation are at an all-time high, according to November’s…
Read MoreNovember commercial transactions up 21.4%
Office, industrial, vacant land deals best CMLS performers The local commercial real estate market is slowly clawing itself out of the COVID-19 black hole. Recovery continues to be uneven, with…
Read MoreNovember home sales down, but it’s still a hot seller’s market
Sales were down slightly from October but up 22.7% from last year. The average resale price was $222,142, up 26.7 percent After an expected minimal seasonal slowdown, Northeast Tennessee and Southwest…
Read MoreRemodeling is an approach to get what you need and want
By KRISTI BAILEY Studies show that many buyers prefer a home 10 years old or less, but that may not always doable in today’s local market. According to the latest…
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