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It’s not a quick return to balanced market conditions. Still, the month-over-month trend continues showing more homes are being added to the NE Tenn. – SW Va. active inventory. September was the sixth straight month…
Read MoreMark Twain’s advice to” Buy land, they aren’t making it anymore” is as good advice now as it was in his era. And while they’re not making any more of it, there’s no scarcity of it…
Read MoreAlthough listing price trends don’t get as much attention as sales prices, they are indicators that warrant some attention. The average listing price in August was $345,866. That’s 21% higher than…
Read MoreAnother indicator that a little bit of the bloom is coming off the local housing market is the number of price reductions showing up. During the first 12 days of September, there were 13 of…
Read MoreThe first wave of borrowers is exiting the forbearance program through October. They have the option to resume making mortgage payments, modify their loan, or cashing out at the top of a hot market.…
Read MoreDuring the second quarter of this year, there were almost 65,501 outstanding mortgages in local zip codes. Of those, 20,237 were equity rich. That means they had a loan-to-value ratio of 50% or less. The…
Read MoreHow many times have you heard potential buyers say they’re going to wait for the housing bubble to burst? That misinformation wisdom is based on some pundits’ – but not…
Read MoreJuly’s housing trends had some good news for first-time buyers and those shopping in the affordability zone. Sellers added more homes in the $180,000 to $200,000 price range for the fifth straight…
Read MoreJuly’s active inventory trend has some good news for buyers. Both the month-over-month and year-over-year tracking by the NETAR Home Sales Report shows sellers are putting more homes on the market. …
Read MoreLocal home prices continued their upward trajectory in June and reached the highest level since 1979. The 12-month Home Price Index for the Johnson City metro area was 18.9%. It was 17.6%…
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