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Posts by Don Fenley

Local commercial estate expected to do well despite higher interest rates 

By Don Fenley | April 21, 2022

Local commercial real estate (CRE) transaction activity was slightly higher than February and down 20% from March last year. First-quarter activity was unchanged from last year.   “Transaction activity alone is…

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Rents skyrocket – apartments a hot commercial property asset 

By Don Fenley | April 17, 2022

Local rents are increasing at a rate almost four times the inflation rate in Elizabethton to 2.5 times inflation in Kingsport, Greeneville, and Bristol. The Johnson City rate is slightly…

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 March home sales up 36%, another double-digit price increase

By Don Fenley | April 11, 2022

It’s a foregone conclusion that higher mortgage rates will eventually tap the brakes on the overheated housing market. But it hasn’t shown up on the short-term local market yet. March…

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Which homes sold above and below list price by loan source 

By Don Fenley | April 10, 2022

A change in mortgage rates always moves this market. The March increased to the 4% plus ranges, and outlooks say more are on the way, was no exception. It was…

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Remodeling: New Hardwood Floors and Home Offices Bring Most Joy

By Don Fenley | April 8, 2022

U.S. households saw homeowners and families embark on a wide variety of renovations and remodeling projects over the past year. That is according to new findings in the 2022 Remodeling Impact…

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How 2021 population, housing growth rates compare 

By Don Fenley | April 3, 2022

Last month, new Census data provided a base to compare some regional annual population gains to home sales and prices growth rates.   Only four of the counties monitored by NETAR…

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Here’s what local data says about foreclosure market 

By Don Fenley | March 27, 2022

 Are foreclosures really on the rise?  You bet they are, but not here in the Tri-Cities region.   The wave of new filings is in Chicago, New York, Los Angeles, Houston,…

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Townhomes getting more consumer, builder notice 

By Don Fenley | March 20, 2022

Rising costs are making townhomes more attractive to builders and consumers. Construction is increasing on both the U.S. and local levels. Robert Dietz, chief economist of the National Association of…

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Feb. pending home sales reverse 5-month decline

By Don Fenley | March 18, 2022

February’s pending existing home sales reversed a five-month decline and pointed to what’s shaping up as an extremely competitive, slow-growing spring home buying and selling season.   Sellers approved 726 contracts…

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Feb. was soft month for commercial real estate transactions

By Don Fenley | March 14, 2022

Commercial real estate transactions were flat last month, according to the Northeast Tennessee Association of Realtors (NETAR).  “There were seven fewer leases and sales than January and three fewer than…

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  • Local Land Sales Slowing Down, But Not Prices 
  • Local land sales slowing down, but not prices 
  • Commercial real estate reports rate local economy’s performance 
  • Pending sales down, inventory shows slight increase 
  • Strong fundamentals move local commercial market forward 

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