Archive for April 2024
MARKET PULSE – Population count shows more births, fewer deaths
There was a subtle, but significant, change in the Census Bureau’s latest local population estimates. It wasn’t so much about the Tri-Cities region’s growth rate. As expected, nine of the…
Read MorePeak Boomers demographic will test housing needs, demand
Here’s something most everyone knows but is shocked when they hear the number. In the very near future, about 28% of the Tri-Cities residents will be at key pre-retirement age…
Read MoreWSJ-Realtor.com Emerging Markets Index – JC is out, Kingsport-Bristol in the top 10
The Wall Street Journal/Realtor.com Spring Emerging Markets Index was a shocker in NE TN and SW VA. The Johnson City metro area, which has dominated Tennessee and most U.S. markets…
Read MoreMarket Pulse – Mortgage-Fee Properties Give Local Economy A Cushion
Although real estate’s contribution to the overall Tri-Cities area economy has flagged from the early post-pandemic years, it still accounts for about 16% of the local economy. During the first…
Read MoreReal Estate Plays A Big Role In The Local Economy
One local economy metric that often gets overlooked amid the jobs and sales tax numbers is the real estate contribution. It accounts for almost 16% of the total economy and…
Read MorePending home sales up 15% on more high-end contracts
Pending sales jumped 15.1% in March on a 113.3% increases in the number of new contracts in the top bracket of the move-up market. Although demand – as monitored by…
Read MoreHome Sales Down, Prices Slightly Higher; All Eyes On Inventory
Now that we’re past the first quarter, a clearer picture of the housing market is developing. More buyers are getting price cuts. But it’s still a sellers’ market. QUARTERLY SALES…
Read MoreIf the rental deal looks too good to be true, beware
In many ways, the local rental market is just as frantic as the rest of the housing market. Rents have increased to a new market price level and continue increasing.…
Read MoreNational Association of Realtors® Announces Partnership With SoFi
WASHINGTON (April 8, 2024) – The National Association of Realtors® today announced SoFi as a new partner with NAR REALTOR Benefits®. As part of the agreement, NAR members and their…
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