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Archive for May 2023

Sluggish land sales market starts to pick up 

By Don Fenley | May 28, 2023

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…

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Honor America’s War Dead By Remembering All Veterans 

By Jan Stapleton | May 27, 2023

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…

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NAR Applauds Two Supreme Court Rulings Upholding Property Rights

By NETAR | May 25, 2023

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…

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Johnson City snares $500K hot-spot status, but…

By Don Fenley | May 20, 2023

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…

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Real estate has big area small business footprint  

By Jan Stapleton | May 20, 2023

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…

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April Pending Sales Increase – Prices Pick Up Momentum    

By Don Fenley | May 18, 2023

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…

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Local commercial real estate weathering economy’s volatility

By Don Fenley | May 15, 2023

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…

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Affordable housing isn’t another term for government help 

By Don Fenley | May 13, 2023

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…

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Housing market stimulates equal shares of frustration 

By Jan Stapleton | May 13, 2023

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…

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NAR Welcomes FHFA’s Cancellation of August 1 LLPA Fee Increase

By NETAR | May 11, 2023

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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