CORE DATA

Q1 new residential

Tri-Cities home builders say they’re ‘busting it’ despite permit declines

By DON FENLEY Ask a Tri-Cities builder how things are going and you’ll get a response from most that they “busting it.” Several will add that they’re at a point where they only way to increase capacity would mean expansion. A quick drive around of local development sites affirms new homes are coming out of […]

All investors

Mom-and-pop investors pick up slack in local housing markets

 By DON FENLEY Most of the time national housing trends don’t jibe with what’s happening locally. ReatyTrac’s Q1 Cash, Investor and Distressed Sales Report is an exception to that norm. “The first quarter sales data broken down by owner-occupancy status suggest two important trends in the housing market: first, investor activity continues to represent a […]

Kingsport-Bristol foreclosure rate at 6-year low; delinquent mortgages, foreclosures down across Tri-Cities

By DON FENLEY Kingsport-Bristol’s foreclosure rate fell to a six-year low in the current CoreLogic report, and the delinquent mortgage rate is almost at same level. The Johnson City MSA’s foreclosure rate trend is also down but it has shown slight movement up and down since August.  The same is true for the delinquent mortgage […]

Mar

Kingsport-Bristol leads Tenn. in March sales tax collection declines

By DON FENLEY Kingsport-Bristol was a state leader again this month in sales tax collection comparisons as reported by MTSU’s Bureau of Economic Research Center. But this time it was all about declines. Kingsport-Bristol has the largest percentage decline among state MSAs when March collections were compared to February.  On the year-to-year comparison Kingsport-Bristol  had […]

Q1 ER

Some Tri-Cities homeowners cash in on home equity, seriously underwater mortgages increase

By DON FENLEY The number of homeowners in an equity-rich position has declined in most Tri-Cities counties. At the same time, the number of seriously underwater mortgages increased. That’s the broad sweep from RealtyTrac’s Q1 Equity and Underwater Report. Compared to a national benchmark, four local county markets had a higher percentage of seriously underwater […]

q1 foreclosures

Tri-Cities foreclosure filings up 23% in Q1; NTS drives increase

By DON FENLEY Tri-Cities foreclosure filing during Q1 increased 23% compared to the same period last year. Notice of Trustee Sales was the increase driver. According to RealtyTrac’s Q1 Foreclosure Market Report, REO filings in the NE Tennessee Tri-Cities counties was down in Q1 in all the counties except Sullivan where the total was unchanged […]

Here’s how much Tri-Cities homes were discounted for early April sales

By DON FENLEY Early April has seen aggressive discounting from listing prices in most of the region’s city housing markets. According to Realtor.com’s current tracking the average highest percentage and dollar reduction in the major city markets have been made in Bristol, VA.  The second largest average dollar discounts came in Johnson City. Here’s the […]

Feb2014

Tri-Cities home price indexes continue softer prices trend

By DON FENLEY Tri-Cities home prices continued advancing a softer price trend according to the current CoreLogic Home Price Index. Prices in both of the MSAs that make up the Tri-Cities are positive when compared to the same months of the previous year, but have been receding since last September.  In February the Tri-Cities’ HPI […]

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