Archive for January 2023
Vacant land sales decline
There were 2,400 vacant land sales in the Tri-Cities region last year, down 299 from the previous year. The softer market came on the heels of two years of rapid…
Read MoreSellers market vs. a home buyers strike
If the market wasn’t confusing enough, there’s new jargon elbowing into the space normally reserved for is it a buyers’ or a sellers’ market. Consumers’ fear of missing out is…
Read MoreThe slow train to more inventory
Location, location, location is still dominant in real estate jargon. But inventory, inventory, inventory is right up there with it. Tri-Cities home sales declined for the first time in a…
Read MoreVA loans backed Tri-Cities highest avg. home sales price last year
Conventional loans dominated existing home sales in the core seven NE Tenn. Tri-Cities counties serviced by the Northeast Tennessee Association of Realtors© (NETAR) last year. But they didn’t have the…
Read MoreTri-Cities area pending home sales drop to 5-year low
Tri-Cities area pending sales fell to a five-year low in December. Sellers accepted 421 new contracts, down 184 from November and 236 fewer than in December last year – a…
Read MoreHousing market primed for more normalization
Some forecasts are all about a turbulent market this year. Others are calling it a nobody’s market and focus on frothy sales and price conditions. There will likely be some…
Read MoreTri-Cities area high-end, luxury home market growing
GRAY, Tenn. – Tri-Cities home sales declined for the first time in a decade last year. But the living large in the Tri trend still has legs. Here’s a brief…
Read More2022 was another banner year for multi-family sales
GRAY, Tenn. – Last year was the year for multi-family sales in the Tri-Cities area. They replaced the office sector as the top area commercial real estate performer, according to…
Read MoreMarket watchers will need extra data tools this year
There was a time when real estate market watchers could keep tabs on the time a home spent on the market before selling and the monthly pending sales report and…
Read MoreHow well does your home stand up to energy efficiency marketing?
At the risk of straining to put a silver lining on the recent cold weather, consider this: It was a real estate marketing lesson for owners of older properties who…
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