News

October 9, 2016
By MARSHA STOWELL Renters got welcome news just as the New Year was dawning near, and it’s not necessarily bad news for the existing home sales market. The good news for renters is it looks like their housing costs will be more affordable in 2016. That doesn’t mean rent reductions, but after a couple of years of increases in the 6% and 7% range, local market conditions are cooling.  At the same time, several major apartment...
October 9, 2016
By MARSHA STOWELL Reaction to the Federal Reserve’s first increase in the key interest rate in almost a decade wasn’t much of a surprise. It was barely a one-day story for most media.  The increase was telegraphed for almost a year, and it took the stronger than expected November jobs report to nudge the FED into taking the baby step.  That’s right, it was a baby step. How else would you describe a 0.25% increase? Still it...
October 7, 2016
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September 14, 2016
Marsha Stowell - 2016 NETAR President
By MARSHA STOWELL Northeast Tennessee's housing market is following a traditional looking seasonal pattern where the single-family homes sale closing peak in early summer then beginning a slow downward arch into fall and the holiday season. While the pattern has a somewhat normal seasonal look on a chart, many other market conditions are...

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