Latest news

Flip sales lessened inventory shortage pain

By Don Fenley / April 2, 2023

GRAY, Tenn. – Investors who flip homes have shouldered an increasing role in the NE Tenn. market since 2018 when demand for existing homes pushed inventory below balanced conditions. That…

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All-cash home sales are down so far this year 

By Don Fenley / March 26, 2023

Buyers have backed off cash sales so far this year. In January, they accounted for 28.9 percent of all sales. They picked up to 31.6 percent in February which is…

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Top earners turning to renting instead of buying

By Don Fenley / March 19, 2023

GRAY, TENN. – NE Tennessee’s multi-family housing sector has equaled and, in some cases, exceeded demand in the single-family market. Some research by the Wall Street Journal adds some context…

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Discounting shows today’s housing market is kinder to buyers

By Don Fenley / March 12, 2023

While the Northeast Tennessee region has seen a slight improvement in active housing inventory, the months of inventory metric is stubbornly stuck in the 1.6 to 1.7 months range. It’s…

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FED homeownership monitor rates Tri-Cities ‘unaffordable’ 

By Don Fenley / March 5, 2023

The Tri-Cities in tip-toeing into what’s beginning to look like a softer prime home buying and selling season without its status as an affordable housing market.  According to the Atlanta…

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Spring inventory arriving at a snail’s pace 

By Don Fenley / February 26, 2023

GRAY, TN – Have you ever heard the saying, “you can’t sell out of an empty wagon?” It’s a reality local real estate professionals have struggled with for a little…

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Add demographics to the marketing toolbox

By Don Fenley / February 19, 2023

The scribes at the Wall Street Journal are typically quick to grab a data factoid for a brief update on who we are, what we’re doing, and how things are…

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Meeting the challenge first-time buyers face this year 

By Don Fenley / February 5, 2023

Higher home prices, bigger monthly mortgages because of higher mortgage rates, tougher lending standards, and a squeaky tight homes inventory are paving a bumpy road for first-time buyers this year.  …

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Vacant land sales decline

By Don Fenley / January 29, 2023

There were 2,400 vacant land sales in the Tri-Cities region last year, down 299 from the previous year. The softer market came on the heels of two years of rapid…

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The slow train to more inventory 

By Don Fenley / January 22, 2023

Location, location, location is still dominant in real estate jargon. But inventory, inventory, inventory is right up there with it.  Tri-Cities home sales declined for the first time in a…

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