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Higher Tri-Cities rents have become the norm. A current report from ATTOM Data Solutions, a national provider of real estate research, says 3-bedroom homes in Sullivan and Washington counties are…
Land sales are driving Tri-Cities commercial real estate transactions. The February data suggests that the local commercial market continues to be shaped by development-related land purchases, repurposing existing properties, and…
As we enter the heart of the Tri-Cities’ prime home buying and selling season, the market is approaching an inflection point. For nearly three years, high borrowing costs squeezed the Tri-Cities housing market. Owners with record-low mortgage rates…
No housing discussion is complete without paying attention to the affordability issue. And the most recent data from the Atlanta Federal Reserve Bank adds some good news to that discussion. Affordability in…
Spring and the prime home buying and selling season is upon us. If you thought absorbing local market information was like trying to drink from a fire hose last year, buckle up because it’s likely you’ll see more…
January’s Tri-Cities home sales were up 7.9% from last year, and the median sales price of $270,000 is down 3.54% from last year. The sales momentum was driven almost entirely…
One of the most important lessons about today’s housing market is pricing is no longer a set-it-and-forget-it decision. January’s data on price reductions and concessions illustrates the point. Last month over half of homes sold required price reductions, and two-thirds needed…
The Tri-Cities housing market continues to produce steady sales activity, but January’s data show transactions increasingly depend on sellers meeting buyers in the middle. It’s a hallmark of a normalized…
For decades, the Tri-Cities housing market was shaped by steady, predictable forces: local job growth, family formation, and gradual price appreciation tied closely to incomes. That playbook still matters. But it’s not the…
If there’s one word that best describes the Tri-Cities housing market as we begin the year, it’s this: rebalancing. It’s not reversing. Not collapsing. Not even cooling off in the way many people assume. Instead, the market is doing…