Posts by Don Fenley
Where are the single-family rentals? Why are landlords selling?
GRAY, Tenn. – During a time when demand for single-family rentals has outstripped supply, it seems counterintuitive that owners would dump their rentals. But according to courthouse records, that’s what’s…
Read MoreSluggish land sales market starts to pick up
The regional vacant land sales market has been sluggish so far this year. But the Northeast Tennessee Association of Realtors (NETAR) market tracker shows sales are picking up. The most…
Read MoreJohnson City snares $500K hot-spot status, but…
GRAY – Everyone knows Johnson City is the region’s top housing market. That’s a fact. But last month its 82 sales were second place to the 95 in Kingsport. Where…
Read MoreApril Pending Sales Increase – Prices Pick Up Momentum
GRAY, TN – April’s pending sales increased as the market slogged into the prime home buying and selling season. Last month they stood at an eight-month high after sellers accepted…
Read MoreLocal commercial real estate weathering economy’s volatility
GRAY – Despite a transactions slump, concerns over bank reactions to stress from a spat of bank failures, and inflation fears the local commercial real estate outlook is positive. Here’s the…
Read MoreAffordable housing isn’t another term for government help
Despite some common public opinion, affordable housing is not another name for government assistance. The two primary formulas to gauge affordability are the financial model and the percentage of income…
Read MoreLocal home sales decline, prices increase
GRAY – The 2023 Housing Market Restructuring continued in April with fewer local home sales and prices inching higher. “The market is performing much the same it has for months,”…
Read MoreGuard against shoddy work on home flips, restorations
Flipped homes are an important part of the local housing market. They account for about 10% of existing home sales and half of them are always in the affordable and…
Read MoreVeterans and VA loans a big part of the housing market
GRAY – Home owners like fast, uncomplicated closings. Frequently they back away from VA loans because they believe deals are risker and a pain in the process. According to mortgage…
Read MoreMost cash sales are $100K or less deals
Anecdotes about cash-flush, out-of-town buyers snapping up local homes are so common some think they are the norm and one of the reasons local home prices have increased so much. …
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