News

May 4, 2019
By KAREN RANDOLPH The Days on Market (DOM) metric found at the bottom of housing market updates is more than just a data point. It is a marketing tool and indicator.
KAREN RANDOLPH 2019 NETAR President
In simple terms, DOM is the number of days from the date a property is listed to the signed contract date. It is an indicator in the marketplace, and can...
April 27, 2019
By KAREN RANDOLPH Buckle your seat belt...the spring home buying and selling season is shifting into high gear. Last week’s column was about the inventory squeeze, and like the number of rainy days we are seeing this spring, it is not letting up.  March’s new approved contracts set another record. They surpassed the number of new listing and closings on residential resales.  Realtors® are monitoring a noteworthy market sub trend...
April 21, 2019
By KAREN RANDOLPH Trying to explain the local housing market is tricky these days because we’re seeing conditions that even some of most senior real estate professionals have never seen before.
Karen Randolph 2019 NETAR President
For instance, consider the housing market’s version of March Madness.  Home sales were down compared to March last year.  But...
April 14, 2019
By KAREN RANDOLPH
KAREN RANDOLPH 2019 NETAR President
Housing affordability is getting attention in the media, and it has caught the eye of policy makers in Washington, D.C. The core issue was illustrated in the headline for Attom Data Solutions’ Q1 Housing Affordability Report. Their findings concluded the average wage earner could not afford a median-...
April 6, 2019
 By KAREN RANDOLPH Putting a fresh appeal on an older home can be a marketing challenge for some local sellers. The majority of Northeast Tennessee homes have some age on them. More than half (58 percent) of the homes in the three-county Johnson City metro area is 20 years old or greater. In the four-county Kingsport-Bristol metro area, the share of 20 years old or older homes is 69 percent....
March 31, 2019
By KAREN RANDOLPH Spring is the time of year when real estate professionals are busy preparing for the housing market's prime buying and selling season. It's also when they take the time to observe the 1968 anniversary of the Fair Housing Act. 
KAREN RANDOLPH 2019 NETAR President
This year the National Association of Realtors® (NAR) is also supporting...

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