Posts by Don Fenley
MARKET PULSE – Home Prices Up; It’s a Busy Spring Market
The Tri-Cities is at the peak of the spring housing market, and despite what you may have read the market isn’t being driven by home values posting their biggest drop…
Read MoreJohnson City Retail Space Remains Landlord-Tight
The Johnson City metro area remains one of the tightest commercial retail space markets around. The metro area’s vacancy rate is holding at 2.4%, which is well under half of…
Read MoreKingsport-Bristol Apartment Market Cools Off
The apartment market in Kingsport-Bristol is on a similar track to what’s happening in the Johnson City metro area. After years of higher rents and increasing demand, the market is…
Read MoreJohnson City Apartment Rents Cool
Johnson City is a healthy market, but it is no longer the standout it was. Multifamily vacancies have increased to 6.1% from 3.6% this time last year. The metro is…
Read MoreKingsport-Bristol retail stays tight even as space comes back
So far this year, Kingsport-Bristol retail vacancy held at 4.0%, up from 2.4% a year earlier but still below the national rate. Rents kept rising 2.5%, and a surge in…
Read MoreMARKET PULSE: Tri-Cities Housing, More Homes, Same Fast Market
April brought good news for the Tri-Cities housing market. Buyers got more choices, but not enough to tip the scales. Expect a tight, fast-moving market through early summer. The real…
Read MoreJohnson City office market stays tight as the nation digs out
Office vacancy in the Johnson City MSA held at 2.3% so far this year. It’s roughly 15 percentage points below the national rate. The local market never fell into the…
Read MoreEast Tennessee Housing Market Snapshot
The Northeast Tennessee housing market continued to hold its affordability advantage while posting one of the stronger growth rates in East Tennessee. The region recorded 761 home sales, up 12.6%…
Read MoreMARKET PULSE – $1 Million Plus Sales Post Strong Rebound
The Tri-Cities luxury market recorded nine $1 million plus sales in April. It was a big reversal from the sales volume in March and April a year ago. There were…
Read MoreApril Tri-Cities Pending Home Sale up 12.2%
The Tri-Cities real estate market is heating up. The Northeast Tennessee Association of Realtors (NETAR) forward-looking indicator that’s based on contract signing rose 12.2% in April. There were 918 new…
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