Archive for December 2022
NETAR teamwork made 2022 accomplishments possible
It’s been three years since Northeast Tennessee and Southwest Virginia have experienced anything like normal economic conditions. In fact, the so-called new normal is evolving faster than some experts can…
Read MoreTri-Cities pending sales continue declining in November
GRAY, Tenn. – Tri-Cities area pending sales continued falling in November. Sellers accepted 605 new contracts, down 81 from October and 171 fewer than November last year, for a 22%…
Read MoreTri-Cities vacant land market slower, not in correction mode
Tri-Cities vacant land sales are looking a lot like a market in a typical seasonal pattern. It’s not that much different from other real estate market elements like residential resales…
Read MoreGetting ready for the 2023 home-buying season
Given current conditions, home buyers will have a little more bargaining power during the upcoming prime buying and selling season. There should be a little more inventory, which will ratchet…
Read MoreTri-Cities area commercial real estate transaction trend down 32%
GRAY, Tenn. – Commercial estate transactions for the first 11 months of this year have slowed in the face of rising inflation, household income squeezes, and geopolitical events. It was…
Read MoreLocal high-end homes sales picking up activity
It’s always interesting to compare the region’s high-end housing to the rest of the market’s performance. November wasn’t an exception because the high-enders are picking up activity as we near…
Read MoreNovember’s Tri-Cities area housing market in context
Tracking today’s housing market is like trying to take a drink from a fire hydrant. There’s a geyser of information. And putting context to all that data can be as…
Read MoreHome sales down, prices up from last year
GRAY, Tenn. – Tri-Cities area home sales were down for the fifth straight month in November. The price growth rate slowing also continued but not enough to cause a decline.…
Read MoreHousing inventory takes on new significance
GRAY, Tenn. – The Tri-Cities housing market is in an anxious state of equilibrium as it trudges through the last two months of the year. Mortgage rates have doubled with…
Read MoreHome inspections are becoming less of a negotiations issue
One sign that home buyers are regaining bargaining strength is the number of home inspections is increasing. They were one of the things buyers sacrificed during the hypercompetitive market years. …
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