Latest news

MARKET PULSE – Mobile home increase sales share in affordable housing marke

By Don Fenley / August 19, 2024

Buyers seeking affordable housing are increasingly turning to manufactures homes as a resource. July sales were 38% higher than last year and the median sales price was up 11.7%. According…

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MARKET PULSE – Strained affordability leads builder to go smaller

By Don Fenley / August 12, 2024

New home shoppers will see smaller home offerings until the housing affordability issue eases in the Tri-Cities. It’s one way builders are coping with the economic realities of the affordability…

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MARKET PULSE – Inventory gains nudge market toward more balanced conditions

By Don Fenley / August 4, 2024

Buyers have more choice and better bargaining positions as the local home sales tend slouches toward a pre-pandemic level. That’s because slower sales are allowing faster inventory growth. July’s active…

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MARKET PULSE – Mobile home sales up in June

By Don Fenley / July 8, 2024

June was not a very good month for single-family detached home sales, but the same was not the case for mobile homes. There were 44 sales, and the median sales…

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MARKET PULSE –  Months of inventory dynamics stagnate

By Don Fenley / July 1, 2024

One of the most valuable housing market metrics is months of supply. That’s the number of months it would take to sell all the homes currently for sale, given the…

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MARKET PULSE – Markets with hot five-month sales, price trends

By Don Fenley / June 24, 2024

A recurring item in monthly regional home sales reports for the last two and a half years has been declining home sales. It’s typically referred to as a retreat toward…

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MARKET PULSE – Yes, There’s Affordable Tri-Cities Area Housing, But…

By Don Fenley / June 10, 2024

Affordable housing – or the lack of it – gets a lot of attention these days. Some of it’s accurate. Some isn’t. Let’s look at the numbers. Good news first.…

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MARKET PULSE – Mobile home sales brisk in local affordability market

By Don Fenley / June 2, 2024

Mobile homes continued a brisk sales rate last month as affordability conscious buyers sought relief from higher prices in the detached single-family, townhome and condo markets. Thirty-six manufactured homes sold…

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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,…

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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…

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