Archive for May 2021
How to find the best home sales comparisons
May will be the final month for the inflated home sale comps this year. They’re inflated because it compares today’s strong market to one where the growth rate bottomed out while the pandemic was trashing the economy. May 2020 local sales were…
Read MorePrice per sq. ft. in tricky home value territory
There is no argument that navigating today’s real estate market is complicated. So, it’s easy to see why buyers and sellers are always looking for ways to make things less difficult. Especially when a property’s price is the issue. A popular concept that is overused and frequently…
Read MoreTracking market demand with NETAR’s reports
May 24 Market Pulse There was a time when “what kind of foreclosures are out there” was the most common question a Realtor® heard. And then it was, “how’s the market doing?” Nowadays, it’s…
Read MoreAffordable homes still an active part of this hot market
Reports about high prices and the lack of inventory shutting first-time buyers and those looking for affordable homes out of the market are common these days. There’s another side to that story that hasn’t gotten as…
Read MoreWhy home prices are so hot – is it a bubble?
April home sales are running well above pre-pandemic levels. Put comparisons to last year aside because they are what real estate professionals call a “bad comp.” It’s a comparison of today’s vibrant market to one that…
Read MoreCommercial real estate shaking off slump
Market Pulse – May 17 The last two monthly NETAR Commercial Real Estate (CRE) Reports point to a sector shaking off pandemic effects and gearing up for getting back to business as usual. So far this year, the transactions trend is up 44% from…
Read MoreLocal housing market sees robust April pending sales
If you liked April’s home sales numbers, look for more of the same in May and June. Homeowners accepted 985 offers for single-family and condo resales in April, setting the stage to continue a strong prime home buying and…
Read MoreLocal commercial real estate picks up momentum
Commercial real estate transactions were up 65 percent from last year in April. Transactions have more than doubled during the past two months, with a notable April increase in the retail-commercial sector, according to the Northeast Tennessee Association…
Read MoreMarket Pulse – May 10
April’s home sales were up 33.7% from April last year, but is that a realistic market indicator? It’s an accurate number but not totally representative of today’s market conditions. April last year was the first full month of economic reaction to the pandemic.…
Read MoreCompetition Drives Homes to Fastest-Ever Sales Pace
Homes are selling in record time. The time on market has declined every month this year, and we’re barely into the prime home buying and selling season. The median time on market in April was…
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