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Archive for September 2022

Tri-Cities luxury home sales down 31% since May; eight-month trend up 45% 

By Don Fenley | September 25, 2022

GRAY, Tenn. – Rising mortgage rates, stock market volatility, and inflation concerns have pushed Tri-Cities luxury existing housing sales down by 31% since May. But while $500,000 plus sales are…

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How useful are all those so-called data-driven housing reports? 

By Rick Chantry | September 25, 2022

Two of the most recent national stories that gave the Northeast Tennessee housing market another 15 minutes of fame were:  Realtor.com’s market hotness rankings. The Kingsport-Bristol and Johnson City metro areas were…

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Tri-Cities pending home sales down for 4th month  

By Don Fenley | September 19, 2022

GRAY, Tenn. – One of the primary forward-looking monthly housing reports is down for the fourth straight month. Sellers accepted 868 new contracts, down 20 from July and 102 fewer…

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Tri-Cities area condo sellers get extra $11,000 per sale

By Don Fenley | September 18, 2022

GRAY, Tenn. – Tri-Cities sellers are getting an average of $11,000 more per townhome/condo sale in NETAR’s primary service area while the number of sales is down 26% from August last…

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Savvy homeowners getting ready because winter is coming 

By Rick Chantry | September 18, 2022

The Old Farmer’s Almanac is calling it the “season of shivers.” Janice Stillman, the Almanac’s editor, says, “this coming winter could be one of the longest and coldest that we’ve…

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Year-to-date commercial real estate transactions up 54%

By Don Fenley | September 12, 2022

GRAY, Tenn. – Tri-Cities commercial real estate (CRE) transactions continued a steady growth pattern in August. So far this year, 393 transactions have been finalized for a 54.7 percent improvement…

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Cash deals, seller discounts, and over-list-price sales 

By Don Fenley | September 11, 2022

GRAY, Tenn. – Cash deals accounted for 34% of August’s existing home sales because the number of total sales declined. Cash sales have ranged from 262 to 265 for the…

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Housing turn-over cycle; a slow road to balanced

By Rick Chantry | September 11, 2022

By RICK CHANTRY  The local housing market is finally showing more signs that it’s stabilizing. Some of the signs are faint, and it would be wishful thinking to expect a…

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Tri-Cities’ hot housing market shows some cracks   

By Don Fenley | September 6, 2022

GRAY, Tenn. – The Tri-Cities area’s red-hot housing market is beginning to show cracks. August sales were down from last year, and the sales price increased. But the trend is…

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Rental market steps up its Tri-Cities area game 

By Don Fenley | September 4, 2022

GRAY, Tenn. – A new analysis from Attom Data Solutions shows the average vacancy rate for single-family rentals in the Tri-Cities area – including Greeneville – is 2.6%. The news…

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Recent Posts

  • Top earners turning to renting instead of buying
  • Beware if a rental deal sounds too good to be true  
  • NE Tenn. Pending Homes Sales Up 16%    
  • Investors keep local commercial real estate market buzzing 
  • Discounting shows today’s housing market is kinder to buyers

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