Archive for January 2025
Tri-Cities pending sales up 2.7% in December.
December pending home sales were up on increases in the move-up and luxury home markets. Pending sales in the affordable market price range declined. Pending sales are a leading indicator of…
Read MoreHousing Market More Buyer-Friendly, Here’s Why
Tucked away in many of the current crop of media housing stories is a line that says the market is getting a little more buyer friendly. Most of the time,…
Read MoreWant A Bigger Slice of the Economic Pie, Pay Attention to Real Estate
One part of the local economy story that often gets overlooked is the real estate contribution. But if you want a better grasp of what makes the regional economy tick,…
Read MoreEconomist thinks Tri-Cities jobs, housing growth in inevitable
Dr. Lawrence Yun thinks the job growth Knoxville and Chattanooga are experiencing will spread to the Tri-Cities area. And that will create more housing demand, Yun, chief economist and head…
Read MoreTri-Cities Area New Home Sales Up 23%, Prices Down 18%
New homes sold last year in the Tri-Cities area were smaller than the year before and both the median and average sales prices declined. There were 741 new home sales…
Read More2024 Year-end state of the housing market
The Tri-Cities area housing market had a pretty good year in 2024 despite the fact that sales and prices were readjusted to more normal conditions. Conditions look good for improvements…
Read MoreNAR Legal Action Program Helps Secure Victory in Appeals Court to Protect Use of Floorplans to Market Homes and Inform Consumers
CHICAGO (January 15, 2025) – The National Association of REALTORS® (NAR) today announced the Eighth Circuit Court of Appeals issued a unanimous decision finding that the defendant brokerages and agents…
Read More$1-million plus sales down, Dec. top sale at the Ridges
Top of the housing market closed the year with less than half of the sales of the previous year. There were 70 $1-million plus sales, down from 123 during 2023.…
Read MoreHousing metrics to watch as 2025 market drivers
If you want to get an edge on what this year’s housing market will look like as we head into the prime season, the metric that stands out is the…
Read MoreHurricane Helene donation deadline extended
Realtor® Relief Foundation has extended the deadline for locals to make contributions that will go directly to area residents that were victims of Hurricane Helene. So far, 67 applicants have…
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