Archive for August 2022
Vacant land sales take a breather; still double pre-pandemic levels
Vacant land sales are taking a respite from last year’s frantic pace. But that doesn’t mean it’s a down market. Demand has steadily grown during the past three years. Much…
Read MoreInventory, inventory, inventory is a market stabilization key
Inventory will be the key metric for market stabilization in the coming months. So far this year, active inventory has gained every month since April. New listings are also picking…
Read MoreExercise extra due diligence when buying a flipped home
Local media recently latched onto a Motley Fool report that declared the Tri-Cities two metro areas were among the top five in the U.S. for House flipping in 2022. It…
Read MoreTri-Cities area pending home sales reverse downward trend
GRAY- Tenn. – Tri-Cities area pending homes perked up in July after three months of decline. Sellers accepted 888 new contracts. That’s 10 more than June and 64 fewer than…
Read MoreInventory, inventory, inventory is a market stabilization key
Inventory will be the key metric for market stabilization in the coming months. So far this year, active inventory has gained every month since April. New listings are also picking…
Read MoreWant a killer lawn next year? Now is the time to set it up
Autumn isn’t quite here yet, but early morning and evenings are beginning to feel better with a light sweater. And crowds are already gathering for Friday night high school football. …
Read MoreMulti-family sales heat up commercial market
GRAY, Tenn. – Tri-Cities commercial real estate transactions were almost 11 percent better than the first seven months last year. July’s sales and leases were the same volume as July…
Read MoreLocal homeowners see dramatic equity gains
GRAY, Tenn. – Remember hearing that a mortgage is a lot like a forced savings account that will make homeowners rich over time? There were a lot of Tri-Cities homeowners…
Read MoreUnpacking July’s home prices and sales data
July was another month when the local Home Sales Report chronicled new records or had data that was almost a record. That makes it an opportune time to unpack some…
Read MoreTri-Cities area home prices continue climbing, sales down
GRAY, Tenn. – July’s Tri-Cities area home sales were down from last year while prices continued their roller-coaster ride. One example of that ride is the Piney Flats average existing…
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