Posts by Don Fenley
Rental market is tight, but vacancy rates vary
Does anyone have or know of a rental coming on the market rental? You don’t have to look hard to find rental requests on social media. It’s also common when…
Read MoreNational firms put more pressure on local mom-and-pop firms
Here’s a trend many consumers will applaud. More national brand tenants are coming to or expanding in the Tri-Cities. And it’s a trend that is and will continue putting more…
Read MorePending home sales post small seasonal gain
The local housing market saw a small seasonal pending sales uptick last month. They’ve increased in August in four of the last six years before arching lower as the market…
Read MoreNumber of cash home sales decline
There are not nearly as many cash deals for single-family homes this year, and they lost market share for the third straight month in August. Instead of trending slightly higher…
Read MoreHome sales see small gain, prices make small dip
Small changes were the hallmark of August’s housing market. Prices dipped slightly below July’s level but were 9 percent higher than last year. Sales eked out a small monthly gain…
Read MoreAugust 2023 Market Toolkit
August 2023 City-County Market Analytics
House hacking trend alive and well in local market
House hacking isn’t just a big-city trend. It’s alive in the NE TN and SW VA region. Much of its effect is below the radar. It’s overlooked because the public…
Read MoreWould you rather have a new home or an existing home?
Buyers in today’s challenging housing market face a unique choice. Simply put, the stubborn lack of existing home inventory and stepped-up new home construction are presenting increasing examples of new…
Read MoreOdds for local home price drop not good
The housing market is in uncharted waters, and it’s throwing homebuyers for a loop. And the most recent top-down market analysis doesn’t offer much for locals. The latest wisdom: it’s…
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