Latest news

NE Tenn. housing market shift showing up 

By Don Fenley / May 8, 2022

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…

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Local luxury home sales still booming 

By Don Fenley / May 1, 2022

The 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…

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March land sales up, down from last year

By Don Fenley / April 24, 2022

March 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…

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Rents skyrocket – apartments a hot commercial property asset 

By Don Fenley / April 17, 2022

Local 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…

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Which homes sold above and below list price by loan source 

By Don Fenley / April 10, 2022

A 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…

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How 2021 population, housing growth rates compare 

By Don Fenley / April 3, 2022

Last 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…

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Here’s what local data says about foreclosure market 

By Don Fenley / March 27, 2022

 Are 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,…

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Townhomes getting more consumer, builder notice 

By Don Fenley / March 20, 2022

Rising 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…

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Feb. cash sales down; VA loans highest sales price 

By Don Fenley / March 13, 2022

Cash 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%,…

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Lack of inventory drives home prices higher   

By Don Fenley / March 6, 2022

As 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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