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Archive for December 2020

Looking for housing info – focus on local, local, local

By Kristi Bailey, President | December 26, 2020

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…

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Nov. pending home sales drop to 7-month low, still at robust level

By Don Fenley | December 23, 2020

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…

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How well have new FHA financing rules for condos worked?

By Kristi Bailey, President | December 20, 2020

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…

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2020 a year of rapid change, new housing market records

By Kristi Bailey, President | December 13, 2020

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…

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November commercial transactions up 21.4%

By Don Fenley | December 9, 2020

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…

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November home sales down, but it’s still a hot seller’s market

By Don Fenley | December 7, 2020

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…

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Remodeling is an approach to get what you need and want

By Kristi Bailey, President | December 6, 2020

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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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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