Posts by Don Fenley
Affordability, inflation key to market’s year-end performance
GRAY, Tenn. – Buyers still have to contend with a sellers’ market, but their bargaining position is getting better, especially in the move-up market’s sweet spot – $300K-$399,999K. June sweet…
Read MoreMove-up market slowly moves to balanced conditions
GRAY – The NE TN – SW VA housing market is slowly moving toward balanced market conditions in the move-up market. That market segment has two price bands – $300K-$399,999…
Read MoreMay best month of this year for townhome sales
GRAY, Tenn. – Townhome/condo said has their best month of the year during May. There were 40 closings, up from 24 last year. The median sales price was $197,500. This…
Read MoreMay pending home sales take a breather
GRAY, TN – Pending sales took a breather last month after reaching a nine-month high in April. Sellers accepted 12 more contracts than the previous month and plateaued with nine…
Read MoreOne-in-three May home sales was an all-cash deal
Cash continues to account for one-in-three local existing home sales that were listed on the local Multiple Listing Service. That’s down from the all sales share in 2011 through 2014.…
Read MoreLocal commercial real estate deals in the slow lane
May was another month of pause for local commercial real estate transactions. The FED eased some economic uncertainty with its pass on what would have been the 11th straight interest…
Read MoreLocal Market Leads East TN Year-To-Date Price Performance
The local housing market didn’t have the most single-family existing home sales in the East TN metro markets in May, but its growth rate was better than the other metros.…
Read MoreMay home sales lumber into peak buying, selling season
GRAY. Tenn. – NE TN – SW VA housing market lumbered into the height of the prime home buying and selling season in May. There were more sales than during…
Read MoreWhere are the single-family rentals? Why are landlords selling?
GRAY, Tenn. – During a time when demand for single-family rentals has outstripped supply, it seems counterintuitive that owners would dump their rentals. But according to courthouse records, that’s what’s…
Read MoreSluggish land sales market starts to pick up
The regional vacant land sales market has been sluggish so far this year. But the Northeast Tennessee Association of Realtors (NETAR) market tracker shows sales are picking up. The most…
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