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Archive for March 2023

All-cash home sales are down so far this year 

By Don Fenley | March 26, 2023

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…

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Remodeling Impact Focus Shifts to Outdoor Features

By Jan Stapleton | March 26, 2023

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…

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Top earners turning to renting instead of buying

By Don Fenley | March 19, 2023

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…

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Beware if a rental deal sounds too good to be true  

By Jan Stapleton | March 19, 2023

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…

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NE Tenn. Pending Homes Sales Up 16%    

By Don Fenley | March 17, 2023

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.…

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Investors keep local commercial real estate market buzzing 

By Don Fenley | March 14, 2023

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…

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Discounting shows today’s housing market is kinder to buyers

By Don Fenley | March 12, 2023

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…

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Flipped home can be a good buy, or a money pit

By Jan Stapleton | March 12, 2023

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…

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Home sales, prices shrug off winter doldrums  

By Don Fenley | March 6, 2023

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…

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FED homeownership monitor rates Tri-Cities ‘unaffordable’ 

By Don Fenley | March 5, 2023

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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