Posts by Don Fenley
Local high-end home sales contradict down market trend
Existing home sales in the $500K and up price ranges have become a market contradiction in the latter half of this year. While the overall market is headed to pre-pandemic…
Read MoreHigh-end buyers propping up housing market
GRAY, TN – High-end buyers are propping up the Tri-Cities area housing market as higher mortgage rates have pushed an increasing number of borrowers to the sidelines. Sales in the $500K…
Read MoreOctober county – community markets
Strip Malls Don’t Fly Under The Retail Radar Anymore
Strip malls used to fly under the retail radar. Most of the attention focused on open-air malls and the dismal performance of enclosed malls. But that was then and now…
Read MoreAssumable loans increasing – not here so far
GRAY – While monthly existing home sales continue retreating to pre-pandemic levels, the share of mortgage types has not significantly changed. That doesn’t conform to national reports of the number…
Read MoreGrowth gives local commercial real estate new vibe
Growth is giving much of NE Tenn. and SW Va. a new look. While it’s more defined in some areas than others, there’s no mistaking the change. Some are almost…
Read MoreHome sales profit margins up $23,000
The typical profit on Tri-Cities area single-family existing home and condo sales is up $23,000 (10%) from the first three quarters of last year and trending toward the fourth best…
Read MoreSept. pending home sales plunge 14%
GRAY, TN – Rising mortgage rates and low inventory combined with seasonality to push September’s pending home sales down 14 percent. The effect will be a continuation of existing-home sales…
Read MoreLong view shows sales marching toward pre-pandemic level
The NE TN – SW VA single-family existing housing market is weathering the throes of record-high mortgage rates, persistent inventory shortage, inflation, and higher prices without huge upsets. That stability…
Read MoreHow long will this last?
Buyers, sellers, and investors want to know how long the current housing market logjam will last. Unfortunately, there’s no single simple answer. There’s too many moving parts. Typically, a housing…
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