Latest news

Market Pulse – How Much Impact Did Cash Sales Have?

By Don Fenley / January 15, 2024

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…

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MARKET PULSE – Are new residents shifting into slower-growth mode?

By Don Fenley / January 7, 2024

The 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…

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Market Pulse – Lower Mortgage Rate May Nudge 10,000 Locals To Re-enter Housing Market

By Don Fenley / December 31, 2023

Housing 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…

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MARKET PULSE – Condo sales inch up, prices decline

By Don Fenley / December 17, 2023

Condos 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…

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$3.6 million cash sale tops Nov. luxury market

By Don Fenley / December 10, 2023

The 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…

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Cash Isn’t The King It Used To Be

By Don Fenley / December 3, 2023

Once 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…

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Living large in Tri-Cities area housing market on the upswing

By Don Fenley / November 26, 2023

Million 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…

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Condo/townhome sellers see 20% price gain

By Don Fenley / November 18, 2023

The 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…

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Local high-end home sales contradict down market trend

By Don Fenley / November 12, 2023

Existing 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…

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Strip Malls Don’t Fly Under The Retail Radar Anymore

By Don Fenley / November 4, 2023

Strip 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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