Posts by Don Fenley
MARKET PULSE – Builders continue selling smaller new home for more money
New construction home sales in the area monitor by the Northeast Tennessee Association of Realtors (NETAR) were up 28.6% in August. And the size of those homes continued its downward…
Read MoreMARKET PULSE – Data affirms it’s a bipolar housing market
One of the most asked questions about housing these days is about direction. Are sales and prices set to say in the swoon mode, or has more inventory and lower…
Read MoreMARKET PULSE – Housing Affordability Has Taken a Hit, But…
The affordable housing struggle has and continues to cloud a significant point. During the 12 months ending in mid August, 65% of all the homes sold in the Tri-Cities region…
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 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 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 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 MoreMARKET PULSE – New home sales up, prices down
New homes sold during the first half of this year were up by 41%, and the sales price was down 3.7% from last year. At the end of June 383…
Read MoreJune pending home sales flat
June’s pending sales were flat on the heels of a 20% decline in home sales. Sellers accepted 796 new contracts, one fewer than the previous month, and 42 more than…
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