Latest news

Pending home sales report shows robust market

By Don Fenley / January 14, 2021

Sellers accepted 660 offers in December. That’s 200 fewer than during November but 155 more than December last year. “There is some month-over-month seasonal slowing, but it’s nothing to worry…

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Tri-Cities 2020 commercial real estate transactions up

By Don Fenley / January 11, 2021

     Office, industrial, vacant land deals were market’s leaders It wasn’t a big increase, but during a year that saw the worst crash since the Great Depression, the local commercial…

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The local housing market just posted its best-ever year

By Don Fenley / January 7, 2021

December was one of the best-ever months for the local housing market, and it closed the books on one of the best-ever years for sales and price heights. “It was…

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Nov. pending home sales drop to 7-month low, still at robust level

By Don Fenley / December 23, 2020

The NE Tenn. – SW Va. housing market took a breather in November. Pending sales dropped to a seven-month low. But it wasn’t much of a slowdown. There were 860…

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November commercial transactions up 21.4%

By Don Fenley / December 9, 2020

Office, industrial, vacant land deals best CMLS performers The local commercial real estate market is slowly clawing itself out of the COVID-19 black hole. Recovery continues to be uneven, with…

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November home sales down, but it’s still a hot seller’s market

By Don Fenley / December 7, 2020

Sales were down slightly from October but up 22.7% from last year. The average resale price was $222,142, up 26.7 percent After an expected minimal seasonal slowdown, Northeast Tennessee and Southwest…

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Housing pending sales surge to second-highest level this year

By Don Fenley / November 20, 2020

Pending sales surged to a three-month high in October. Sellers accepted 965 new contracts (pending sales), up from 921 in September. October’s pending sales are at a 17.3% increase in…

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NE Tenn. commercial real estate transaction down 11.7%

By Don Fenley / November 15, 2020

Office, industrial, vacant land deals weathering the storm —– October’s Commercial Real Estate Market posted a small transaction decline on the heels of its best two months this year. Compared…

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October home sales cool off, but still on record pace

By Don Fenley / November 9, 2020

Local home sales saw some seasonal softening, but it was not enough to pull the market off its record pace. “October sales dropped 13.7% from September, but were 11.5% better…

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Pending Home Sales Down for the Second Straight Month

By Don Fenley / October 21, 2020

New pending sales continued softening for the second consecutive month in September. That hints that while the market is still on a record sales pace, there is a little bit…

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