Archive for March 2022
Here’s what local data says about foreclosure market
Are foreclosures really on the rise? You bet they are, but not here in the Tri-Cities region. The wave of new filings is in Chicago, New York, Los Angeles, Houston,…
Read MoreREALTORS® celebrate Fair Housing Because That’s Who We R®
Every April Realtors commemorate the passage of the Fair Housing Act with events and education programs that focus on housing discrimination and segregation. Fair Housing Month signifies an annual recommitment…
Read MoreTownhomes getting more consumer, builder notice
Rising costs are making townhomes more attractive to builders and consumers. Construction is increasing on both the U.S. and local levels. Robert Dietz, chief economist of the National Association of…
Read MoreReasons why it’s still a good time to buy
Geopolitics and inflation have taken some of the sparkle off this year’s prime home buying and selling season. Still, it hasn’t stuffed consumer demand even when combined with the super-low…
Read MoreFeb. pending home sales reverse 5-month decline
February’s pending existing home sales reversed a five-month decline and pointed to what’s shaping up as an extremely competitive, slow-growing spring home buying and selling season. Sellers approved 726 contracts…
Read MoreFeb. was soft month for commercial real estate transactions
Commercial real estate transactions were flat last month, according to the Northeast Tennessee Association of Realtors (NETAR). “There were seven fewer leases and sales than January and three fewer than…
Read MoreFeb. cash sales down; VA loans highest sales price
Cash sales were down in February, and sellers who went for the deals took an average of $3,627 less than the list price. February’s cash sales market share was 28%,…
Read MoreHome sales can still get a hold on growth
Market watchers warned it was coming. But February’s NETAR Home Sales Report was still a shock to some. After a steady diet of sales gains for a decade, seeing “sales…
Read MoreFeb. home sales flat, prices continue double-digit gains
Home sales were flat in February, while the persistent low inventory kept prices in double-digit gain territory. There was one fewer closing than there were on Jan. 2 and nine fewer…
Read MoreLack of inventory drives home prices higher
As predicted, home sales have gone flat, and the continued lack of inventory is driving prices higher. The early version of NETAR’s Home Sales Report shows February’s pending sales…
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