Posts by Don Fenley
Tri-Cities area pending home sales reverse downward trend
GRAY- Tenn. – Tri-Cities area pending homes perked up in July after three months of decline. Sellers accepted 888 new contracts. That’s 10 more than June and 64 fewer than…
Read MoreInventory, inventory, inventory is a market stabilization key
Inventory will be the key metric for market stabilization in the coming months. So far this year, active inventory has gained every month since April. New listings are also picking…
Read MoreMulti-family sales heat up commercial market
GRAY, Tenn. – Tri-Cities commercial real estate transactions were almost 11 percent better than the first seven months last year. July’s sales and leases were the same volume as July…
Read MoreLocal homeowners see dramatic equity gains
GRAY, Tenn. – Remember hearing that a mortgage is a lot like a forced savings account that will make homeowners rich over time? There were a lot of Tri-Cities homeowners…
Read MoreTri-Cities area home prices continue climbing, sales down
GRAY, Tenn. – July’s Tri-Cities area home sales were down from last year while prices continued their roller-coaster ride. One example of that ride is the Piney Flats average existing…
Read MoreSellers increase listing prices again in July
Homeowners continued increasing their listing price for the seventh straight month in July. The only sign of them yielding to a slower market is the rate that they’re upping the…
Read MoreLocal home price reality check
There’s a simple answer to the frequently asked question: “When are home prices coming down?” The answer is: When demand goes down. Despite what you read in the mass media,…
Read MoreTri-Cities area pending home sales down 10%
Local pending homes declined for the third straight month in June. Sellers accepted 851 new contracts, down 27 from May and 10% fewer than June last year. Pending sales are a…
Read MoreCash sales increased in June; VA loan sales claim highest price
There were slight shifts in how existing homes were sold last month in NETAR’s primary region, which includes Carter, Greene, Hawkins, Johnson, Sullivan, Unicoi, and Washington Co. Tenn. VA loans…
Read MoreCommercial real estate posts solid mid-year gains
June’s commercial real estate transactions were down from May’s total while posting strong (up 50%) year-over-year and six-month trend gains. The local mid-year growth rate is 13.4% better than the…
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