Archive for May 2023
Sluggish land sales market starts to pick up
The regional vacant land sales market has been sluggish so far this year. But the Northeast Tennessee Association of Realtors (NETAR) market tracker shows sales are picking up. The most…
Read MoreHonor America’s War Dead By Remembering All Veterans
Fifty-two years ago, Memorial Day became an official national holiday. But it had been around much longer. Originally known as Decoration Day, its origins were in the wake of the…
Read MoreNAR Applauds Two Supreme Court Rulings Upholding Property Rights
WASHINGTON – National Association of Realtors® President Kenny Parcell issued the following statement Thursday in response to the Supreme Court’s favorable rulings for property rights in Tyler v. Hennepin County…
Read MoreJohnson City snares $500K hot-spot status, but…
GRAY – Everyone knows Johnson City is the region’s top housing market. That’s a fact. But last month its 82 sales were second place to the 95 in Kingsport. Where…
Read MoreReal estate has big area small business footprint
May is the only time the most important piece of the local and U.S. and local economies is formally recognized. Small Business Week’s goal is to honor the entrepreneurs who…
Read MoreApril Pending Sales Increase – Prices Pick Up Momentum
GRAY, TN – April’s pending sales increased as the market slogged into the prime home buying and selling season. Last month they stood at an eight-month high after sellers accepted…
Read MoreLocal commercial real estate weathering economy’s volatility
GRAY – Despite a transactions slump, concerns over bank reactions to stress from a spat of bank failures, and inflation fears the local commercial real estate outlook is positive. Here’s the…
Read MoreAffordable housing isn’t another term for government help
Despite some common public opinion, affordable housing is not another name for government assistance. The two primary formulas to gauge affordability are the financial model and the percentage of income…
Read MoreHousing market stimulates equal shares of frustration
The housing market is proving itself to be better from an economic perspective than a pleaser for consumers and real estate professionals. From an economic perspective the unstainable pandemic market…
Read MoreNAR Welcomes FHFA’s Cancellation of August 1 LLPA Fee Increase
WASHINGTON – Following significant urging from the National Association of REALTORS®, the Federal Housing Finance Agency (FHFA) rescinded its proposed loan level pricing adjustment (LLPA) upfront fee on borrowers with…
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