Latest news

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…

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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…

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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…

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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…

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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…

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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…

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Local cash sales continue in 30% of all sales range 

By Don Fenley / December 5, 2021

Tri-Cities all-cash home sales mirrored the third-quarter national level, but they part paths when compared to their highest previous levels.  The third-quarter U.S. cash deals were at their highest level since the first quarter of 2015. Local cash…

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Condo sales down, prices up 12%

By Don Fenley / November 28, 2021

Condominium sales remain a hot ticket in the local existing home sales market.  So far this year, 469 condo sales have closed compared to 501 during the first 10 months of last…

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Home sales energizing overall local economy

By Don Fenley / November 21, 2021

So far this year, the sales volume for existing home sales reported by NETAR’s Home Sales Report is $1.9 billion. While that’s a big number, there’s more to the real estate’s impact on the…

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Housing continues to outperform the rest of the economy

By Don Fenley / November 14, 2021

Home prices and mortgage rates are both climbing. But buyers have shrugged it off for most parts as the housing market continues to stay in front of the rest of the local economy with few –…

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