News

June 25, 2017
By ERIC KISTNER The Northeast Tennessee Association of Realtors®' (NETAR) mission statement is simple and to the point.  The goal is "to serve our members through Education, Professionalism, and Legislative involvement." Legislative involvement was in the spotlight this month. The highlight was a two-day visit from Hagan Stone. Hagan is a Nashville Realtor® and currently chairman of the National Association of Realtor's Realtors...
June 18, 2017
By ERIC KISTNER It is fitting that the May Trends Report came out just in time for the June recognition of National Homeownership Month. It is fitting because after lagging record-level home sales for two years prices are beginning to climb. There's no way around the fact that higher home prices usually result in lower affordability. However, while that is an issue in some markets, it is not as much of an issue here. It is not...
June 11, 2017
By ERIC KISTNER There are a little more than 57,000 Tri-Cities Millennials who are 25-34 years old – the prime years for first-time homebuyers. Of that group, almost 38,000 of them are renting, according to estimates. Like many local renters, they are paying more to rent than they would be paying for a mortgage on a median-priced home.  Millennials are not dummies. They may be debt-burdened from their student days and still gun...
June 4, 2017
By ERIC KISTNER Commercial real estate – as measured by new construction permits and their value estimate – was softer during the first quarter than previous years.  At the same time, there's ample commercial property listed. Sales were up from last year while the number of leases declined, which reflects the decline in new construction. The permit decline was driven by fewer pulls in three of the region's largest markets –...
May 28, 2017
ERIC KISTNER 2017 NETAR President  
By ERIC KISTNER It had to happen. For a couple of years, the Northeast Tennessee and Tri-Cities region has seen existing home sales setting records every month. However, the average sales price during that period was stubbornly low. Last year single-family resales were up 15.3%. The average sales price was up 2.3%. That is not very good news...
May 21, 2017
By ERIC KISTNER Anyone who has ever bought a home would agree that it's a big financial decision – the biggest many families ever make. And it comes with equal amounts of excitement, confusion, and frustration. Partnering with a local Realtor® is a time-tested way to knock the sharp edges off the confusion and frustration elements, and Realtors® agree that the home inspection is a crucial procedure to understand....

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