Posts by Don Fenley
Pending home sales increase – workforce-affordable, move-up, luxury markets up
GRAY – Pending sales increased during December, pointing to a stronger evolving housing market. Accepted contracts in all three sub-markets were higher also than last year. The Northeast Tennessee Association…
Read MoreMarket Pulse – How Much Impact Did Cash Sales Have?
One of the first things that pops out when reviewing how existing home sales were financed last year is the share of cash sales wasn’t as great as the attention…
Read MoreLocal home prices post 4th double-digit annual increase
GRAY – Tri-Cities area home price stayed in the double-digit growth range last year while sales retreated to a pre-pandemic level. There were 548 closing in the counties monitored by…
Read MoreDec. 2023, Year-End Housing Analytics
MARKET PULSE – Are new residents shifting into slower-growth mode?
The U-Haul Growth Index has been welcome news in the Tri-Cities since the pandemic. That was especially true in 2020, when the Tri-Cities area was at the top of state…
Read MoreMarket Pulse – Lower Mortgage Rate May Nudge 10,000 Locals To Re-enter Housing Market
Housing analysts expect 10,408 Tri-Cities area residents will return to the market if mortgage rates settle at 6.5% in 2024. The two included charts from the National Association of Realtors…
Read MorePending sales increase 8% – affordable, move-up, luxury markets up
Pending sales were up 8% from Nov. last year following a 1% increase in Oct. The Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index, which benchmarks the market to…
Read MoreMARKET PULSE – Condo sales inch up, prices decline
Condos barely held onto a sales upswing in November while prices continued falling from their September peak. According to the Northeast Tennessee Association of Realtors (NETAR), there were 29 sales…
Read More$3.6 million cash sale tops Nov. luxury market
The top of November’s luxury existing home market was a $3.6 million cash sale in Johnson Co. Seven other million-dollar closings nudged the year-to-date total to 44, according to the…
Read MoreHome sales decline settles, prices down
The downward arch of area home sales eased in November while prices declined for the second straight month. There were 600 closing in the Northeast Tennessee Association of Realtors (NETAR)…
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