Archive for March 2025
Pending home sales point to sluggish market; outlooks downgraded
Pending sales perked up in February. They were 16.3% better than January’s lackluster year opener. But they lagged last year’s performance by 2.3%. The forward-looking market indicator synced with sagging…
Read MoreMARKET PULSE – Limestone estate top February sale
February’s top sale was a 12-room estate on 34 acres in Limestone, Greene Co. The 4,265 sq. ft. home and property sold for $2,450,000. The home included a luxury living…
Read MoreNAR report offers remodeling, upgrading insights
Modest price gains are the 2025 outlook watch words for the remodeling market. Modest is growth in the 6.4% range. Remodeling gets a space of its own in the National…
Read MoreMarket Pulse – New Home Sales Decline, Prices Increase
The Tri-Cities new home market was as lethargic as the existing home market in February with one exception – prices were up 7.6%. According to the Northeast Tennessee Association of…
Read MoreScams – the Ugly Side of the Rental Market
A March local residential rental report found higher rents and affordability were the norm. The median for all rents area wide is almost $1,100. And rents on one-bedroom apartments in…
Read MoreMARKET PULSE – Home price reductions increasing
Another sign the market is becoming more buyer friendly is the amount of price reductions sellers are making to bring their listing in synch with the market. The share of…
Read MoreFundamentals For Navigating Today’s Housing Market
Thinking about buying or selling a home in 2025? Here are a few basics to help guide you through some confusion and media myths. NOW IS NOT A BAD TIME…
Read MoreDays of the Super-Charged Sellers’ Market Are Over
With the peak home buying and selling season just around the corner some sellers have to be wondering if this is the year pull the trigger. There are numerous signs…
Read MoreRealtors Keep Up With Rapidly Evolving Demographics
By WAYNE PORTER Realtors® have always paid close attention to demographics. Much of it focused on two specific groups. The first is younger buyers who were typically first-time buyers. Since…
Read More