May pending home sales up 9.9 percent from April

Homeowners accepted an all-time high of 1,083 offers for single-family and condo sales in May. That’s a 9.9 percent increase from April and 23.2 percent higher than May last year.  Pending sales are a leading indicator of…
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Signs for slowing price growth rate

May’s median existing-home sales price was 18.8% higher than it was in May 2020. That double-digit year-over-year trend has been consistent for 10 of the past 11 months. And while it’s less…
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Here’s how and how much real estate contributes to the local economy

Each year during the month of June, the Northeast Tennessee Association of REALTORS® (NETAR) takes the opportunity to celebrate homeownership by showcasing some of the social and economic benefits that protect and promote the American Dream of homeownership.   Homeownership Month was created both to encourage…
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Commercial real estate has best month so far this year

Tri-Cities commercial real estate posted its best month so far this year in May. There were 59 transactions. Last year there were 25.  So far this year there have been 226 transactions,…
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Is today’s red-hot market overpriced?

How much – if any – is today’s existing home sales overpriced is a question on the minds of buyers, sellers, and real estate professionals.  It’s a question that will remain unanswered…
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Is the housing market close to a tipping point?

Inventory has joined price as a closely watched housing market item. What’s on the market has been steadily declining since 2013. It moved to shortage status late last year, but a silver lining to that cloud is developing.  Early this…
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Another double-digit increase for home sales, prices

Home sales and prices continued at a double-digit pace in May despite a slight softening from April’s totals.   “There are some ever-so-slight declines in sales and prices, but the overall market shows no immediate…
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Some inventory relief, but no sign of a softening market

Inventory made the second monthly ever-so-slight increase in May. At month’s end, there were 1,048 active listings, up from 995 in April. That’s still a little less than half of the active…
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Homeownership has critical social, economic benefits

In 1995 National Homeownership Week began as a strategy of President Bill Clinton’s administration to increase homeownership across the nation. In 2002, President George W. Bush expanded the observance to…
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How to find the best home sales comparisons

May will be the final month for the inflated home sale comps this year. They’re inflated because it compares today’s strong market to one where the growth rate bottomed out while the pandemic was trashing the economy.   May 2020 local sales were…
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Price per sq. ft. in tricky home value territory

There is no argument that navigating today’s real estate market is complicated. So, it’s easy to see why buyers and sellers are always looking for ways to make things less difficult. Especially when a property’s price is the issue.  A popular concept that is overused and frequently…
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Tracking market demand with NETAR’s reports

May 24 Market Pulse  There was a time when “what kind of foreclosures are out there” was the most common question a Realtor® heard. And then it was, “how’s the market doing?” Nowadays, it’s…
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Affordable homes still an active part of this hot market

Reports about high prices and the lack of inventory shutting first-time buyers and those looking for affordable homes out of the market are common these days. There’s another side to that story that hasn’t gotten as…
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Why home prices are so hot – is it a bubble?

April home sales are running well above pre-pandemic levels. Put comparisons to last year aside because they are what real estate professionals call a “bad comp.” It’s a comparison of today’s vibrant market to one that…
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Commercial real estate shaking off slump

Market Pulse – May 17  The last two monthly NETAR Commercial Real Estate (CRE) Reports point to a sector shaking off pandemic effects and gearing up for getting back to business as usual. So far this year, the transactions trend is up 44% from…
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Local housing market sees robust April pending sales

If you liked April’s home sales numbers, look for more of the same in May and June.  Homeowners accepted 985 offers for single-family and condo resales in April, setting the stage to continue a strong prime home buying and…
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Local commercial real estate picks up momentum

Commercial real estate transactions were up 65 percent from last year in April.  Transactions have more than doubled during the past two months, with a notable April increase in the retail-commercial sector, according to the Northeast Tennessee Association…
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Market Pulse – May 10

April’s home sales were up 33.7% from April last year, but is that a realistic market indicator?  It’s an accurate number but not totally representative of today’s market conditions.   April last year was the first full month of economic reaction to the pandemic.…
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Competition Drives Homes to Fastest-Ever Sales Pace

Homes are selling in record time. The time on market has declined every month this year, and we’re barely into the prime home buying and selling season.  The median time on market in April was…
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Local home prices soar in April; inventory hits all-time low

Home prices continued double-digit growth in April as inventory dropped to an all-time low. At month’s end, the region monitored by the Northeast Tennessee Association of Realtors (NETAR) Home Sales Report had a 1.3-month supply of homes for sale.  “It was a given…
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Market Pulse – May 3

Vacant land inventory is showing signs of last year’s sales surge. During the first three months of this year, active inventory was down almost 19%, while sales were up 74%. There were 541 sales…
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Real estate is at the core of the region’s economic recovery

 Almost everywhere you look, there’s evidence of a Northeast Tennessee economic revival.  Employers are hiring.  Restaurant parking lots are crowded. Sales tax collections are up. And the local real estate…
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Market Pulse – April 26

The overall NE Tenn. housing market is hot, hot, hot. But so far this year luxury homes are the hottest of the hot. They have outpaced the growth rate for affordable and mid-price range homes by far thanks to the…
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Buying is a better decision than renting

Increasing prices and an inventory crunch drive more discussions about the merits of renting over buying a home.  Buying is both cheaper and a better wealth-building option. Here is why.  Renting a three-bedroom home will average $1,040 out of a family…
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Market Pulse – April 19

Three key housing market data points were in sync at the end of March.    There were 991 homes in active inventory. At the same time, there were 983 pending sales…
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News reports say more termite infestations are being found

According to news reports, 2021 is a year for discovering termite infestations. Inspections related to increased home sales could be a factor. Another is people have been spending more time…
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Commercial Real Estate spikes

WETS’ Business Matters cited NETAR’s March and Q1 Northeast Tennessee Commercial Real Estate Report. Momentum has been building since the fourth quarter of last year. It released in March. Office…
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March NE Tenn. pending home sales set new record

Homeowners accepted 983 offers in March, setting the stage for a strong opening to the prime spring home buying and selling season. March’s accepted offers – pending sales – is…
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Market Pulse – April 12

Tri-Cities area home prices made another double-digit increase in March. The average residential resale price of $229,499 was 23.2% higher than last year. That’s good news for sellers and not-so-good…
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Smaller housing submarkets on top first-quarter stats

Last year demanded a radical new normal for doing business in the housing market. REALTORS® adapted and became leaders for those new best practices. This year, they will do the…
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March sees strong growth for Tri-Cities commercial real estate

Tri-Cities commercial real estate saw its best month in over a year in March. Transactions were up 71.9 percent in the wake of a dramatic increase in office sector activity.…
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Local home sales, prices set a blistering pace

The Tri-Cities area housing market isn’t waiting for the peak spring buying and selling season. March home sales hit a six-month high while the average price in the inventory-starved region…
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Market Pulse – April 5

Buyers are flooding the housing market early in the year. With plenty of buyers and not as many sellers, homes are selling fast at higher prices. So far this year,…
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Prepping for this year’s prime house selling and buying season

There are still some contrarians who think the housing market will crash this year. That’s unlikely. The experts look for an 8 percent price increase this year. That’s down from…
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Market Pulse – March 29

Land sales in the NETAR region continued an upswing last month. Here’s what the February numbers look like: –         151 sales – one more than in January and 45 more than…
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REALTORS® celebrate fair housing commitment

Spring is the time of year when real estate professionals are busy with the beginning of the housing market’s prime buying and selling season. It’s also when they take the…
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Market Pulse – March 22

The current inventory-sales trend is good news for Tri-Cities homeowners who have or will have their homes on the market for the spring and summer buying and selling season. The…
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Good maintenance protects home value

Good maintenance is a significant factor in a home’s value over the long run. While most people have some knowledge of things like cleaning gutters, changing heating and cooling system…
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Pending home sales up by double-digits for 10th month

Sellers approved 178 more offers in February than February last year. That’s a 27.1 percent increase, and the 10th straight month new pending sales have increased by double digits.  …
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Thinking about selling your home – now is the time

The housing market buzz is focusing on when the current sellers’ market will peak, and signs are flashing; now is the time to sell. A March 3 Market Watch headline…
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Market Pulse – March 15

Get ready to see some big home sales numbers. Beginning next month, the year-over-year residential closings numbers will be comparing today’s rising market to last year’s three-month COVID-induced sales decline.…
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Local commercial real estate gains momentum

Commercial real estate (CRE) gained some local momentum in February. Transactions were up from January. Year-to-date transactions were better than the first two months of last year. And listing traffic…
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Local home prices up 27% in February

Home prices soared 27.3 percent in February, while sales in the inventory-starved NE Tenn. – SW Va. market were up 9.3 percent. “It’s a crazy, red-hot market,” Northeast Tennessee Association…
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Market Pulse – March 8, 2021

Realtor.com’s economic forecasting team thinks the market will return to seasonality this year. The typical seasonal patterns were tossed out the window last year as individuals and the markets adjusted…
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Skipping a home inspection before buying could be costly

Home inspections are at the top of the headache list for home resales. They rank second only to appraisals. Both can send a deal back to negotiations or cause it…
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Market Pulse – March 1st, 2021

The average local homeowner who sold last month pocketed an average $37,438 more than someone who sold January last year. That’s a 21.2 percent year-over-year appreciation and better than double…
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What’s my home worth is a loaded web question

Web searches for “what’s my home worth” have been getting a workout during today’s blistering housing market.  I recently ran one and Google found 4,670,000,000 results. Scroll through a few pages…
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Market Pulse – February, 23, 2021

The Tri-Cities region land rush is continuing into 2021. When you combine building lots to vacant land for homes, commercial ventures, agriculture, and now investments, sales were up 48.5% last…
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Home sales play major role in the local economy

Ask anyone how they think the economy is doing and many will point to a stock market update. That’s a good measure of how investors are speculating, but not of…
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Market Pulse – February, 15th 2021

The local housing market is on the cusp of the prime home buying and selling season with a historic shortage of homes on the market and some push and shove…
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It looks like a fiercely competitive prime season

Real estate professionals are buckled up for what looks to be a fiercely competitive prime home buying and selling season, based on what they saw in the Northeast Tennessee Association…
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Tri-Cities commercial real estate continues slow recovery

The Tri-Cities’ commercial real estate (CRE) market continued eking out a slow recovery in January despite continued economic challenges. Transactions and new listings were up from last year, and the…
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Housing market posts double-digit increases

The NE Tenn. – SW Va. housing market stayed on a double-digit increase pace last month.    “January usually isn’t one of the stronger housing months, but this market is…
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State of the 2021 NE Tenn. – SW Va. housing market

By KRISTI BAILEY When Charles Dickens wrote the opening to “A Tale of Two Cities” in 1859, he was almost describing 2020’s events. “It was the best of times, it…
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Truths about Buying in Today’s Market

Thinking about buying a home in 2021?  Here are a few truths for all homebuyers to help you wade through some of the misinformation out there. NOW IS NOT A…
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How to buy a home in a red-hot sellers’ market

By KRISTI BAILEY Facebook posts about new listings getting their first offer in less than a day are becoming commonplace. Ditto for examples of homes selling for – or above…
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Beware of scams lurking among Craigslist’s home rentals ads

By KRISTI BAILEY We have all heard the adage that “if something sounds too good to be true, it probably is.” This consumer nugget needs extra attention for folks looking…
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Pending home sales report shows robust market

Sellers accepted 660 offers in December. That’s 200 fewer than during November but 155 more than December last year. “There is some month-over-month seasonal slowing, but it’s nothing to worry…
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Tri-Cities 2020 commercial real estate transactions up

     Office, industrial, vacant land deals were market’s leaders It wasn’t a big increase, but during a year that saw the worst crash since the Great Depression, the local commercial…
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Millennials and GenZ stepping up to housing in 2021

By KRISTI BAILEY The largest generations in history will step up their influence on the housing industry in 2021.  Millennials have already dominated the first-time buyer ranks, but the leading…
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The local housing market just posted its best-ever year

December was one of the best-ever months for the local housing market, and it closed the books on one of the best-ever years for sales and price heights. “It was…
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Looking back at 2020

By KRISTI BAILEY As we all celebrated the coming of the new year, all signs pointed to it being a great year of smooth sailing for 2020. Nothing could have…
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Looking for housing info – focus on local, local, local

The current headlines about home sales and prices are eye-popping, though customers have become wary.  Firstly, the data set in which we use to calculate statistics is not national; it…
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Nov. pending home sales drop to 7-month low, still at robust level

The NE Tenn. – SW Va. housing market took a breather in November. Pending sales dropped to a seven-month low. But it wasn’t much of a slowdown. There were 860…
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How well have new FHA financing rules for condos worked?

By KRISTI BAILEY New FHA financing rules for condominiums were put in place late last year to open ownership to more first-time buyers. It was a pre-pandemic decision when it…
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2020 a year of rapid change, new housing market records

By KRISTI BAILEY In a couple of weeks, we can close the books on the 2020 housing market. Sales and price appreciation are at an all-time high, according to November’s…
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November commercial transactions up 21.4%

Office, industrial, vacant land deals best CMLS performers The local commercial real estate market is slowly clawing itself out of the COVID-19 black hole. Recovery continues to be uneven, with…
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November home sales down, but it’s still a hot seller’s market

Sales were down slightly from October but up 22.7% from last year. The average resale price was $222,142, up 26.7 percent After an expected minimal seasonal slowdown, Northeast Tennessee and Southwest…
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Remodeling is an approach to get what you need and want

By KRISTI BAILEY Studies show that many buyers prefer a home 10 years old or less, but that may not always doable in today’s local market.   According to the latest…
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Days on market metric plays dual housing role

By KRISTI BAILEY There used to be a real estate rule of thumb that said during normal market conditions meant a six-month inventory of homes for sale, which we have…
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Home prices stay in the double-digit increase zone

By KRISTI BAILEY Local home prices have increased by double digits so far this year despite the pandemic, high unemployment, and a hotly contested presidential election. The area median year-to-date…
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Housing pending sales surge to second-highest level this year

Pending sales surged to a three-month high in October. Sellers accepted 965 new contracts (pending sales), up from 921 in September. October’s pending sales are at a 17.3% increase in…
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NE Tenn. commercial real estate transaction down 11.7%

Office, industrial, vacant land deals weathering the storm —– October’s Commercial Real Estate Market posted a small transaction decline on the heels of its best two months this year. Compared…
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It looks like housing market will have a hot winter

By KRISTI BAILEY The weather may be cooling off, but it looks like this will be a hot winter for the local housing market. The housing market continues to be…
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October home sales cool off, but still on record pace

Local home sales saw some seasonal softening, but it was not enough to pull the market off its record pace. “October sales dropped 13.7% from September, but were 11.5% better…
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How to avoid closing costs sticker shock

By KRISTI BAILEY Closing costs are an all-too-common surprise for some homebuyers. Their focus was on finding their next home, getting a good deal, and the other things that come…
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Home Sales Price Increase as Growth Rate Slows

By KRISTI BAILEY The average Northeast Tennessee home sales price hit a new high in September. It was $218,438. That is 20.7% more than it was in September last year. …
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Housing Market and REALTORS® Sure and Steady in a Crazy Economy

By KRISTI BAILEY The local housing market has hit lots of new benchmarks this year, and there will likely be a few more before the end of the year.  It…
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Pending Home Sales Down for the Second Straight Month

New pending sales continued softening for the second consecutive month in September. That hints that while the market is still on a record sales pace, there is a little bit…
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Now is the time to ensure a killer lawn next year

A couple of weeks ago, we devoted this space to winterizing your home so you could enjoy all a Northeast Tennessee autumn has to offer.  There’s one more item that…
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September Northeast Tennessee Home Sales – Prices Surge to New Highs

The local housing market again surged into uncharted territory in September. Residential closings and the average sales price hit all-time highs while inventory and mortgage rates remained at all-time lows.…
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Northeast Tennessee’s Commercial Real Estate Market Slow Recovery Continues

In September, the commercial real estate market recorded another best month of the year, according to the Northeast Tennessee Association of Realtors (NETAR) monthly Commercial Real Estate Report. Transactions were…
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It’s an unbelievable good housing market, here’s why

By KRISTI BAILEY Housing is currently the brightest spot in our economy. As strange as it may sound, one reason for that is COVID-19. It has altered some fundamental ways…
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REALTORS® strive to keep their skills on the cutting edge

By KRISTI BAILEY Industries are always changing. That makes continuing education essential for workers to stay current with the latest technologies, development, and skills required for their fields. Some professions…
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Do home winterization chores early, then enjoy the fall season

By KRISTI BAILEY The first signs of fall are here. It is noticeably cooler in the evenings and early mornings. The forecast for peak fall colors has been made. It…
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August pending home sales soften, still on record pace

New pending sales were down in August, but not by much. There were 962 new contracts (pending sales) at the end of the month – down from 980 in July.…
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Our housing market seems to have limitless energy

BY KRISTI BAILEY Our housing market is a lot like the Energizer Bunny. You have seen the commercials. They feature a pink drum-beating bunny with limitless energy.  Homes sales –…
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NE TN home sales, prices continue increasing

Northeast Tennessee’s housing market continued its robust recovery for the initial COVID-19 economic shock in August. Home sales were up 9.4%, and the average sales price was an 8 %…
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Tri-Cities commercial real estate market better than what the data shows

August was the best month so far this year for Tri-Cities commercial real estate (CRE) transactions. Web traffic to local listings was also at a 2020 high. But, the number…
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Tri-Cities commercial real estate has best month so far this year

  August was the best month for Tri-Cities area commercial real estate (CRE) so far this year. The transactions total equaled last August’s performance, and listing traffic was at its…
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Six reasons why now is a good time to sell

By KRISTI BAILEY It is ironic that during a pandemic and when the economy is in a recession, it’s one of the best times in years to sell a home.…
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Safety tips for sellers

By KRISTI BAILEY Real estate can be a rewarding and enjoyable career, but it is a high-risk profession. Many real estate professionals find themselves in situations that put them in…
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July was the strongest month for pending sales in 5 years

By KRISTI BAILEY Low-interest rates and high consumer demand sent Northeast Tennessee home sales soaring in June and July, and a forward-looking indicator says it is not over yet. July…
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July pending home sales set new area high point

New pending sales set another high point for the NE Tennessee housing market in July. There were 980 new contracts (pending sales) at the end of the month – up…
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How has record low inventory affected housing affordability

By KRISTI BAILEY “The only thing holding back the local housing market is inventory.” Sound familiar? The issue crept into housing market reports about two years ago. Back in 2016,…
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What’s the biggest threat to your home?

By KRISTI BAILEY Last weeks tremors from the earthquake centered in North Carolina got me thinking about things that threaten our homes. With earthquakes happening only a couple time a…
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NE Tenn. home sales continue robust pace in July

Northeast Tennessee home sales increased 11% in July, and the average sales price was up 7.5%. There were 818 resale closings in July, 81 more than July last year. The…
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Tri-Cities area commercial real estate market perks up in July

Tri-Cities commercial real estate (CRE) began looking a little more like the residential market in July. Transactions increased. Listing sank to a seven-month low. And consumer activity increased. But when…
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Would you make an offer without seeing the home? It’s happening

By KRISTI BAILEY Five months ago, getting a sign-unseen offer for an existing home listing was a rarity. So were buyers waiving contingencies to sweeten their offers.  And what about…
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COVID-19 added to what buyers want in a new home

By KRISTI BAILEY There’s no such thing as the lazy, hazy days of summer in real estate. At least not this year, thanks to COVID-19.  Shelter-at-home curbed the traditional spring…
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It’s a great time to be a seller, but…

By KRISTI BAILEY It’s a fabulous time to be a seller. Interest rates have never been lower. That balances some of the price increases because lower mortgage rates mean a…
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June NE Tenn. pending home sales stay on a hot market pace

New pending sales increased in June. It was a small increase from May’s total, but it was a clear signal the market is not cooling off. There were 889 new…
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A home buyer tool kit for today’s hot housing market

By KRISTI BAILEY The housing market pivot from the brief coronavirus sales lull arrived with a bang in June. It was the best single month for closings, and the average…
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NE Tenn. June home sales, average price sets new records

Northeast Tennessee home sales roared back into record territory in June. Closings on residential resales were 40.9% better than May and up 9.9% from June last year. The average sales…
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Price per sq. ft. is tricky home value territory

By KRISTI BAILEY There is no arguing that navigating today’s real estate market is complicated. So, it’s easy to see why buyers and sellers are always looking for solutions that…
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Mid-year Tri-Cities commercial real estate transactions down 22.5%

Unlike its residential cousin, commercial real estate (CRE) isn’t seeing an early and robust rebound from the initial economic Covid-19 pandemic shock. Total transactions for the first half of this…
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The smart money favors buying instead of renting – even in the current market

By KRISTI BAILEY Have you ever heard someone say they rent because they don’t want to be saddled with a mortgage in these uncertain economic times? Step back and think…
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Home sales, homeownership play major role in local economy

By KRISTI BAILEY It’s almost time to tie a bow on June’s observance of Homeownership Month. Throughout the month, local and national real estate professionals have focused volunteer and information…
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NE Tenn. new pending home sales increase for May

As new pending sales for the local market rose in May, experts anticipate more significant growth in June and July.  There were 881 new contracts at the end of the…
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Local home sales pivoting to a recovery phase

By KRISTI BAILEY Northeast Tennessee’s home sales continued to struggle in May, but indicators point toward a pivot to a recovery phase. There were more closing than there were in…
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May home sales bounce from April’s total, down 21.7% from last year

May’s home sales made a slight bounce from April but continue to be gripped by the coronavirus economic fallout. There were 569 closings in May, up 4.7% from April, and…
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NE TN home sales beginning to bounce back

It looks like NE Tennessee housing sales are already beginning to bounce back from its COVID-19 slowdown. Nationwide, applications for purchase mortgages gained for the seventh straight week, according to…
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Karen Jenkins Story

I’ve always been one to give of my time to others. As far back as high school when many of the scholarships I received were because of my community service,…
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2019 Award Recipients

REALTOR® of the Year The REALTOR® of the Year must meet all of the qualifications of the REALTOR® of Distinction plus have a high level of involvement with Tennessee REALTORS®…
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Owning a home is cornerstone of the American Dream

By KRISTI BAILEY There is an ongoing debate in one corner of the policymaking world about re-evaluating the role of homeownership in the American Dream. It is an extension of…
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Tri-Cities commercial real estate transactions struggle with COVID-19 economic fall out

Tri-Cities commercial real estate (CRE) transactions continued laboring with the economic fallout of COVIX-19 in May. The short-term numbers are about what you would expect. May sales were down 40%…
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Peak buying selling season pushed from spring to summer

By KRISTI BAILEY The buzz in the real estate industry is Coronavirus has shifted this year’s peak spring buying and selling season to the summer. Local indicators are pointing that…
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New pending home sales softening

New pending sales declined in April as the local market reacted to the economic fallout from the coronavirus pandemic. There were 688 new contracts (pending sales) at the end of…
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How to make the best purchase offer in a seller’s market

You’ve worked with a REALTOR® to scour the listings, toured what feels like a million listings, and finally found it: the house you want to call home. The next step is…
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Realtor®-Client relationship more critical now than ever

By KRISTI BAILEY During these chaotic times, the single most crucial thing anyone planning to buy or sell real estate can do is to partner with the right REALTOR®.   Media…
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April home sales down 17.9%; sales price up 14.9%

In April, home sales were down by 17.9% in Northeast Tennessee. However, home prices increased by almost an equal percentage. According to the Northeast Tennessee Association of Realtors (NETAR), 543…
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The who, what, when and why of a home inspection

Homeowners who want to sell must give buyers a disclosure of the property’s known defects. Unless the buyer agrees to buy the property “as is,” one of the steps is…
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Realtors® Report That 77% of Potential Home Sellers are Preparing to Sell Following End of Stay-At-Home Orders

WASHINGTON (May 7, 2020) – More than 3 in 4 potential sellers – 77% – are preparing to sell their homes following the end of stay-at-home orders, with half completing do-it-yourself home…
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Days on Market a housing marketing tool and a market indicator

The Days on Market (DOM) metric that’s typically at the bottom of the Northeast Tennessee Association of REALTORS® (NETAR) Trends Report is more than just a data point. It’s a…
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Mortgage forbearance – the good and the not so good

There are so many housing market hot topics these days that you need a helicopter to say above them. One that’s of interest to homeowners and real estate professionals is…
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New pending home sales see a small increase in March

The economic fallout from the coronavirus pandemic did not have much effect on new contracts for residential resales in March. There were 798 new contracts (pending sales) at the end…
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How to take the pulse of the housing market

The March housing numbers didn’t follow suit with the early coronavirus pandemic drama from other parts of the economy. In fact, sales and prices were pretty much what was expected.…
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A Quarter of Realtors® This Week Report Homes Coming Under Contract Without Buyers First Visiting the Property

WASHINGTON (April 16, 2020) – A quarter of Realtors® with clients putting contracts on homes this week had at least one do so without physically seeing the property, according to a…
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March home sales down 8.4%; first-quarter sales up 1.1%

Tri-Cities home sales were down 8.4% from March last year and up 1.1% from the first quarter of 2019, according to the Northeast Tennessee Association of Realtors. There were 568…
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Each April REALTORS® reaffirm their commitment to the Fair Housing Act

This year’s observance of Fair Housing Month is not happening as planned. Consumers and real estate professionals are currently preoccupied with making the best of the situation we are in…
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With a Spring Real Estate Slowdown Expected, NAR Survey Finds Many Realtors® Hopeful for Post-Pandemic Market Rebound

WASHINGTON (April 9, 2020) – With an expected slowdown in spring real estate business activity, many Realtors® remain hopeful for a post-pandemic market rebound, according to a new survey from the…
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Realtors are innovative, redefining how real estate gets done

It is definitely not business as usual, but REALTORS® are innovative. They are adapting to representing clients during these upside-down times. With current safer-at-home orders and other COIVID-19 driven situations,…
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Housing market sails into uncharted waters

You can depend on COVID-19 pushing the local prime home buying and selling season onto uncharted waters this year.  In the short-term, you can rely on housing and economic data…
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Real estate and the coronavirus – take a deep breath, stay focused

Coronavirus is the housing market disrupter that no one could have seen coming.  And it arrived hand-in-hand with the first look at February’s Northeast Tennessee Association of Realtors® (NETAR) market…
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NAR Survey Finds Nearly Half of Realtors® Say Home Buyer Interest Has Decreased Due to the Coronavirus Outbreak

WASHINGTON (March 19, 2020) – Nearly half of Realtors® – 48% – said home buyer interest has decreased due to the coronavirus outbreak, according to a new survey from the National Association of Realtors®.…
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Pending home sales cancellation rate may increase

There were about 1000 approved contracts for residential resales awaiting approval at the end of February, according to the Northeast Tennessee Association of Realtors’ (NETAR) latest report. Those contracts were…
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Tri-Cities Commercial Real Estate sales, leases, permits up – volumes down

It wasn’t the best year. But it wasn’t the worst. When you look at the data, 2019 was an OK year for the Tri-Cities Commercial Real Estate (CRE). Sales, leases,…
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Here’s why foreclosure buyers need a buyer’s agent

There was a time when the first words a REALTOR® would hear from a new client was, “What kind of foreclosures are there out there?” Those days are gone, but…
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COVID 19 Information *UPDATED FREQUENTLY*

As the coronavirus remains a growing concern in the U.S. and in Tennessee, our leadership would like to assure you that we are prepared, and that we are keeping a…
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Tri-Cities home sales take a breather

February Tri-Cities’ home sales took a breather from the double-digit increase we saw in January with 30 fewer closings. “Don’t read too much into that,” said Northeast Tennessee Association of…
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Listing price strategy takes on new importance

The initial listing price of a property is one of the single most essential items in a successful real estate transaction, and it does not matter if the market is…
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Low mortgage rates, tight inventory pressures selling strategy

EDITOR’S NOTE – The rate droped to 3.45 percent after this item was written. Do not look for mortgage rates to be a big home sales driver this year. Even…
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Pending home sales trend posts double-digit gain

The Tri-Cities pending homes sales trend posted a double-digit gain over January 2019, according to the Northeast Tennessee Association of Realtors (NETAR) Pending Sales Report. Pending sales are a leading…
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January home sales post double-digit gains

The local housing market started 2020 the same way it ended 2019 – with a bang. January resales were up 16.5%, and there was a tidy 3.3% sales price appreciation.…
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Tri-Cities housing market begins the year with a double-digit sales increase

The Tri-Cities area home sales were up 16.5% in January. The average residential resale price had a 3.3% improvement.   “This is a promising walk-up to the 2020 prime buying and…
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There’s no substitute for partnering with the right Realtor®

The single most important thing anyone planning to buy or sell real estate this year can do is to partner with the right REALTOR®.  All the signs point to a market…
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A flipped home can be great find or a money pit

Unless you are a cash buyer, there is no way around the fact that things can be tough in today’s housing market – especially if you are a first-time buyer…
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Housing market metrics signal, “Now is an excellent time to sell!”

Mortgage rates fell to their lowest point in three months at the end of January, and we are only one-quarter of a percentage point above the all-time low. According to…
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Pending home sales increase for a 2020 sellers’ market

Tri-Cities pending homes sales posted a small increase over November’s total while year-over-year and the moving average trend surged, according to the Northeast Tennessee Association of REALTORS® (NETAR) latest report.…
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Home sales study says single-women tend to buy high and sell low

The folks who specialize in marketing and demographics will tell you women are the principal spending influencers, and that will only increase in the future. Women outnumber men in college…
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2019 was another record-setting year for the local housing market

Wow! That’s the first impression when you look at what the Tri-Cities area housing market did in 2019.  Here are just a few of the milestones. It saw the best annual…
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December home sales lift 2019 housing market to new highs

December was a strong month for the Tri-Cities region’s housing market, and it lifted annual sales and prices to new highs. Kristi Bailey, NETAR 2020 President, said 2019 saw several…
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November pending home sales trend increases despite lagging inventory

Tri-Cities pending homes sales posted an 8.9% seasonal decline November after increased in October, according to the Northeast Tennessee Association of Realtors’ (NETAR) latest report. The year-over-year contract signing short-term trend…
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