Posts by Don Fenley
Cash deals, seller discounts, and over-list-price sales
GRAY, Tenn. – Cash deals accounted for 34% of August’s existing home sales because the number of total sales declined. Cash sales have ranged from 262 to 265 for the…
Read MoreTri-Cities’ hot housing market shows some cracks
GRAY, Tenn. – The Tri-Cities area’s red-hot housing market is beginning to show cracks. August sales were down from last year, and the sales price increased. But the trend is…
Read MoreRental market steps up its Tri-Cities area game
GRAY, Tenn. – A new analysis from Attom Data Solutions shows the average vacancy rate for single-family rentals in the Tri-Cities area – including Greeneville – is 2.6%. The news…
Read MoreVacant land sales take a breather; still double pre-pandemic levels
Vacant land sales are taking a respite from last year’s frantic pace. But that doesn’t mean it’s a down market. Demand has steadily grown during the past three years. Much…
Read MoreInventory, inventory, inventory is a market stabilization key
Inventory will be the key metric for market stabilization in the coming months. So far this year, active inventory has gained every month since April. New listings are also picking…
Read MoreTri-Cities area pending home sales reverse downward trend
GRAY- Tenn. – Tri-Cities area pending homes perked up in July after three months of decline. Sellers accepted 888 new contracts. That’s 10 more than June and 64 fewer than…
Read MoreInventory, inventory, inventory is a market stabilization key
Inventory will be the key metric for market stabilization in the coming months. So far this year, active inventory has gained every month since April. New listings are also picking…
Read MoreMulti-family sales heat up commercial market
GRAY, Tenn. – Tri-Cities commercial real estate transactions were almost 11 percent better than the first seven months last year. July’s sales and leases were the same volume as July…
Read MoreLocal homeowners see dramatic equity gains
GRAY, Tenn. – Remember hearing that a mortgage is a lot like a forced savings account that will make homeowners rich over time? There were a lot of Tri-Cities homeowners…
Read MoreTri-Cities area home prices continue climbing, sales down
GRAY, Tenn. – July’s Tri-Cities area home sales were down from last year while prices continued their roller-coaster ride. One example of that ride is the Piney Flats average existing…
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