Posts by Don Fenley
Market Pulse – Townhome-Condo Segment Has Best Market Gain
The townhome-condo housing market segment was the property type with the largest gains in April. Prices were up 13.3% with the $150K-$250K price range selling the quickest as first-time buyers,…
Read MoreMove-up, luxury markets push April pending home sales higher
The Tri-Cities area housing market continues a slow, steady gain as it moves into the second quarter. The Pending Sales Index, which benchmark to a pre-pandemic level, is up 8.9%.…
Read MoreMARKET PULSE – Local home equity performance tops TN and US levels
Although housing affordability and accessibility remains challenging, the first quarter equity status of outstanding mortgages testify to wealth production in today’s local market. The equity positions of Tri-Cities area mortgaged…
Read MoreApril Regional Market Analytics
MARKET PULSE – Inventory continues snail’s pace improvements
There were 1,440 active listings in the Tri-Cities region in April. That’s a 7% improvement over April 2023 and 47% better than it was when invitatory bottomed out in 2021.…
Read MoreMARKET PULSE – Population count shows more births, fewer deaths
There was a subtle, but significant, change in the Census Bureau’s latest local population estimates. It wasn’t so much about the Tri-Cities region’s growth rate. As expected, nine of the…
Read MoreMarket Pulse – Mortgage-Fee Properties Give Local Economy A Cushion
Although real estate’s contribution to the overall Tri-Cities area economy has flagged from the early post-pandemic years, it still accounts for about 16% of the local economy. During the first…
Read MorePending home sales up 15% on more high-end contracts
Pending sales jumped 15.1% in March on a 113.3% increases in the number of new contracts in the top bracket of the move-up market. Although demand – as monitored by…
Read MoreLocal housing affordability gains ground
Local housing affordability has made its best gains in a year on the Atlanta Federal Reserve Bank’s Homeownership Tracker. The monitor is a little different from some of the more…
Read MoreMARKET PULSE – New home sales up, average price down
Unlike the existing home market that’s slogging into prime season with a 17% sales increase, new construction sales are booming. So far this year sales are double what they were…
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