Latest news

Commercial real estate robust despite headwinds 

By Rick Chantry / June 19, 2022

We’re halfway into 2022, and both the local residential and commercial real estate markets continue robust performance despite headwinds. Interest rates are increasing, inflation is at a 40-year high, the…

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Inventory, jobs growth today’s key housing market indicators 

By Rick Chantry / June 12, 2022

Despite some signs of a slowdown, local homes are still selling fast and at higher prices. May’s Northeast Tennessee Association of REALTORS® (NETAR) Home Sales Report is full of examples…

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Homeownership has critical community, economic and social benefits

By Rick Chantry / June 5, 2022

June is Homeownership Month, and this year’s observance is very different from last year. Last year we were in the fury of the hottest housing market in recent history. This…

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Honor America’s war dead by remembering all veterans   

By Rick Chantry / May 29, 2022

Fifty-one years ago, Memorial Day became an official national holiday. But it had been around much longer. Originally known as Decoration Day, its origins were in the wake of the…

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Commercial real estate reports rate local economy’s performance 

By Rick Chantry / May 22, 2022

Last week’s National Association of REALTORS® (NAR) Commercial Real Estate Market Conditions Index affirmed local reports and added some high-level context about our market. The first bit of news wasn’t…

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Odds are home price increase rate will slow but not decline 

By Rick Chantry / May 15, 2022

For five years, local home prices have been increasing faster than our historical average. It has been and still is a great time to be a homeowner, even though there’s…

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Like home prices, closing costs have also gone up  

By Rick Chantry / May 8, 2022

Competition for the right house, at the right price, at the best possible mortgage rate too often pushes planning for what happens at closing to the background. And it typically…

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  Real estate has big area small business footprint

By Rick Chantry / May 1, 2022

The first week of May is the only time when one of the most important pieces of the U.S. and local economies is formally recognized. Small Business Week’s goal is…

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Is there a limit to sellers’ pricing power?

By Rick Chantry / April 24, 2022

Mortgage rates increased to an 11-year high last month. Inflation was at a 40-year high. And the typical existing home sales price topped out at an all-time high. March’s median…

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Housing market transitioning, affordability top challenge

By Rick Chantry / April 17, 2022

Just when you thought the housing market couldn’t get any crazier, it did. March’s Home Sales Report is a marsh up of more contradictions than local real estate professionals have…

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