Posts by Don Fenley
Home sales down, prices up from last year
GRAY, Tenn. – Tri-Cities area home sales were down for the fifth straight month in November. The price growth rate slowing also continued but not enough to cause a decline.…
Read MoreHousing inventory takes on new significance
GRAY, Tenn. – The Tri-Cities housing market is in an anxious state of equilibrium as it trudges through the last two months of the year. Mortgage rates have doubled with…
Read MoreLocal condo sales slow, prices increase
Local condo sales are slowing the same way single-family sales are slowing. And – just like their single-family cousins, condo prices have increased. During the first 10 months of this…
Read MoreHousing market declining or stabilizing?
GRAY, Tenn. – The housing market slowdown the media has been trumpeting for months is here. Tri-Cities home sales are down and tracking at a pre-pandemic level. All the signposts…
Read MorePending home sales down 28%
GRAY, Tenn. – Tri-Cities area pending sales continued declining for the sixth straight month in October. Sellers accepted 683 new contracts, down 116 from September and 272 fewer than September…
Read MoreIt’s still a sellers’ market, but buyers see more bargaining power
Buyers are regaining some bargaining power as the local housing market continues slowly readjusting. Although sellers are not reducing their original listing prices yet, many are coming off the asking…
Read MoreTri-Cities area home sales down, prices flat
GRAY, Tenn. – Spiraling mortgage rates continued squeezing Tri-Cities area home sales last month. Closings declined for the eighth straight month in October while prices were stubbornly flat. “The market…
Read MoreWhere are Tri-Cities area rentals concentrated?
GRAY, Tenn. – The undisputed highest concentration of single-family rentals in the Tri-Cities region is in Bristol, Va.’s 24201 zip code. Current data list 4,550 rentals. That’s better than half…
Read MoreInvestors having larger impact on Tri-Cities home sales
GRAY, Tenn. – Institutional investor activity in the Tri-Cities housing market has picked up to the point where there are enough sales to register on the quarterly ATTOM Data Solutions…
Read MoreThere’s more to cash home sales story than out-of-state buyers
Cash sales are the gold standard and fertile ground for local real estate urban legends. The most frequently cited antidote involves cash-rich, out-of-state buyers swooping in, overbidding locals, and driving…
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