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Inventory will be the key metric for market stabilization in the coming months. So far this year, active inventory has gained every month since April. New listings are also picking…
Read MoreGRAY, Tenn. – Remember hearing that a mortgage is a lot like a forced savings account that will make homeowners rich over time? There were a lot of Tri-Cities homeowners…
Read MoreHomeowners continued increasing their listing price for the seventh straight month in July. The only sign of them yielding to a slower market is the rate that they’re upping the…
Read MoreThere’s a simple answer to the frequently asked question: “When are home prices coming down?” The answer is: When demand goes down. Despite what you read in the mass media,…
Read MoreThere were slight shifts in how existing homes were sold last month in NETAR’s primary region, which includes Carter, Greene, Hawkins, Johnson, Sullivan, Unicoi, and Washington Co. Tenn. VA loans…
Read MoreEveryone knows cash is king in the existing home sales market. But it was king on steroids in June’s local condo market. A little more than six out of every…
Read MoreTri-Cities area home sellers haven’t signed onto the reducing prices trend that is beginning to get a lot of media attention. That doesn’t mean there are no local examples of…
Read MoreVacant land sales are showing signs of slowing. Sales listed on NETAR’s Commercial Multiple Listing Service (CMLS) were barely equal to those during the first five months of last year,…
Read MoreCash sales have accounted for about one of every three local existing home sales since the first of the year. They have also been credited with driving up local home…
Read MoreWhile there is some softness in overall existing home sales, the $500,000 and above existing market continues booming. Last month there were 101 sales. That is slightly better than twice…
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