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Everyone knows cash is king in the existing home sales market. But it was king on steroids in June’s local condo market. A little more than six out of every…
Read MoreTri-Cities area home sellers haven’t signed onto the reducing prices trend that is beginning to get a lot of media attention. That doesn’t mean there are no local examples of…
Read MoreVacant land sales are showing signs of slowing. Sales listed on NETAR’s Commercial Multiple Listing Service (CMLS) were barely equal to those during the first five months of last year,…
Read MoreCash sales have accounted for about one of every three local existing home sales since the first of the year. They have also been credited with driving up local home…
Read MoreWhile there is some softness in overall existing home sales, the $500,000 and above existing market continues booming. Last month there were 101 sales. That is slightly better than twice…
Read MoreAnyone who reads housing market blogs, newsletters, or mass media reports has come across the claim that sellers are scaling back prices. Altos Research called price reductions a big trend…
Read MoreRelocation buyers have and will continue to fundamentally change the local housing market landscape for the foreseeable future. So far, the most noticeable effect has been a concentration of buyers…
Read MoreThe regional condominium/townhome market mirrors much of the existing home resales but with at least one notable exception. Listings are spending much less time on the market than single-family homes.…
Read MoreVacant land prices are holding up well in a market that is slowing from last year’s torrid pace. April area sales were down 15.7%. Pending sales were down 1.6%. Active…
Read MoreCash sales are increasing in the local market as they are nationwide. But unlike the national tenor, they are not setting all-time highs. Last month NE Tenn. – SW Va.…
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