Archive for November 2023
Living large in Tri-Cities area housing market on the upswing
Million dollar-plus sales lag last year’s total, but the top-end of the existing residential market isn’t suffering. The same goes for the $500K and up luxury market, which has picked…
Read MoreOctober’s area housing market in context
Tracking today’s housing economy is like trying to drink from a fire hydrant. And putting context to the flood of data can be as much an art as a science.…
Read MoreUS Existing-Home Sales Receded 4.1% in October
Key Local Highlights -Local existing home sales declined 2.6% from Sept. and are 13% higher than last year. -The median existing single-family sales price of $260.000 was unchanged from Sept.…
Read MoreReal estate investment focus rivals stocks as wealth builder
There was a time when homeowners – and those who wanted to be owners – were told to first think of their property as shelter and then as an investment.…
Read MoreCondo/townhome sellers see 20% price gain
The highest mortgage rate in years, a stubborn inventory shortage, higher home prices, and higher rents continue stimulating the new and existing condos/ townhomes market. A typical condo owner who…
Read MorePending sales up 1%; Luxury market contracts double
GRAY – October was a month for small gains in the local housing market everywhere except the luxury market where pending sales doubled. New listings in the move-up market are…
Read MoreHeadwinds blunt commercial real estate transactions
Early fourth quarter commercial real estate transactions typically signal the close the year and a preview for the coming year’s strong start. But not this year. The region is engulfed…
Read MoreLocal high-end home sales contradict down market trend
Existing home sales in the $500K and up price ranges have become a market contradiction in the latter half of this year. While the overall market is headed to pre-pandemic…
Read MoreVeterans have earned extra housing support, benefits
Today, Saturday, Nov. 11, is set aside to honor veterans, past and present. Veterans are an important part of the local population and of the local housing economy. So, the…
Read MoreHigh-end buyers propping up housing market
GRAY, TN – High-end buyers are propping up the Tri-Cities area housing market as higher mortgage rates have pushed an increasing number of borrowers to the sidelines. Sales in the $500K…
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