Latest news

MARKET PULSE – Mobile home sales up in June

By Don Fenley / July 8, 2024

June was not a very good month for single-family detached home sales, but the same was not the case for mobile homes. There were 44 sales, and the median sales…

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MARKET PULSE –  Months of inventory dynamics stagnate

By Don Fenley / July 1, 2024

One of the most valuable housing market metrics is months of supply. That’s the number of months it would take to sell all the homes currently for sale, given the…

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MARKET PULSE – Markets with hot five-month sales, price trends

By Don Fenley / June 24, 2024

A recurring item in monthly regional home sales reports for the last two and a half years has been declining home sales. It’s typically referred to as a retreat toward…

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MARKET PULSE – Yes, There’s Affordable Tri-Cities Area Housing, But…

By Don Fenley / June 10, 2024

Affordable housing – or the lack of it – gets a lot of attention these days. Some of it’s accurate. Some isn’t. Let’s look at the numbers. Good news first.…

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MARKET PULSE – Mobile home sales brisk in local affordability market

By Don Fenley / June 2, 2024

Mobile homes continued a brisk sales rate last month as affordability conscious buyers sought relief from higher prices in the detached single-family, townhome and condo markets. Thirty-six manufactured homes sold…

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Market Pulse – Townhome-Condo Segment Has Best Market Gain

By Don Fenley / May 20, 2024

The townhome-condo housing market segment was the property type with the largest gains in April. Prices were up 13.3% with the $150K-$250K price range selling the quickest as first-time buyers,…

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MARKET PULSE – Local home equity performance tops TN and US levels

By Don Fenley / May 12, 2024

Although housing affordability and accessibility remains challenging, the first quarter equity status of outstanding mortgages testify to wealth production in today’s local market. The equity positions of Tri-Cities area mortgaged…

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MARKET PULSE – Inventory continues snail’s pace improvements

By Don Fenley / May 6, 2024

There were 1,440 active listings in the Tri-Cities region in April. That’s a 7% improvement over April 2023 and 47% better than it was when invitatory bottomed out in 2021.…

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MARKET PULSE – Population count shows more births, fewer deaths

By Don Fenley / April 29, 2024

There was a subtle, but significant, change in the Census Bureau’s latest local population estimates. It wasn’t so much about the Tri-Cities region’s growth rate. As expected, nine of the…

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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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