Posts by Don Fenley
Tri-Cities area pending home sales drop to 5-year low
Tri-Cities area pending sales fell to a five-year low in December. Sellers accepted 421 new contracts, down 184 from November and 236 fewer than in December last year – a…
Read MoreTri-Cities area high-end, luxury home market growing
GRAY, Tenn. – Tri-Cities home sales declined for the first time in a decade last year. But the living large in the Tri trend still has legs. Here’s a brief…
Read More2022 was another banner year for multi-family sales
GRAY, Tenn. – Last year was the year for multi-family sales in the Tri-Cities area. They replaced the office sector as the top area commercial real estate performer, according to…
Read MoreMarket watchers will need extra data tools this year
There was a time when real estate market watchers could keep tabs on the time a home spent on the market before selling and the monthly pending sales report and…
Read MoreDecember home sales down 38%, prices up 4.6%
GRAY, Tenn.–Tri-Cities area home sales continued a six-month decline in December while prices remained plateaued near record highs. December’s report mirrors the annual market picture. Rapid mortgage rate increases that…
Read MoreWashington, Hawkins counties’ real estate were standouts coming out of pandemic
GRAY, Tenn. – Here’s a benchmarking look back at how the local real estate industry’s GDP looked coming out of the pandemic. GDP is the industry’s total economic output. The…
Read MoreTri-Cities pending sales continue declining in November
GRAY, Tenn. – Tri-Cities area pending sales continued falling in November. Sellers accepted 605 new contracts, down 81 from October and 171 fewer than November last year, for a 22%…
Read MoreTri-Cities vacant land market slower, not in correction mode
Tri-Cities vacant land sales are looking a lot like a market in a typical seasonal pattern. It’s not that much different from other real estate market elements like residential resales…
Read MoreTri-Cities area commercial real estate transaction trend down 32%
GRAY, Tenn. – Commercial estate transactions for the first 11 months of this year have slowed in the face of rising inflation, household income squeezes, and geopolitical events. It was…
Read MoreLocal high-end homes sales picking up activity
It’s always interesting to compare the region’s high-end housing to the rest of the market’s performance. November wasn’t an exception because the high-enders are picking up activity as we near…
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