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The local housing market didn’t have the most single-family existing home sales in the East TN metro markets in May, but its growth rate was better than the other metros.…
Read MoreGRAY, Tenn. – During a time when demand for single-family rentals has outstripped supply, it seems counterintuitive that owners would dump their rentals. But according to courthouse records, that’s what’s…
Read MoreThe regional vacant land sales market has been sluggish so far this year. But the Northeast Tennessee Association of Realtors (NETAR) market tracker shows sales are picking up. The most…
Read MoreGRAY – Everyone knows Johnson City is the region’s top housing market. That’s a fact. But last month its 82 sales were second place to the 95 in Kingsport. Where…
Read MoreDespite some common public opinion, affordable housing is not another name for government assistance. The two primary formulas to gauge affordability are the financial model and the percentage of income…
Read MoreFlipped homes are an important part of the local housing market. They account for about 10% of existing home sales and half of them are always in the affordable and…
Read MoreGRAY – Home owners like fast, uncomplicated closings. Frequently they back away from VA loans because they believe deals are risker and a pain in the process. According to mortgage…
Read MoreAnecdotes about cash-flush, out-of-town buyers snapping up local homes are so common some think they are the norm and one of the reasons local home prices have increased so much. …
Read MoreMarch’s condo-townhome sales burst onto the spring market with a 36 percent price increase and sales that doubled from the previous month. Last month’s $204,750 median price was the housing…
Read MoreInventory is making snail’s pace increases in NE Tenn. and it’s giving the new home market an advantage to be more competitive with the existing sales market. The local market…
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