News

October 10, 2016
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 far from traditional, for now, this is the new normal. It's not a sellers' market, nor is it...
October 10, 2016
By MARSHA STOWELL There's a buzz in the real estate community that banks still holding foreclosure properties are getting ready to put them on the market. Considering the state of the current inventory of homes for sale might be good news, if that’s true.  Even if it's just wishful thinking, foreclosure filing trends indicate there could be an uptick of offerings in the not too distant future. Before jumping into the foreclosure...
October 10, 2016
By MARSHA STOWELL There are dozens of issues to consider when someone decides it's time to put their home on the market, but one stands head and shoulders above the rest. It doesn't matter if you're in a down market or one where sales are booming as they are here in Northeast Tennessee, strategic pricing plays a critical role in what happens in the all-important first few days when a listing goes public. For the past year, we'...
October 10, 2016
By MARSHA STOWELL July's Trends Report gave pause to those who have gotten used to seeing double-digit sales increases. Year-over-year closings on single-family home sales were up, but only by 5.4%. Don't get me wrong, that's a good number. By historical standards, it signals a strong month for the local market. It was only the second time in seven months it hasn't been in double-digits. So what the heck happened? The first...
October 10, 2016
By MARSHA STOWELL Commercial real estate, like its residential cousin, is on the upswing here in Northeast Tennessee.  A host of indicators monitored by the Northeast Tennessee Association of Realtors' Trends Report all show improvement when compared to the first six months of last year. The only soft indicator is population gain. Data gleaned from NETAR's Commercial Multiple Listing Service (CMLS) show new commercial listings...
October 10, 2016
By MARSHA STOWELL It’s hard to believe schools are back in session. Seems like only yesterday we were watching the first signs of spring and gearing up for the annual peak real estate season. Well, that season hasn't peaked yet. The fact that local home sales took off like a rocket last spring is old news. Closings punched through the 500-a-month mark for the first time in June 2015 then moved past the 600-mark this year. ...

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