News

July 28, 2019
By KAREN RANDOLPH
KAREN RANDOLPH 2019 NETAR President
Fannie Mae has lowered its last half of 2019 mortgage rate forecast for a 30-year fixed-rate mortgage. It dropped from 3.9 percent to 3.7 percent. At the same time, Fannie increased its expectation that home prices would grow to 5.4 percent, up from its previous forecast of 4.6 percent. The mortgage...
July 21, 2019
By KAREN RANDOLPH
KAREN RANDOLPH 2019 NETAR President
There were some eye-popping firsts in June’s Housing Market Report from the Northeast Tennessee Association of Realtors (NETAR). At the same time, the data has some subtle and not-so-subtle things to say about local market conditions and trends. The average price for a single-family resale was $188,...
July 14, 2019
By KAREN RANDOLPH  
KAREN RANDOLPH 2019 NETAR President
 News video showing homeowners coping with a series of strong earthquakes are a somber reminder of the constant and varied threats to housing. Last weekend the focus was on Ridgecrest California. It was the epicenter of a 7.1 earthquake and experts warn this is a sequence that will likely see more...
July 7, 2019
By KAREN RANDOLPH Last month mainstream media turned its attention to a housing inventory and affordability issue that has been percolating for years.
KAREN RANDOLPH 2019 NETAR President
The annual Joint Center for Housing Studies at Harvard’s “The State of the Nation’s Housing” report and Attom Data Solutions’ Second Quarter U.S. Home Affordability Report came down in the same...
June 30, 2019
By KAREN RANDLOPH
KAREN RANDOLPH 2019 NEAR President
The Northeast Tennessee Association of Realtors® (NETAR) and Realtor Property Resource (RPR) is reporting 958 new approved contracts – pending home sales - in May bringing the total active number of deals to 1,350. Don’t expect all of them to close. NETAR’s Pending Sales Index shows an 8 percent...
June 23, 2019
By KAREN RANDOLPH
KAREN RANDOLPH 2019 NETAR President
Closings on home sales were down for the third time this year in May.  That decline is one more year-over-year compared to 2018 in the 11-county market monitored by the Northeast Tennessee Association of Realtors® (NETAR).  So, if sales are slowing down, why are my Realtor® colleagues at NETAR saying...

Pages