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Archive for March 2022

Here’s what local data says about foreclosure market 

By Don Fenley | March 27, 2022

 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,…

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REALTORS® celebrate Fair Housing Because That’s Who We R® 

By Rick Chantry | March 27, 2022

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…

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Townhomes getting more consumer, builder notice 

By Don Fenley | March 20, 2022

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…

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  Reasons why it’s still a good time to buy 

By Rick Chantry | March 20, 2022

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…

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Feb. pending home sales reverse 5-month decline

By Don Fenley | March 18, 2022

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…

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Feb. was soft month for commercial real estate transactions

By Don Fenley | March 14, 2022

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…

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Feb. cash sales down; VA loans highest sales price 

By Don Fenley | March 13, 2022

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%,…

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Home sales can still get a hold on growth

By Rick Chantry | March 13, 2022

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…

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Feb. home sales flat, prices continue double-digit gains  

By Don Fenley | March 7, 2022

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…

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Lack of inventory drives home prices higher   

By Don Fenley | March 6, 2022

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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Recent Posts

  • Vacant land sales decline
  • Sellers market vs. a home buyers strike
  • The slow train to more inventory 
  • VA loans backed Tri-Cities highest avg. home sales price last year 
  • Tri-Cities area pending home sales drop to 5-year low 

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