Archive for February 2023
Spring inventory arriving at a snail’s pace
GRAY, TN – Have you ever heard the saying, “you can’t sell out of an empty wagon?” It’s a reality local real estate professionals have struggled with for a little…
Read MoreKeeping up with rapidly evolving demographics
Realtors® have always paid attention to demographics. Most of it focused on two distinct groups, and that focus is becoming more intense. The first was younger buyers who were typically…
Read MoreNAR Supports Newly Announced Reduction of MIPs
WASHINGTON – National Association of Realtors® President Kenny Parcell issued the following statement in response to the announcement made Wednesday by Vice President Kamala Harris and HUD Secretary Marcia Fudge…
Read MoreTri-Cities Area Pending Home Sales Up 36.6%
GRAY, TN – The groundhog predicted another six weeks of winter before spring, but the housing market is sending an opposite prediction. January’s new contracts for existing single-family home and…
Read MoreAdd demographics to the marketing toolbox
The scribes at the Wall Street Journal are typically quick to grab a data factoid for a brief update on who we are, what we’re doing, and how things are…
Read MoreHere’s what to expect from the all-important home inspection
Here’s another twist that illustrates this year’s housing market will not be like it has been. We’re still firmly in a seller’s market, and it looks like we will be…
Read MoreCommercial transactions down, interest in area remains strong
GRAY, TN – Commercial Realtors report they are busy – some busier than last year – while transactions in the Tri-Cities area got off to a slow 2023 start. Completed…
Read MoreUnpacking January’s Home Sales Report
Are you ready for more housing market reports with conflicting data? That’s what we’re going to get until the market stabilizes. The year started off with another expected sales decline.…
Read MoreInventory watchers keep tabs on the pending sales – new listings dance
Doing a daily check on Flex does the trick. But it is monotonous. And since inventory is dynamic, it is constantly changes. Here’s a market watcher tactic. Track the dance…
Read MoreTri-Cities home prices up, sales tumble to pre-pandemic level
GRAY, TN – Tri-Cities home prices defied predictions of big reductions in January while sales tumbled to pre-pandemic levels. “December’s pending sales signaled another dip and that’s exactly what we’re…
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