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Archive for April 2023

Veterans and VA loans a big part of the housing market

By Don Fenley | April 30, 2023

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…

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NETAR Donation Helps Boost Sullivan Co. Veterans Park 

By Jan Stapleton | April 30, 2023

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…

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Most cash sales are $100K or less deals 

By Don Fenley | April 23, 2023

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.  …

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Housing market information that’s local, local, local is critical 

By Jan Stapleton | April 23, 2023

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…

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March Pending Sales Increase; Inventory Inches Higher

By Don Fenley | April 20, 2023

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…

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Commercial real estate transactions tread water 

By Don Fenley | April 17, 2023

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…

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Q1 housing market, what happened, what’s next? 

By Jan Stapleton | April 16, 2023

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.…

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March townhome prices set new benchmark

By Don Fenley | April 16, 2023

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…

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March home sales increase, prices dip 

By Don Fenley | April 10, 2023

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. …

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New home market gets competitive with existing home sellers 

By Don Fenley | April 9, 2023

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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