Latest news

Market gives troubled homeowners a lift

By Don Fenley / August 29, 2021

How 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…

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Market trend good news for first-time buyers

By Don Fenley / August 22, 2021

July’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…

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Data show active inventory is slowly improving

By Don Fenley / August 15, 2021

July’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. …

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Local home price indexes hit 42-year high

By Don Fenley / August 8, 2021

Local 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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Expect inventory – but not balanced market conditions – to increase

By Don Fenley / August 1, 2021

Barring unexpected complications expect home construction to begin expanding inventory for the next two years.  Kingsport is just one example of how construction is being ramped up. The city has 1,500 lots for single-family and condos in some stage of…

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Giving hope to weary buyers

By Don Fenley / July 25, 2021

How can Realtors boost the morale of buyers in a market where reports of bidding wars, offers above the listing price, and steep price increases dominate the conversation?   One way is to remind them that while…

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The local condo-townhome market is sizzling

By Don Fenley / July 18, 2021

  The local condo and townhome market doesn’t get as much public attention as the existing and new home markets. That doesn’t mean it’s not sharing in the real estate market’s Midas touch.   …

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Data show signs of a transitioning housing market

By Don Fenley / July 11, 2021

Multiple indicators point to slight housing demand easing and an improvement in the inventory crunch. The market is expected to remain robust with more choices for buyers.  The days a home spends on the market before…

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Fundamentals taking some craziness out of housing market

By Don Fenley / July 6, 2021

 During the last 12 months 4,162 local residents took out loans to either refinance or buy a home. That’s a 54% increase from the first quarter of last year. Record-low…

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Local vacant land sales beginning to slow

By Don Fenley / June 27, 2021

There were 201 vacant land sales in May. That’s 28 fewer than in April. So far this year 967 sales have closed. During the first five months of last year, there were 509 closings.  …

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