Posts by Michelle Davis
WSJ-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…
Read MoreHere come the local home buyers, if mortgage rates behave
New residents and how they affect the housing market still dominate public attention, but they take backseat to the organic demand from sidelined buyers who are already here. While we…
Read MoreNewcomers, what we know, what we don’t know and why
A couple of weeks ago, I had the honor of speaking to the Elizabethton Kiwanis Club. It’s a fairly common request because people are interested in what the housing market…
Read MoreDon’t let short-term mortgage rates cloud the big picture
It looks like mortgage rates may pump the brakes on an expected robust early start to the spring home buying and selling season. The weekly 30-year fixed-rate mortgage rate average…
Read MoreSkipping home inspection could be costly
There’s a good chance home inspections will increase on the existing home sales headache list this year. They rank right up there with appraisals. Both can push deals back to…
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