Archive for April 2021
Market Pulse – April 26
The overall NE Tenn. housing market is hot, hot, hot. But so far this year luxury homes are the hottest of the hot. They have outpaced the growth rate for affordable and mid-price range homes by far thanks to the…
Read MoreBuying is a better decision than renting
Increasing prices and an inventory crunch drive more discussions about the merits of renting over buying a home. Buying is both cheaper and a better wealth-building option. Here is why. Renting a three-bedroom home will average $1,040 out of a family…
Read MoreMarket Pulse – April 19
Three key housing market data points were in sync at the end of March. There were 991 homes in active inventory. At the same time, there were 983 pending sales…
Read MoreNews reports say more termite infestations are being found
According to news reports, 2021 is a year for discovering termite infestations. Inspections related to increased home sales could be a factor. Another is people have been spending more time…
Read MoreCommercial Real Estate spikes
WETS’ Business Matters cited NETAR’s March and Q1 Northeast Tennessee Commercial Real Estate Report. Momentum has been building since the fourth quarter of last year. It released in March. Office…
Read MoreMarch NE Tenn. pending home sales set new record
Homeowners accepted 983 offers in March, setting the stage for a strong opening to the prime spring home buying and selling season. March’s accepted offers – pending sales – is…
Read MoreMarket Pulse – April 12
Tri-Cities area home prices made another double-digit increase in March. The average residential resale price of $229,499 was 23.2% higher than last year. That’s good news for sellers and not-so-good…
Read MoreSmaller housing submarkets on top first-quarter stats
Last year demanded a radical new normal for doing business in the housing market. REALTORS® adapted and became leaders for those new best practices. This year, they will do the…
Read MoreMarch sees strong growth for Tri-Cities commercial real estate
Tri-Cities commercial real estate saw its best month in over a year in March. Transactions were up 71.9 percent in the wake of a dramatic increase in office sector activity.…
Read MoreLocal home sales, prices set a blistering pace
The Tri-Cities area housing market isn’t waiting for the peak spring buying and selling season. March home sales hit a six-month high while the average price in the inventory-starved region…
Read More