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One of the first things that pops out when reviewing how existing home sales were financed last year is the share of cash sales wasn’t as great as the attention…
Read MoreThe U-Haul Growth Index has been welcome news in the Tri-Cities since the pandemic. That was especially true in 2020, when the Tri-Cities area was at the top of state…
Read MoreHousing analysts expect 10,408 Tri-Cities area residents will return to the market if mortgage rates settle at 6.5% in 2024. The two included charts from the National Association of Realtors…
Read MoreCondos barely held onto a sales upswing in November while prices continued falling from their September peak. According to the Northeast Tennessee Association of Realtors (NETAR), there were 29 sales…
Read MoreThe top of November’s luxury existing home market was a $3.6 million cash sale in Johnson Co. Seven other million-dollar closings nudged the year-to-date total to 44, according to the…
Read MoreOnce upon a time, cash sales accounted for half – or more – of the Tri-Cities area single-family existing home sales. Despite the “once upon a time” intro, it’s no…
Read MoreMillion dollar-plus sales lag last year’s total, but the top-end of the existing residential market isn’t suffering. The same goes for the $500K and up luxury market, which has picked…
Read MoreThe highest mortgage rate in years, a stubborn inventory shortage, higher home prices, and higher rents continue stimulating the new and existing condos/ townhomes market. A typical condo owner who…
Read MoreExisting home sales in the $500K and up price ranges have become a market contradiction in the latter half of this year. While the overall market is headed to pre-pandemic…
Read MoreStrip malls used to fly under the retail radar. Most of the attention focused on open-air malls and the dismal performance of enclosed malls. But that was then and now…
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