Posts by Rick Chantry
Commercial real estate robust despite headwinds
We’re halfway into 2022, and both the local residential and commercial real estate markets continue robust performance despite headwinds. Interest rates are increasing, inflation is at a 40-year high, the…
Read MoreInventory, jobs growth today’s key housing market indicators
Despite some signs of a slowdown, local homes are still selling fast and at higher prices. May’s Northeast Tennessee Association of REALTORS® (NETAR) Home Sales Report is full of examples…
Read MoreHomeownership has critical community, economic and social benefits
June is Homeownership Month, and this year’s observance is very different from last year. Last year we were in the fury of the hottest housing market in recent history. This…
Read MoreHonor America’s war dead by remembering all veterans
Fifty-one years ago, Memorial Day became an official national holiday. But it had been around much longer. Originally known as Decoration Day, its origins were in the wake of the…
Read MoreCommercial real estate reports rate local economy’s performance
Last week’s National Association of REALTORS® (NAR) Commercial Real Estate Market Conditions Index affirmed local reports and added some high-level context about our market. The first bit of news wasn’t…
Read MoreOdds are home price increase rate will slow but not decline
For five years, local home prices have been increasing faster than our historical average. It has been and still is a great time to be a homeowner, even though there’s…
Read MoreLike home prices, closing costs have also gone up
Competition for the right house, at the right price, at the best possible mortgage rate too often pushes planning for what happens at closing to the background. And it typically…
Read MoreReal estate has big area small business footprint
The first week of May is the only time when one of the most important pieces of the U.S. and local economies is formally recognized. Small Business Week’s goal is…
Read MoreIs there a limit to sellers’ pricing power?
Mortgage rates increased to an 11-year high last month. Inflation was at a 40-year high. And the typical existing home sales price topped out at an all-time high. March’s median…
Read MoreHousing market transitioning, affordability top challenge
Just when you thought the housing market couldn’t get any crazier, it did. March’s Home Sales Report is a marsh up of more contradictions than local real estate professionals have…
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