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Uncertainty took a toll on NE Tenn. home sales last month. April’s sales were down 18 (2.2%) from March and down 58 (6.5%) from April last year. Year-to-date sales were…
Read MoreThe local hyper-competitive housing market has raised the benchmark for just about all existing home sales categories. Luxury homes sales are no exception. And the market for properties in the…
Read MoreMarch was one of those months when real estate reports were in the up and down mode across the region. Vacant land sales were up 21% from the previous month…
Read MoreLocal rents are increasing at a rate almost four times the inflation rate in Elizabethton to 2.5 times inflation in Kingsport, Greeneville, and Bristol. The Johnson City rate is slightly…
Read MoreA change in mortgage rates always moves this market. The March increased to the 4% plus ranges, and outlooks say more are on the way, was no exception. It was…
Read MoreLast month, new Census data provided a base to compare some regional annual population gains to home sales and prices growth rates. Only four of the counties monitored by NETAR…
Read MoreAre foreclosures really on the rise? You bet they are, but not here in the Tri-Cities region. The wave of new filings is in Chicago, New York, Los Angeles, Houston,…
Read MoreRising costs are making townhomes more attractive to builders and consumers. Construction is increasing on both the U.S. and local levels. Robert Dietz, chief economist of the National Association of…
Read MoreCash sales were down in February, and sellers who went for the deals took an average of $3,627 less than the list price. February’s cash sales market share was 28%,…
Read MoreAs predicted, home sales have gone flat, and the continued lack of inventory is driving prices higher. The early version of NETAR’s Home Sales Report shows February’s pending sales…
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