Archive for July 2022
At a showing? Smile, you may be on camera
The days of having a frank “I like this, or this needs to be fixed” discussion while touring a property are as dead as disco. Odds are you’re on camera…
Read MoreTri-Cities area pending home sales down 10%
Local pending homes declined for the third straight month in June. Sellers accepted 851 new contracts, down 27 from May and 10% fewer than June last year. Pending sales are a…
Read MoreCash sales increased in June; VA loan sales claim highest price
There were slight shifts in how existing homes were sold last month in NETAR’s primary region, which includes Carter, Greene, Hawkins, Johnson, Sullivan, Unicoi, and Washington Co. Tenn. VA loans…
Read MorePrice per square ft is tricky home value territory
There’s 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 solutions that make things less difficult.…
Read MoreCommercial real estate posts solid mid-year gains
June’s commercial real estate transactions were down from May’s total while posting strong (up 50%) year-over-year and six-month trend gains. The local mid-year growth rate is 13.4% better than the…
Read More61.3% of June condo sales were cash deals
Everyone knows cash is king in the existing home sales market. But it was king on steroids in June’s local condo market. A little more than six out of every…
Read MoreMid-year 2022 – The State of the Local Housing Market
Most mid-year trend indicators point toward a slowing housing market for the last half of 2022. There are some good and some not-so-good outlooks for buyers and sellers. Higher mortgage…
Read MoreLocal sellers continue increasing listing prices
Tri-Cities area home sellers haven’t signed onto the reducing prices trend that is beginning to get a lot of media attention. That doesn’t mean there are no local examples of…
Read MoreHousing affordability 101, why it’s important
The fact that housing affordability has been declining here in NE Tenn. and SW Va. isn’t a revelation. The local market has been on a tear for four years. Sales…
Read MoreJune home prices back off all-time high, sales perk up
June’s typical home sale price backed-off May’s all-time high, but not by much. At the same time, closings perked up from the previous month. “Almost all six-month trend metrics are…
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