Posts by Michelle Davis
Market Balance Is More Than Months Of Inventory
Real estate professionals and the media talk a lot about balance, but to get a good handle on it, look beyond the most cited metric – months of inventory. It’s…
Read MoreRealtors® are a big part of small business community
May is the only time the most important piece of the local and U.S. and economies is formally recognized. Small Business Month’s goal is to honor the entrepreneurs who bring…
Read MoreRemodeling or upgrading, Realtors® offer insights
A couple of weeks ago, this column explored the economic impact of real estate on local economies. Of particular interest was the segment on how much furniture and remodeling fit…
Read MorePeak Boomers demographic will test housing needs, demand
Here’s something most everyone knows but is shocked when they hear the number. In the very near future, about 28% of the Tri-Cities residents will be at key pre-retirement age…
Read MoreWSJ-Realtor.com Emerging Markets Index – JC is out, Kingsport-Bristol in the top 10
The Wall Street Journal/Realtor.com Spring Emerging Markets Index was a shocker in NE TN and SW VA. The Johnson City metro area, which has dominated Tennessee and most U.S. markets…
Read MoreReal Estate Plays A Big Role In The Local Economy
One local economy metric that often gets overlooked amid the jobs and sales tax numbers is the real estate contribution. It accounts for almost 16% of the total economy and…
Read MoreHome Sales Down, Prices Slightly Higher; All Eyes On Inventory
Now that we’re past the first quarter, a clearer picture of the housing market is developing. More buyers are getting price cuts. But it’s still a sellers’ market. QUARTERLY SALES…
Read MoreIf the rental deal looks too good to be true, beware
In many ways, the local rental market is just as frantic as the rest of the housing market. Rents have increased to a new market price level and continue increasing.…
Read MoreRelators® gear up for Fair Housing focus
Every April Realtors® celebrate and commemorate passage of the Fair Housing Act with events focusing on housing discrimination and segregation. For the Association, Fair Housing Month signifies an annual recommitment…
Read MoreRealtors® keep up with rapidly evolving demographics
Realtors® have always paid attention to demographics. Most of it used to focus on two distinct groups. The first was younger buyers who were typically first-time buyers. The next was…
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