Latest news

Demographics exert more influence on housing market

By Don Fenley / February 7, 2022

Demographic dynamics are rapidly becoming a bigger factor for the housing market. Millennials and the elder GenZers are aging into their prime home-buying years. Combined, they account for the single…

Read More

Did the market just shift back into overdrive?

By Don Fenley / January 30, 2022

Buyers, sellers, and Realtors® have a long list of things to watch for as the market gears up for this year’s spring buying and selling season. The trend toward less…

Read More

Tri-Cities 2021 vacant land deals up 40.8%

By Don Fenley / January 23, 2022

Tri-Cities vacant land transactions joined the rest of the real estate industry segments last year for its best-ever year. Sales and leases were up 40.8%. They have increased 214% since…

Read More

Local condo prices up, sales down

By Don Fenley / January 16, 2022

Prices were up 9.5% for local condominiums and townhomes last year, but sales were down. Lack of inventory and the local preference for detached housing are the drivers for what’s…

Read More

Tri-Cities area home sales raise the bar again in 2021

By Don Fenley / January 9, 2022

There were 9,523 closings on existing home sales in 2021. That’s a 10.6% improvement over the 2020 total.  It’s also the second straight year the annual growth rate has been in…

Read More

Rush to lock in low rates pushes inventory lower

By Don Fenley / January 2, 2022

Pending sales outnumbered new listing again in November, wiping out hopes that a couple of months of small active inventory gains would carry into the New Year. The region went…

Read More

NE Tenn – SW Va land sales on track for another big increase

By Don Fenley / December 30, 2021

Vacant land sales are on track for another annual increase just below the 50% mark. They’ve been on that path since 2020 while sales in some price ranges are well into triple-digit increases.   The three…

Read More

NE Tenn – SW Va land sales on track for another big increase

By Don Fenley / December 26, 2021

Vacant land sales are on track for another annual increase just below the 50% mark. They’ve been on that path since 2020 while sales in some price ranges are well into triple-digit increases.   The three…

Read More

Almost a third of local single-family residences are rental units

By Don Fenley / December 19, 2021

Nearly one of every three single-family homes or condos in the region monitored by NETAR during the fourth quarter was a non-owner-occupied investment property. Of those 60,463 properties, 3,460 were vacant, giving the region…

Read More

Inflation in the mortgage rates driver’s seat

By Don Fenley / December 12, 2021

November’s median existing-home sales price jumped to $210,000. That’s the same level it was at the market peak in August. The reason was buyers saw that mortgage rates were ready…

Read More