Posts by Don Fenley
Pending home sales up 15% on more high-end contracts
Pending sales jumped 15.1% in March on a 113.3% increases in the number of new contracts in the top bracket of the move-up market. Although demand – as monitored by…
Read MoreLocal housing affordability gains ground
Local housing affordability has made its best gains in a year on the Atlanta Federal Reserve Bank’s Homeownership Tracker. The monitor is a little different from some of the more…
Read MoreMARKET PULSE – New home sales up, average price down
Unlike the existing home market that’s slogging into prime season with a 17% sales increase, new construction sales are booming. So far this year sales are double what they were…
Read MorePending home sales up spring forward
It’s official. Spring in here, and pending home sales are perking up from January’s lackluster performance. They’re not the only thing looking up in a market seeing a lot of…
Read MoreMARKET PULSE – Inventory building for prime home sales season
Although there probably won’t be a big dip in mortgage rates for the prime home buying and selling season, the season is taking shape with guarded optimism. There are more…
Read MoreMARKET PULSE – Feb. $1 million plus sales included lots of land
There were two $1 million plus sales last month. Both were more about the land than the homes. At the same time, overall luxury home market made a strong rebound…
Read MoreHousing market perks up – Sullivan prices drop
February’s housing market perked up with wide price and sales swings as buyers and sellers jockeyed for position in the early prime buying and selling season. Regional single-family existing home…
Read MoreMARKET PULSE – Don’t overlook mobile home market demand
Mobile homes used to be the undisputed red-headed stepchild of the housing market, but that’s changing. Last year, there were 513 mobile home sales in the counties the Northeast Tennessee…
Read MoreMARKET PULSE – FHA loans gaining market share of home sales
With all the changes that have rippled through the housing market, one that is often overlooked is financing. While there are few big changes in how buyers are paying, when…
Read MoreCommercial Real Estate Inventory Perks Up, Transactions at 3-Year Low
There was a sign of new life in the local commercial real estate (CRE) market last month. Inventory and new listings increased while total sales and lease transactions dropped to…
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