Latest news

Market Pulse – Mortgage-Fee Properties Give Local Economy A Cushion

By Don Fenley / April 21, 2024

Although real estate’s contribution to the overall Tri-Cities area economy has flagged from the early post-pandemic years, it still accounts for about 16% of the local economy. During the first…

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MARKET PULSE – New home sales up, average price down

By Don Fenley / March 24, 2024

Unlike the existing home market that’s slogging into prime season with a 17% sales increase, new construction sales are booming. So far this year sales are double what they were…

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MARKET PULSE – Inventory building for prime home sales season

By Don Fenley / March 18, 2024

Although there probably won’t be a big dip in mortgage rates for the prime home buying and selling season, the season is taking shape with guarded optimism. There are more…

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MARKET PULSE – Feb. $1 million plus sales included lots of land

By Don Fenley / March 10, 2024

There were two $1 million plus sales last month. Both were more about the land than the homes. At the same time, overall luxury home market made a strong rebound…

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MARKET PULSE – Don’t overlook mobile home market demand

By Don Fenley / March 3, 2024

Mobile homes used to be the undisputed red-headed stepchild of the housing market, but that’s changing. Last year, there were 513 mobile home sales in the counties the Northeast Tennessee…

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MARKET PULSE – FHA loans gaining market share of home sales

By Don Fenley / February 26, 2024

With all the changes that have rippled through the housing market, one that is often overlooked is financing. While there are few big changes in how buyers are paying, when…

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MARKET PULSE – Condo/townhome market off to a slow start

By Don Fenley / February 18, 2024

Market Pulse 2-18 Condominium sales got off to a slow start last month. They matched last year’s performance, but were down 22% (six sales) from December. So was the $201,153…

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MARKET PULSE – $1 million housing market off to good start

By Don Fenley / February 11, 2024

The regions’ million-dollar home sales club kicked off 2024 with four sales. It would have been six, but two dropped below the $1 million mark when owners reduced their asking…

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Market Pulse – Outlooks shifting toward 2024 home price increases

By Don Fenley / January 29, 2024

There’s a slow, but broad shift in 2024 housing market outlooks and it falls in line with the Tri-Cities regional on-the-ground fundamentals. Realtor.com’s economic division headlined a report that “The…

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MARKET PULSE – Million dollar, luxury home sales post robust year

By Don Fenley / January 22, 2024

Three million dollar plus residential sales closed in December, bringing the Tri-Cities area annual top-of-the market residential sales total to 59. Last year’s top sale was in Kingsport for $4.4…

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