Archive for April 2023
Veterans and VA loans a big part of the housing market
GRAY – Home owners like fast, uncomplicated closings. Frequently they back away from VA loans because they believe deals are risker and a pain in the process. According to mortgage…
Read MoreNETAR Donation Helps Boost Sullivan Co. Veterans Park
The Northeast Tennessee Association of Realtors® recently joined other local organizations and individuals with a $7,500 contribution for Sullivan County’s Veterans Park in Blountville. The contribution is both representative of…
Read MoreMost cash sales are $100K or less deals
Anecdotes about cash-flush, out-of-town buyers snapping up local homes are so common some think they are the norm and one of the reasons local home prices have increased so much. …
Read MoreHousing market information that’s local, local, local is critical
The local housing market is sending mixed signals as it eases into the prime home buying and selling season. The Northeast Tennessee Association of Realtors® (NETAR) March mid-month update shows…
Read MoreMarch Pending Sales Increase; Inventory Inches Higher
GRAY, TN – Pending sales offered its version of mixed NE TN – SW VA housing market signals in March. The number of accepted contracts increased. That’s what you would…
Read MoreCommercial real estate transactions tread water
GRAY, TN – Commercial Real Estate transactions were treading water on the two local commercial databases in March. Last month’s total lagged March last year by 32 percent. First quarter…
Read MoreQ1 housing market, what happened, what’s next?
First quarter home sales and prices told a familiar story for the NE TN-SW VA housing market. Prices were up by double digits and sales were down by double digits.…
Read MoreMarch townhome prices set new benchmark
March’s condo-townhome sales burst onto the spring market with a 36 percent price increase and sales that doubled from the previous month. Last month’s $204,750 median price was the housing…
Read MoreMarch home sales increase, prices dip
GRAY, Tenn. – NE Tenn. housing market went into spring selling and buying mode last month. Sales were up 43 percent from February while prices gave up a little ground. …
Read MoreNew home market gets competitive with existing home sellers
Inventory is making snail’s pace increases in NE Tenn. and it’s giving the new home market an advantage to be more competitive with the existing sales market. The local market…
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