Latest news

Market Pulse – Townhome-Condo Segment Has Best Market Gain

By Don Fenley / May 20, 2024

The townhome-condo housing market segment was the property type with the largest gains in April. Prices were up 13.3% with the $150K-$250K price range selling the quickest as first-time buyers,…

Read More

MARKET PULSE – Local home equity performance tops TN and US levels

By Don Fenley / May 12, 2024

Although housing affordability and accessibility remains challenging, the first quarter equity status of outstanding mortgages testify to wealth production in today’s local market. The equity positions of Tri-Cities area mortgaged…

Read More

MARKET PULSE – Inventory continues snail’s pace improvements

By Don Fenley / May 6, 2024

There were 1,440 active listings in the Tri-Cities region in April. That’s a 7% improvement over April 2023 and 47% better than it was when invitatory bottomed out in 2021.…

Read More

MARKET PULSE – Population count shows more births, fewer deaths

By Don Fenley / April 29, 2024

There was a subtle, but significant, change in the Census Bureau’s latest local population estimates. It wasn’t so much about the Tri-Cities region’s growth rate. As expected, nine of the…

Read More

Market Pulse – Mortgage-Fee Properties Give Local Economy A Cushion

By Don Fenley / April 21, 2024

Although real estate’s contribution to the overall Tri-Cities area economy has flagged from the early post-pandemic years, it still accounts for about 16% of the local economy. During the first…

Read More

MARKET PULSE – New home sales up, average price down

By Don Fenley / March 24, 2024

Unlike the existing home market that’s slogging into prime season with a 17% sales increase, new construction sales are booming. So far this year sales are double what they were…

Read More

MARKET PULSE – Inventory building for prime home sales season

By Don Fenley / March 18, 2024

Although there probably won’t be a big dip in mortgage rates for the prime home buying and selling season, the season is taking shape with guarded optimism. There are more…

Read More

MARKET PULSE – Feb. $1 million plus sales included lots of land

By Don Fenley / March 10, 2024

There were two $1 million plus sales last month. Both were more about the land than the homes. At the same time, overall luxury home market made a strong rebound…

Read More

MARKET PULSE – Don’t overlook mobile home market demand

By Don Fenley / March 3, 2024

Mobile homes used to be the undisputed red-headed stepchild of the housing market, but that’s changing. Last year, there were 513 mobile home sales in the counties the Northeast Tennessee…

Read More

MARKET PULSE – FHA loans gaining market share of home sales

By Don Fenley / February 26, 2024

With all the changes that have rippled through the housing market, one that is often overlooked is financing. While there are few big changes in how buyers are paying, when…

Read More