Posts by Don Fenley
Dec. 2023, Year-End Housing Analytics
MARKET PULSE – Are new residents shifting into slower-growth mode?
The U-Haul Growth Index has been welcome news in the Tri-Cities since the pandemic. That was especially true in 2020, when the Tri-Cities area was at the top of state…
Read MoreMarket Pulse – Lower Mortgage Rate May Nudge 10,000 Locals To Re-enter Housing Market
Housing analysts expect 10,408 Tri-Cities area residents will return to the market if mortgage rates settle at 6.5% in 2024. The two included charts from the National Association of Realtors…
Read MorePending sales increase 8% – affordable, move-up, luxury markets up
Pending sales were up 8% from Nov. last year following a 1% increase in Oct. The Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index, which benchmarks the market to…
Read MoreMARKET PULSE – Condo sales inch up, prices decline
Condos barely held onto a sales upswing in November while prices continued falling from their September peak. According to the Northeast Tennessee Association of Realtors (NETAR), there were 29 sales…
Read More$3.6 million cash sale tops Nov. luxury market
The top of November’s luxury existing home market was a $3.6 million cash sale in Johnson Co. Seven other million-dollar closings nudged the year-to-date total to 44, according to the…
Read MoreHome sales decline settles, prices down
The downward arch of area home sales eased in November while prices declined for the second straight month. There were 600 closing in the Northeast Tennessee Association of Realtors (NETAR)…
Read MoreNov. 2023 Housing Market Analytics
Cash Isn’t The King It Used To Be
Once upon a time, cash sales accounted for half – or more – of the Tri-Cities area single-family existing home sales. Despite the “once upon a time” intro, it’s no…
Read MoreLiving large in Tri-Cities area housing market on the upswing
Million dollar-plus sales lag last year’s total, but the top-end of the existing residential market isn’t suffering. The same goes for the $500K and up luxury market, which has picked…
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