Posts by Don Fenley
Sept. pending sales up 16.9%
The shock of Hurricane Helene’s devastation and a hotly congested presidential election sucked some of the oxygen out of September’s housing market on a month-over-month comparison. Pending sales were down…
Read MoreMARKET PULSE – Here’s what it cost sellers the longer a home is on the market
National Association of Realtors® (NAR) Chief Economist Lawrence Yun recently wrote in a LinkedIn post that “It’s common knowledge that the longer a property is on the market, the larger…
Read MoreReports of housing rental scams in wake of Helene
The outpouring of aid to Hurricane Helene victims is restorative to our sense of community during an era of deep divisions. The list of collection sites for any and everything…
Read MoreMARKET PULSE – New home sales flat, sales price down
Tri-Cities residents bought 60 new homes in September, one fewer than last year. The homes were more affordable because they were smaller. Builders began reducing the size of their products…
Read MoreMARKET PULSE – Home prices hit yearly high; price reductions higher
Homes sold in September saw the largest yearly price increase so far this year. At the same time, sellers made the largest list price reductions of the year, and of…
Read MoreMARKET PULSE – $2.2 million sale tops Aug. market
August’s top home sale was a $2.2 million Sullivan Co. lake house. The home features the amenities you would expect. There are four guest bedrooms and baths, and a separate,…
Read MoreMARKET PULSE – Mobile home sales down, prices make small increase
Mobile home sales were down in August while the median sales price was up. Sellers were reducing their price more than they were last year and concessions were higher. There…
Read MoreAug. pending home sales flat
August pending sales were down 0.1% from last year and the Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index settled was flat for the fourth straight month. Sellers accepted…
Read MoreMARKET PULSE – Builders continue selling smaller new home for more money
New construction home sales in the area monitor by the Northeast Tennessee Association of Realtors (NETAR) were up 28.6% in August. And the size of those homes continued its downward…
Read MoreMARKET PULSE – Data affirms it’s a bipolar housing market
One of the most asked questions about housing these days is about direction. Are sales and prices set to say in the swoon mode, or has more inventory and lower…
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