Archive for August 2024
Stage Set for Some Late Housing Market Changes
One month into the third quarter and for some, it seems like real estate has turned upside down. New standards and regulations are in effect after the Aug. 17 deadline.…
Read MoreMARKET PULSE – July’s top $1 million plus home sale was in Bristol, TN
The Tri-Cities Region added its 43rd $1 million plus home sale in July. That’s a 34.4% increase over sales during the first seven months of last year. There were seven…
Read MoreSafety Month Focus on both Realtor and Clients
Real estate can be a rewarding and enjoyable career. But it’s also a high-risk profession. Many real estate professionals find themselves in situations that put them in harm’s way. Safety…
Read MoreJuly pending home sales flat
July pending sales were flat as the housing market entered a third quarter of rising inventory and declining mortgage rates. Sellers accepted 176 new contracts, 34 fewer than the previous…
Read MoreMARKET PULSE – Mobile home increase sales share in affordable housing marke
Buyers seeking affordable housing are increasingly turning to manufactures homes as a resource. July sales were 38% higher than last year and the median sales price was up 11.7%. According…
Read MoreWhat the NAR Settlement Means for Home Buyers and Sellers
New practices are for real estate transactions that have dominated the real estate trade press and mass media are now in place. Here’s a capsule of the changes and what…
Read MoreMARKET PULSE – Strained affordability leads builder to go smaller
New home shoppers will see smaller home offerings until the housing affordability issue eases in the Tri-Cities. It’s one way builders are coping with the economic realities of the affordability…
Read MoreGet protected from No. 1 threat to your home
It’s hard to believe the year is passing so fast. Kids are back in school and it’s almost football time in Tennessee. That means it also won’t be long before…
Read MoreMARKET PULSE – Inventory gains nudge market toward more balanced conditions
Buyers have more choice and better bargaining positions as the local home sales tend slouches toward a pre-pandemic level. That’s because slower sales are allowing faster inventory growth. July’s active…
Read MoreInto the weeds with two top housing market ranking reports
USA Today recently published a study that proclaimed Johnson City and Kingsport the best Tennessee cities to live in. A few days later the Wall Street Journal-Realtor.com index put the…
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