Posts by Don Fenley
Condo/townhome sellers see 20% price gain
The highest mortgage rate in years, a stubborn inventory shortage, higher home prices, and higher rents continue stimulating the new and existing condos/ townhomes market. A typical condo owner who…
Read MorePending sales up 1%; Luxury market contracts double
GRAY – October was a month for small gains in the local housing market everywhere except the luxury market where pending sales doubled. New listings in the move-up market are…
Read MoreHeadwinds blunt commercial real estate transactions
Early fourth quarter commercial real estate transactions typically signal the close the year and a preview for the coming year’s strong start. But not this year. The region is engulfed…
Read MoreLocal high-end home sales contradict down market trend
Existing home sales in the $500K and up price ranges have become a market contradiction in the latter half of this year. While the overall market is headed to pre-pandemic…
Read MoreHigh-end buyers propping up housing market
GRAY, TN – High-end buyers are propping up the Tri-Cities area housing market as higher mortgage rates have pushed an increasing number of borrowers to the sidelines. Sales in the $500K…
Read MoreOctober county – community markets
Strip Malls Don’t Fly Under The Retail Radar Anymore
Strip malls used to fly under the retail radar. Most of the attention focused on open-air malls and the dismal performance of enclosed malls. But that was then and now…
Read MoreAssumable loans increasing – not here so far
GRAY – While monthly existing home sales continue retreating to pre-pandemic levels, the share of mortgage types has not significantly changed. That doesn’t conform to national reports of the number…
Read MoreGrowth gives local commercial real estate new vibe
Growth is giving much of NE Tenn. and SW Va. a new look. While it’s more defined in some areas than others, there’s no mistaking the change. Some are almost…
Read MoreHome sales profit margins up $23,000
The typical profit on Tri-Cities area single-family existing home and condo sales is up $23,000 (10%) from the first three quarters of last year and trending toward the fourth best…
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