Posts by Don Fenley
Top earners turning to renting instead of buying
GRAY, TENN. – NE Tennessee’s multi-family housing sector has equaled and, in some cases, exceeded demand in the single-family market. Some research by the Wall Street Journal adds some context…
Read MoreNE Tenn. Pending Homes Sales Up 16%
GRAY, TN – Pending homes sales make their second straight double-digit increase in February and there was a significant decrease in the time properties spend on the market before closings.…
Read MoreInvestors keep local commercial real estate market buzzing
GRAY, TN – February was the second straight month commercial transactions have been stagnant when compared to last year. But there’s background activity that the public never sees or hears…
Read MoreDiscounting shows today’s housing market is kinder to buyers
While the Northeast Tennessee region has seen a slight improvement in active housing inventory, the months of inventory metric is stubbornly stuck in the 1.6 to 1.7 months range. It’s…
Read MoreHome sales, prices shrug off winter doldrums
GRAY, TN – The Tri-Cities housing market began shrugging off its winter doldrums in February. Sales reversed a seven-month decline and prices perked up after an eight-month stagnant stretch. “Sales…
Read MoreFED homeownership monitor rates Tri-Cities ‘unaffordable’
The Tri-Cities in tip-toeing into what’s beginning to look like a softer prime home buying and selling season without its status as an affordable housing market. According to the Atlanta…
Read MoreSpring inventory arriving at a snail’s pace
GRAY, TN – Have you ever heard the saying, “you can’t sell out of an empty wagon?” It’s a reality local real estate professionals have struggled with for a little…
Read MoreTri-Cities Area Pending Home Sales Up 36.6%
GRAY, TN – The groundhog predicted another six weeks of winter before spring, but the housing market is sending an opposite prediction. January’s new contracts for existing single-family home and…
Read MoreAdd demographics to the marketing toolbox
The scribes at the Wall Street Journal are typically quick to grab a data factoid for a brief update on who we are, what we’re doing, and how things are…
Read MoreCommercial transactions down, interest in area remains strong
GRAY, TN – Commercial Realtors report they are busy – some busier than last year – while transactions in the Tri-Cities area got off to a slow 2023 start. Completed…
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