Posts by Don Fenley
Sellers increase listing prices again in July
Homeowners continued increasing their listing price for the seventh straight month in July. The only sign of them yielding to a slower market is the rate that they’re upping the…
Read MoreLocal home price reality check
There’s a simple answer to the frequently asked question: “When are home prices coming down?” The answer is: When demand goes down. Despite what you read in the mass media,…
Read MoreTri-Cities area pending home sales down 10%
Local pending homes declined for the third straight month in June. Sellers accepted 851 new contracts, down 27 from May and 10% fewer than June last year. Pending sales are a…
Read MoreCash sales increased in June; VA loan sales claim highest price
There were slight shifts in how existing homes were sold last month in NETAR’s primary region, which includes Carter, Greene, Hawkins, Johnson, Sullivan, Unicoi, and Washington Co. Tenn. VA loans…
Read MoreCommercial real estate posts solid mid-year gains
June’s commercial real estate transactions were down from May’s total while posting strong (up 50%) year-over-year and six-month trend gains. The local mid-year growth rate is 13.4% better than the…
Read More61.3% of June condo sales were cash deals
Everyone knows cash is king in the existing home sales market. But it was king on steroids in June’s local condo market. A little more than six out of every…
Read MoreLocal sellers continue increasing listing prices
Tri-Cities area home sellers haven’t signed onto the reducing prices trend that is beginning to get a lot of media attention. That doesn’t mean there are no local examples of…
Read MoreJune home prices back off all-time high, sales perk up
June’s typical home sale price backed-off May’s all-time high, but not by much. At the same time, closings perked up from the previous month. “Almost all six-month trend metrics are…
Read MoreVacant land sales take a breather; sales, new listings, inventory down
Vacant land sales are showing signs of slowing. Sales listed on NETAR’s Commercial Multiple Listing Service (CMLS) were barely equal to those during the first five months of last year,…
Read MoreCash sales decline; many were for lower-priced homes
Cash sales have accounted for about one of every three local existing home sales since the first of the year. They have also been credited with driving up local home…
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