Tri-Cities all-cash home sales were down in all but three counties in May compared to May last year. Case sales were a higher portion than the rest of the nation in all but three local counties. According to CoreLogic’s May Home & Foreclosure Sales Report, Washington counties TN and VA were the only counties with […]
Housing is taking on a new edge with the media with the release of Harvard’s Joint Center for Housing Studies report that say the number of “cost burdened” renters who spend at least 30% of their income on housing reached 20.8 million in the U.S. in 2013. During the past year there have been several […]
Foreclosure and delinquent mortgage rates in the Kingsport-Bristol MSA were back to pre-recession levels in April. The foreclosure rate was actually slightly below 0.50% – a rate many local real estate professionals consider normal. Rates in the Johnson City MSA continue trending lower, but are still slightly above pre-recession levels. According to current CoreLogic reports […]
Realtor.com, a leading provider of online real estate services operated by News Corp – a subsidiary Move, Inc., today said millennials have become more positive to taking the plunge into home ownership and are primed to gain market share in the second half of the year, based on the results of its consumer behavior survey […]
By DON FENLEY Kingsport-Bristol returned to a spot in May that it had earlier this year as the MSA with the highest gains in retail sales tax collections. According to MTSU’s Bureau of Economic and Research Center, seasonally adjusted year-over-year collections in the four-county MSA were up 10.9% in May. Nashville had the next best […]
By DON FENLEY Notices of Trustee Sales for the first five months of 2015 compared to the same period last year are up 245.8% in five Tri-Cities counties monitored by RealtyTrac Foreclosure Reports. NTS began increasing last year have mushroomed to 453 so far this year. Counties included in the count are Washington, Carter, Unicoi, […]
According to Kingsport city records, the Local Option Sales Tax revenue for the month of April was $1,357,635 which was $69,400 above budget and $102,400 above last year’s actual. The Year to Date Total is $308,500 over budget and $78,100 over last year which is a 5.97% increase over last year’s actual.
ETSU Economist Dr. Steb Hipple is reporting that retail activity increased in Kingsport, Bristol and Johnson City during the first quarter despite severe weather conditions. “Compared to 2014, Bristol sales were higher by 4.4% to $250 million, Kingsport sales rose 4.4% to $379 million, and Johnson City sales were up 2.0% to $457 million. Due […]