Archive for December 2021
NE Tenn – SW Va land sales on track for another big increase
Vacant land sales are on track for another annual increase just below the 50% mark. They’ve been on that path since 2020 while sales in some price ranges are well into triple-digit increases. The three…
Read MorePending home sales point to another record year
Pending home sales declined from the previous month for the third time in November as the market continued taking a breather from its frantic pace. Compared to last year, last month’s approved contracts point to another record year…
Read MoreNE Tenn – SW Va land sales on track for another big increase
Vacant land sales are on track for another annual increase just below the 50% mark. They’ve been on that path since 2020 while sales in some price ranges are well into triple-digit increases. The three…
Read MoreClosing the door on 2021
As my two years serving you as NETAR President draws to a close, I am incredibly grateful to have been entrusted with this honor, privilege, and responsibility. Was it anything…
Read MoreAlmost a third of local single-family residences are rental units
Nearly one of every three single-family homes or condos in the region monitored by NETAR during the fourth quarter was a non-owner-occupied investment property. Of those 60,463 properties, 3,460 were vacant, giving the region…
Read MoreLocal real estate data key to good marketing, savvy shopping
By KRISTI BAILEY Eye-popping describes some of the current headlines about real estate. But savvy consumers should be wary. Most of what is printed or broadcast in the mass media is based on the so-called national market…
Read More2021 National Commercial Award and Best Bosses
Congratulations to Jerry Petzoldt for being honored as one of the recipients of the 2021 National Commercial Awards! This recognition program honors REALTORS® who received an award or recognition for…
Read MoreLocal commercial real estate up 44.1%
November’s regional commercial real estate market continued its recovery momentum with a 44.1% increase over last year’s transaction performance. So far this year, all but one sector has surpassed market performance during the first 11 months…
Read MoreInflation in the mortgage rates driver’s seat
November’s median existing-home sales price jumped to $210,000. That’s the same level it was at the market peak in August. The reason was buyers saw that mortgage rates were ready…
Read MoreSellers will lose some advantage in the moderating market
Historically November is a month that sees exceptions to the seasonal slowing trend. This year is no exception. Sales didn’t get a bump as they have in years past, but sales prices did. The median…
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