Archive for May 2024
MARKET PULSE – Region sees 12th million plus home sale this year
A $2.1 million Johnson City sale topped April’s top of the market list. The five bedrooms, five bath Park Place Community home has all the style, and extras that hallmark…
Read MoreThere’s more to housing demand than newcomers
By MICHELLE DAVIS Most focus on who’s buying homes is on newcomers, and the just-released Census population estimates affirm that more are on the way. There might not be quite…
Read MoreMarket Pulse – Townhome-Condo Segment Has Best Market Gain
The townhome-condo housing market segment was the property type with the largest gains in April. Prices were up 13.3% with the $150K-$250K price range selling the quickest as first-time buyers,…
Read MoreMarket Balance Is More Than Months Of Inventory
Real estate professionals and the media talk a lot about balance, but to get a good handle on it, look beyond the most cited metric – months of inventory. It’s…
Read MoreMove-up, luxury markets push April pending home sales higher
The Tri-Cities area housing market continues a slow, steady gain as it moves into the second quarter. The Pending Sales Index, which benchmark to a pre-pandemic level, is up 8.9%.…
Read MoreMARKET PULSE – Local home equity performance tops TN and US levels
Although housing affordability and accessibility remains challenging, the first quarter equity status of outstanding mortgages testify to wealth production in today’s local market. The equity positions of Tri-Cities area mortgaged…
Read MoreRealtors® are a big part of small business community
May is the only time the most important piece of the local and U.S. and economies is formally recognized. Small Business Month’s goal is to honor the entrepreneurs who bring…
Read MoreApril Regional Market Analytics
MARKET PULSE – Inventory continues snail’s pace improvements
There were 1,440 active listings in the Tri-Cities region in April. That’s a 7% improvement over April 2023 and 47% better than it was when invitatory bottomed out in 2021.…
Read MoreRemodeling or upgrading, Realtors® offer insights
A couple of weeks ago, this column explored the economic impact of real estate on local economies. Of particular interest was the segment on how much furniture and remodeling fit…
Read More