Posts by Don Fenley
Assumable loans increasing – not here so far
GRAY – While monthly existing home sales continue retreating to pre-pandemic levels, the share of mortgage types has not significantly changed. That doesn’t conform to national reports of the number…
Read MoreGrowth gives local commercial real estate new vibe
Growth is giving much of NE Tenn. and SW Va. a new look. While it’s more defined in some areas than others, there’s no mistaking the change. Some are almost…
Read MoreHome sales profit margins up $23,000
The typical profit on Tri-Cities area single-family existing home and condo sales is up $23,000 (10%) from the first three quarters of last year and trending toward the fourth best…
Read MoreSept. pending home sales plunge 14%
GRAY, TN – Rising mortgage rates and low inventory combined with seasonality to push September’s pending home sales down 14 percent. The effect will be a continuation of existing-home sales…
Read MoreLong view shows sales marching toward pre-pandemic level
The NE TN – SW VA single-family existing housing market is weathering the throes of record-high mortgage rates, persistent inventory shortage, inflation, and higher prices without huge upsets. That stability…
Read MoreHow long will this last?
Buyers, sellers, and investors want to know how long the current housing market logjam will last. Unfortunately, there’s no single simple answer. There’s too many moving parts. Typically, a housing…
Read MoreSept. home sales continue decline, prices stable
The local housing market stayed fast with the trend of fewer sales and price stability in September. It was also a month with outliers rendering some eye-popping monthly price numbers.…
Read MoreSeptember 2023 Market Analytics
Condo market outperforming single-family sales, prices
Condo sales are a minor part of the local housing market, but things are changing. During August, the condo/townhome market’s sales and prices outperformed the single-family market. August isn’t a…
Read MoreRental 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…
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