Posts by Kristi Bailey, President
Here’s how and how much real estate contributes to the local economy
Each year during the month of June, the Northeast Tennessee Association of REALTORS® (NETAR) takes the opportunity to celebrate homeownership by showcasing some of the social and economic benefits that protect and promote the American Dream of homeownership. Homeownership Month was created both to encourage…
Read MoreIs the housing market close to a tipping point?
Inventory has joined price as a closely watched housing market item. What’s on the market has been steadily declining since 2013. It moved to shortage status late last year, but a silver lining to that cloud is developing. Early this…
Read MoreHomeownership has critical social, economic benefits
In 1995 National Homeownership Week began as a strategy of President Bill Clinton’s administration to increase homeownership across the nation. In 2002, President George W. Bush expanded the observance to…
Read MorePrice per sq. ft. in tricky home value territory
There is no argument that navigating today’s real estate market is complicated. So, it’s easy to see why buyers and sellers are always looking for ways to make things less difficult. Especially when a property’s price is the issue. A popular concept that is overused and frequently…
Read MoreAffordable homes still an active part of this hot market
Reports about high prices and the lack of inventory shutting first-time buyers and those looking for affordable homes out of the market are common these days. There’s another side to that story that hasn’t gotten as…
Read MoreWhy home prices are so hot – is it a bubble?
April home sales are running well above pre-pandemic levels. Put comparisons to last year aside because they are what real estate professionals call a “bad comp.” It’s a comparison of today’s vibrant market to one that…
Read MoreCompetition Drives Homes to Fastest-Ever Sales Pace
Homes are selling in record time. The time on market has declined every month this year, and we’re barely into the prime home buying and selling season. The median time on market in April was…
Read MoreReal estate is at the core of the region’s economic recovery
Almost everywhere you look, there’s evidence of a Northeast Tennessee economic revival. Employers are hiring. Restaurant parking lots are crowded. Sales tax collections are up. And the local real estate…
Read MoreBuying is a better decision than renting
Increasing prices and an inventory crunch drive more discussions about the merits of renting over buying a home. Buying is both cheaper and a better wealth-building option. Here is why. Renting a three-bedroom home will average $1,040 out of a family…
Read MoreNews reports say more termite infestations are being found
According to news reports, 2021 is a year for discovering termite infestations. Inspections related to increased home sales could be a factor. Another is people have been spending more time…
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