News

August 20, 2017
By ERIC KISTNER July's housing market report offered a couple of surprises but was mostly much of what we learned from the mid-year report.  Overall it mirrors the statewide report. A tight inventory continues squeezing sales and driving prices higher.
ERIC KISTNER 2017 NETAR President  
Compared to Tennessee Association of Realtors® state wide report, local...
August 13, 2017
By ERIC KISTNER A headache for many buyers and sellers in today's real estate market isn't necessarily the tight inventory, increasing prices or picky lenders. It's the real estate information and news swirling around them like a tornado. It can be very confusing and -  if you're not careful - sets the stage for a costly mistake.
ERIC KISTNER 2017 NETAR President...
August 6, 2017
By ERIC KISTNER Here's a housing market puzzle that has some local market watchers scratching their heads. What's driving the housing demand that has seen two years of record-setting sales, pushed prices to a nine-year high and created a market where 4.5 months of inventory has replaced the 10 to the 11-months historic norm?
ERIC KISTNER 2017 NETAR President
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July 30, 2017
By ERIC KISTNER Everyone has heard about how student debt is a millstone around the neck of Millennials blocking their path to home ownership. While there's no argument that today's young people will have a bigger education cost burden than their parents; there's another side to these stories.
ERIC KISTNER 2017 NETAR President
If you pay close attention to the...
July 29, 2017
By ERIC KISTNER Everyone has heard about how student debt is a millstone around the neck of Millennials blocking their path to home ownership. While there's no argument that today's young people will have a bigger education cost burden than their parents; there's another side to these stories. If you pay close attention to the doom and gloom stories, you will notice many of the faces put on the stories are students who graduated...
July 29, 2017
By ERIC KISTNER It is now clear that low inventory is sidetracking local existing home sales and injecting a new dynamic into the market. It has also pushed the mid-year average home sales price to a nine-year high. So far this year closings have trailed last year's performance for four months. Every month in the second quarter was slightly down from last year implying a very slow topping off of sales. At mid-year, sales were up...

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