Archive for January 2022
Did the market just shift back into overdrive?
Buyers, sellers, and Realtors® have a long list of things to watch for as the market gears up for this year’s spring buying and selling season. The trend toward less…
Read MoreTight inventory puts pressure on listing price strategy
There are myriad considerations about putting a property on the market this year, but one stands above the rest. It focuses on how strategic pricing plays a critical role during…
Read MoreTri-Cities 2021 vacant land deals up 40.8%
Tri-Cities vacant land transactions joined the rest of the real estate industry segments last year for its best-ever year. Sales and leases were up 40.8%. They have increased 214% since…
Read MoreVA loans backed Tri-Cities highest 2021 avg. home sales price
Last year, conventional loans dominated home sales in the seven NE Tenn. Tri-Cities counties. But they didn’t have the highest average sales price. That status went to Veteran Administration (VA)…
Read MorePending home sales decline 21%
The number of pending existing home sales slid in December, as high prices and rising mortgage rates gave some buyers pause. Others clamored to get deals accepted before more anticipated…
Read MoreLocal condo prices up, sales down
Prices were up 9.5% for local condominiums and townhomes last year, but sales were down. Lack of inventory and the local preference for detached housing are the drivers for what’s…
Read More2021 another record-setting year for housing
The books on the 2021 local housing market are almost closed. They’re almost final because the Multiple Listing Service (MLS) numbers for the home sales report were pulled on the…
Read MoreLocal commercial real estate sales, leases at a new high
Local commercial real estate transactions ended 2021 at a decade high and are expected to perform well despite the prospects of higher interest rates. Transactions from listings on the two…
Read MoreTri-Cities area home sales raise the bar again in 2021
There were 9,523 closings on existing home sales in 2021. That’s a 10.6% improvement over the 2020 total. It’s also the second straight year the annual growth rate has been in…
Read MoreThe right Realtor® makes buying, selling a lot easier
We’re only a week into 2022 and the flood of housing market advice is already cresting. Buy. Sell. Don’t buy now. Don’t sell now. There’s a surge of foreclosures on…
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