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Archive for November 2023

Living large in Tri-Cities area housing market on the upswing

By Don Fenley | November 26, 2023

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…

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October’s area housing market in context 

By Jan Stapleton | November 25, 2023

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.…

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US Existing-Home Sales Receded 4.1% in October

By NETAR | November 21, 2023

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.…

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Real estate investment focus rivals stocks as wealth builder 

By Jan Stapleton | November 18, 2023

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.…

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Condo/townhome sellers see 20% price gain

By Don Fenley | November 18, 2023

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…

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Pending sales up 1%; Luxury market contracts double

By Don Fenley | November 16, 2023

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…

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Headwinds blunt commercial real estate transactions

By Don Fenley | November 14, 2023

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…

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Local high-end home sales contradict down market trend

By Don Fenley | November 12, 2023

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…

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Veterans have earned extra housing support, benefits

By Jan Stapleton | November 11, 2023

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…

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High-end buyers propping up housing market 

By Don Fenley | November 6, 2023

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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