Posts by Don Fenley
MARKET PULSE: Townhomes are Tri-Cities top housing market performer
April’s townhome market shows the growing appetite in the Tri-Cities area for low-maintenance and affordable housing. The regional townhome market outlook is showing signs of normalization faster than the rest…
Read MoreHomeownership has critical community, economic and social benefits
June is Homeownership Month, and this year’s observance is very different. We’re still adjusting from the hottest housing market in recent history. It’s a slow process and homeownership is taking…
Read MoreMARKET PULSE – New home sales down, size of homes and avg. price up
April’s Tri-Cities new home market saw the result of builders targeting move-up and luxury buyers. Sales were down. So was the median sales price. But the average sq. ft. per…
Read MoreMARKET PULSE – $1 million plus home market tightens, sellers show stronger price discipline
The Tri-Cities $1-million plus housing market is showing signs of tightening. There was one closing in April. That’s five fewer than last year. Last month’s top sale was $1.2…
Read MoreNew construction, relocation demand drives Washington Co. pending home sales up 4.7%
Pending home sales in Northeast Tennessee continued to signal resilient buyer local interest despite ongoing affordability challenges and tight inventory. The year-over-year volume has softened slightly, as has the overall…
Read MoreMARKET PULSE – Home sales hot spots – Bluff City, Blountville, Piney Flats
The Tri-Cities housing market exhibited continued modest strength in April, characterized by rising prices and an increase in consumer demand. The demand increase is not reflecting in the sales comparison…
Read MoreMARKET PULSE – April Mobile Home Prices Decline, Sales Increase
The mobile home market broke the trend line of softer sales and higher prices in April. Sales were up from last year while prices declined. Buyers had more options and…
Read MoreMARKET PULSE: Tri-Cities Q1 new home sales, prices increase; builders pulling more permits
Despite high mortgage rates, whiplash tariffs news with accompanying stock market gyrations, Tri-Cities new home sales increased 8% during the first quarter of this year. And prices are creeping up.…
Read MorePending home sales, inventory, new listing increase in March
Pending home sales, inventory, and new listing increased in March. The increases capped a lackluster start to the new year and signaled a more active prime home buying and selling…
Read MoreMARKET PULSE – $1.4 million Gray sale leads Tri-Cities robust luxury market
Flagging consumer confidence may be driving fewer home sales and softer prices in the broader housing market, but not in the Tri-Cities luxury market. First quarter $1 million plus sales…
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