Posts by Don Fenley
Local commercial estate expected to do well despite higher interest rates
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…
Read MoreRents skyrocket – apartments a hot commercial property asset
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…
Read MoreMarch home sales up 36%, another double-digit price increase
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…
Read MoreWhich homes sold above and below list price by loan source
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…
Read MoreRemodeling: New Hardwood Floors and Home Offices Bring Most Joy
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…
Read MoreHow 2021 population, housing growth rates compare
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…
Read MoreHere’s what local data says about foreclosure market
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,…
Read MoreTownhomes getting more consumer, builder notice
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…
Read MoreFeb. pending home sales reverse 5-month decline
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…
Read MoreFeb. was soft month for commercial real estate transactions
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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