News

October 10, 2016
By MARSHA STOWELL Consumers didn't wait for the spring buying and selling season this year and launched area home sales on a record-setting pace that shows little sign of letting up as we enter the summer season.  Pending sales with accepted offers available the end of May were 61% better than May last year across the region monitored by the Northeast Tennessee Association of Realtors.  There are few headwinds pushing against...
October 10, 2016
By MARSHA STOWELL Home sales have been moving at a rapid pace for the past 12 months.  A common experience for many real estate professionals at social or community functions is someone leaning in close and asking, “How’s the market doing?” It’s easy to understand what drives the question. There’s a torrent of information bombarding the public about what’s happening, what isn’t happening and what may happen to the economy. For...
October 10, 2016
By MARSHA STOWELL One big advantage the Tri-Cities housing market has is affordability.  Sales are on a hot streak and prices are increasing, but not so much that it has dramatically reduced affordability. When you crunch the numbers, a buyer earning the median local family income has ample buying power to purchase a median-priced home. That’s a staple for the cost of living here. One affordability concern that’s getting...
October 10, 2016
By MARSHA STOWELL Our local housing market crossed a threshold in April. It was the 12th straight month when there were more closing than there were the same month before the Great Recession. It was also the fourth time closings have moved past the 500 units a month mark since the Northeast Tennessee Association of Realtors launched its monthly Trends Reports. Simply put, we became a hot market in May last year, and the pace has...
October 10, 2016
  By MARSHA STOWELL The wildfires that have earned a seemingly permanent spot on news broadcasts have some homeowners wondering how the fire threat applies closer to their home. That's understandable, but fire isn't the biggest threat. Neither are storms.  The biggest threat is less dramatic. It’s silent and hard to spot. The upside is homeowners can mitigate it and shut it down.  According to the National Pest Management...
October 10, 2016
By MARSHA STOWELL Home owners getting ready to put their homes on the market face some big decisions. There are a couple of critical pricing decisions that will make the process as smooth as possible or ensure a lot of Maalox moments. It's a pretty safe bet that you've heard some talk about a local "inventory problem." There is an issue, but it doesn't mean there's a shortage of homes in the Northeast Tennessee Market. While...

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