Posts by Don Fenley
Nov. 2023 Housing Market Analytics
Cash Isn’t The King It Used To Be
Once upon a time, cash sales accounted for half – or more – of the Tri-Cities area single-family existing home sales. Despite the “once upon a time” intro, it’s no…
Read MoreLiving large in Tri-Cities area housing market on the upswing
Million dollar-plus sales lag last year’s total, but the top-end of the existing residential market isn’t suffering. The same goes for the $500K and up luxury market, which has picked…
Read MoreCondo/townhome sellers see 20% price gain
The highest mortgage rate in years, a stubborn inventory shortage, higher home prices, and higher rents continue stimulating the new and existing condos/ townhomes market. A typical condo owner who…
Read MorePending sales up 1%; Luxury market contracts double
GRAY – October was a month for small gains in the local housing market everywhere except the luxury market where pending sales doubled. New listings in the move-up market are…
Read MoreHeadwinds blunt commercial real estate transactions
Early fourth quarter commercial real estate transactions typically signal the close the year and a preview for the coming year’s strong start. But not this year. The region is engulfed…
Read MoreLocal 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 More