TRI-CITIES JOBS

Sept Tri-Cities

Kingsport-Bristol only state MSA with Sept. sales tax collection decline

By DON FENLEY The Tri-Cities economy continued marching to its own drummer in September. Seasonally adjusted sales tax collections in every MSA in the state increased with the exception of Kingsport-Bristol. Year-over-year there were down 2.8%. Compared to August they were down 10.1%. The data comes from the MTSU’s Business and Economic Research Center. Collection […]

Bristol VA  only  local “worse off” housing market  on  election scorecard

 By DON FENLEY Political operatives and number crunchers are very good at their craft. They were among the first to employ big data with market segmentation to up the odds of improving their guy’s position. But unless the market was very good – or very bad – housing data hasn’t seen a high-profile status in […]

Q3 total foreclosure filings down in Tri-Cities, notice of trustee sales increase

By DON FENLEY Tri-Cities foreclosure filings roughly parallel the national trend during Q3 according to RealtyTrac’s Q3 analysis and report. Across the nation new filings were down 16% from a year ago but up 0.42% from Q2 – the first quarterly increase since the third quarter of 2011. The three-county Johnson City MSA saw total […]

Carter Co. top Tri-Cities rental market in Q3, yields in all but Washington Co. higher than national average

  By DON FENLEY Carter County ranked as the best market for buying residential rental properties in the Tri-Cities during Q3 this year. But based on annual gross yields things were also pretty good in Greene, Hawkins and Sullivan counties. Along with Carter they ranked a higher yield than the national average. Washington County was […]

HELOCs

Kingsport-Bristol home equity loans down after hitting 2013 high mark

By DON FENLEY Kingsport-Bristol homeowners cut back on Home Equity Lines of Credit (HELOCs) in the 12-month period ending in June this year after hitting an high-point high last year. According to RealtyTrac’s first U.S. Home Equity Line of Credit Trends Report, local homeowners were a year ahead of the borrowing trend and are not […]

aUG 2014

Report shows Tri-Cities, national Aug. home price increases in 6% range

By DON FENLEY CoreLogic’s August home price index shows the numbers for the nation, Kingsport-Bristol and Johnson City MSAs in close alignment. The report shows national home prices increased by 6.4% year over year. This marks the 30th consecutive month of year-over-year increases in the CoreLogic Home Price Index (HPI). The Johnson City MSA’s year-over-year […]

Tri-Cities Q2 commercial construction trails last year’s pace

By DON FENLEY Commercial Real Estate construction picked up in the Tri-Cities in the second quarter when compared to Q1, but lagged the 2013 Q2 total. According to the Market Edge’s Q2 report, 171 commercial building permits with a construction value of $113.1 million were issued in seven-county region. During the same period last year […]

Seven Tri-Cities hospitals face Medicare readmission fines

By Jordan Rau Kaiser Health News Staff Writer Medicare is fining a record number of hospitals – 2,610 – for having too many patients return within a month for additional treatments, federal records show. Eleven Northeast Tennessee area hospitals are on the list. Seven of the 11 are in the Tri-Cities. Eight of the hospital face […]

Carter, Greene, Hawkins, Sullivan gross yields on rental properties higher than national average

By DON FENLEY Greene, Carter, Hawkins and Sullivan counties had gross yields on rental properties higher than the national average according to the RealtyTrac Q3 Residential Property Rental Report. For the report, RealtyTrac analyzed median sales prices for residential properties and average fair market rents for three bedroom properties in 586 U.S. counties. Rental returns […]

August JC

New home permits up sharply in Johnson City MSA; Kingsport-Bristol at 10-year low. Builder confidence high. Tri-Cities leads E. Tenn. permit pulls in Q2

BY DON FENLEY The Tri-Cities’ new home sector was a mixed bag in August. It was the best month for single-family, privately owned permit pulls since 2006 in the Johnson City MSA. That was driven by the next phase of Mitch Cox’s Boone Ridge Townhome project coming on line. At the same time, permits in […]

U.S. sees second largest jobs gain this year in September

The labor market rebounded sharply in September as employers added 248,000 jobs, the second largest gain for any month this year. The unemployment rate fell to 5.9% from 6.1%, lowest since July 2008, the Labor Department said Friday State and local reports for September will be released later this month. In August the Kingsport-Bristol labor […]

ETSU retail sales report shows Tri-Cities gains, but…..

ETSU economist Steb Hipple’s second quarter Tri-Cities Retail Sales report shows the dollar value was up in all three of the Tri’s major cities. That’s a marked improvement over the first quarter. But don’t’ break out the bubbly just yet. Hipple’s analysis of the numbers was on the dour side. “Retail activity in the Tri-Cities […]

August sales tax collections increase in 3 of 4 NE Tenn. MSAs

Sales tax collections of three of the four NE Tenn. MSAs tracked an almost identical year-over-year increases in August. According to MTSU’s Business and Economic Research Center adjusted collections were 3.8% higher in the Johnson City MSA, 3.6% higher in the Kingsport-Bristol MSA and 3.8% higher in the Knoxville MSA when compared to Augusts last […]

July

July a pretty good new home month in Tri-Cities despite historical view

By DON FENLEY There’s an upbeat attitude among many local new home builders that doesn’t show up in the number of privately owned, single-family new home permits. July’s year-to-date performance in the Tri-Cities was the second worst since 1995. That long view shows the local new home market seriously lagging its per-recession level – and […]

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