Latest news

Pending home sales up 15% on more high-end contracts

By Don Fenley / April 19, 2024

Pending sales jumped 15.1% in March on a 113.3% increases in the number of new contracts in the top bracket of the move-up market. Although demand – as monitored by…

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Pending home sales up spring forward

By Don Fenley / March 19, 2024

It’s official. Spring in here, and pending home sales are perking up from January’s lackluster performance. They’re not the only thing looking up in a market seeing a lot of…

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Pending sales up, new life stirs in affordable housing market

By Don Fenley / February 19, 2024

Pending sales point to a recovery from January’s lackluster market performance. And they’re not the only thing looking up in a market seeing softer demand. There was a pending sales…

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Pending home sales increase – workforce-affordable, move-up, luxury markets up

By Don Fenley / January 18, 2024

GRAY – Pending sales increased during December, pointing to a stronger evolving housing market.  Accepted contracts in all three sub-markets were higher also than last year. The Northeast Tennessee Association…

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Pending sales increase 8% – affordable, move-up, luxury markets up

By Don Fenley / December 18, 2023

Pending sales were up 8% from Nov. last year following a 1% increase in Oct. The Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index, which benchmarks the market to…

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Pending sales up 1%; Luxury market contracts double

By Don Fenley / November 16, 2023

GRAY – October was a month for small gains in the local housing market everywhere except the luxury market where pending sales doubled. New listings in the move-up market are…

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Sept. pending home sales plunge 14%

By Don Fenley / October 18, 2023

GRAY, TN – Rising mortgage rates and low inventory combined with seasonality to push September’s pending home sales down 14 percent.  The effect will be a continuation of existing-home sales…

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Pending home sales post small seasonal gain

By Don Fenley / September 18, 2023

The local housing market saw a small seasonal pending sales uptick last month. They’ve increased in August in four of the last six years before arching lower as the market…

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Pending home sales decline for second month 

By Don Fenley / August 17, 2023

GRAY, TN – July’s pending sales and the Northeast Tennessee Associations of Realtors’ (NETAR) Pending Sales Index arced lower for the second straight month as the market moved past the…

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Inventory is housings most pressing issue

By Don Fenley / August 12, 2023

Despite growing affordability concerns, the local housing’s biggest challenge is inventory. The situation can be summed up in a simple, short sentence. Home buying demand is high while housing continues…

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