Posts by Don Fenley
Inventory watchers keep tabs on the pending sales – new listings dance
Doing a daily check on Flex does the trick. But it is monotonous. And since inventory is dynamic, it is constantly changes. Here’s a market watcher tactic. Track the dance…
Read MoreTri-Cities home prices up, sales tumble to pre-pandemic level
GRAY, TN – Tri-Cities home prices defied predictions of big reductions in January while sales tumbled to pre-pandemic levels. “December’s pending sales signaled another dip and that’s exactly what we’re…
Read MoreMeeting the challenge first-time buyers face this year
Higher home prices, bigger monthly mortgages because of higher mortgage rates, tougher lending standards, and a squeaky tight homes inventory are paving a bumpy road for first-time buyers this year. …
Read MoreVacant land sales decline
There were 2,400 vacant land sales in the Tri-Cities region last year, down 299 from the previous year. The softer market came on the heels of two years of rapid…
Read MoreThe slow train to more inventory
Location, location, location is still dominant in real estate jargon. But inventory, inventory, inventory is right up there with it. Tri-Cities home sales declined for the first time in a…
Read MoreTri-Cities area pending home sales drop to 5-year low
Tri-Cities area pending sales fell to a five-year low in December. Sellers accepted 421 new contracts, down 184 from November and 236 fewer than in December last year – a…
Read MoreTri-Cities area high-end, luxury home market growing
GRAY, Tenn. – Tri-Cities home sales declined for the first time in a decade last year. But the living large in the Tri trend still has legs. Here’s a brief…
Read More2022 was another banner year for multi-family sales
GRAY, Tenn. – Last year was the year for multi-family sales in the Tri-Cities area. They replaced the office sector as the top area commercial real estate performer, according to…
Read MoreMarket watchers will need extra data tools this year
There was a time when real estate market watchers could keep tabs on the time a home spent on the market before selling and the monthly pending sales report and…
Read MoreDecember home sales down 38%, prices up 4.6%
GRAY, Tenn.–Tri-Cities area home sales continued a six-month decline in December while prices remained plateaued near record highs. December’s report mirrors the annual market picture. Rapid mortgage rate increases that…
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