Archive for March 2023
All-cash home sales are down so far this year
Buyers have backed off cash sales so far this year. In January, they accounted for 28.9 percent of all sales. They picked up to 31.6 percent in February which is…
Read MoreRemodeling Impact Focus Shifts to Outdoor Features
The weather’s not exactly on board yet, but spring is here. And with spring comes a surge of optimism and energy that leads to doing more than thinking about that…
Read MoreTop earners turning to renting instead of buying
GRAY, TENN. – NE Tennessee’s multi-family housing sector has equaled and, in some cases, exceeded demand in the single-family market. Some research by the Wall Street Journal adds some context…
Read MoreBeware if a rental deal sounds too good to be true
Using this space to intermittently shine a spotlight on rental scams has become a staple for the Northeast Tennessee Association of Realtors® (NETAR). Consumers are urged to be extra careful…
Read MoreNE Tenn. Pending Homes Sales Up 16%
GRAY, TN – Pending homes sales make their second straight double-digit increase in February and there was a significant decrease in the time properties spend on the market before closings.…
Read MoreInvestors keep local commercial real estate market buzzing
GRAY, TN – February was the second straight month commercial transactions have been stagnant when compared to last year. But there’s background activity that the public never sees or hears…
Read MoreDiscounting shows today’s housing market is kinder to buyers
While the Northeast Tennessee region has seen a slight improvement in active housing inventory, the months of inventory metric is stubbornly stuck in the 1.6 to 1.7 months range. It’s…
Read MoreFlipped home can be a good buy, or a money pit
Unless you’re the type of buyer who’s sitting on a pile of cash, there’s no way around the fact that things can be tough in today’s housing market. That’s especially…
Read MoreHome sales, prices shrug off winter doldrums
GRAY, TN – The Tri-Cities housing market began shrugging off its winter doldrums in February. Sales reversed a seven-month decline and prices perked up after an eight-month stagnant stretch. “Sales…
Read MoreFED homeownership monitor rates Tri-Cities ‘unaffordable’
The Tri-Cities in tip-toeing into what’s beginning to look like a softer prime home buying and selling season without its status as an affordable housing market. According to the Atlanta…
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