BENCHMARKS

household change

Kingsport-Bristol sees most vigorous Tri-Cities high-income household growth during recovery

An earlier post that examined household income and benefits in the 2008-2014 recession recovery period illustrated how Kingsport-Bristol weathered the … [Read More...]

KB#2 income

Full-time male, female Kingsport-Bristol workers post largest Tri-Cities recovery wage gains

Income comparisons for the cusp of the Great Recovery in the Tri-Cities show how much the Kingsport-Bristol and Johnson City MSAs were alike in all … [Read More...]

k-B income

Kingsport-Bristol all households – family incomes weather recession better than Johnson City MSA

These charts were developed from total income and benefits portions of the DP03 data sets (Selected Economic Characteristics) in the 1-year American … [Read More...]

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CORE DATA

Reo trend

REO sales play diminished role in NE Tenn. markets; institutional investor activity down

Foreclosure sales played a diminished role in the Northeast Tennessee market last year. The foreclosure and delinquent mortgage rates have returned to pre-recession levels and the inventory is not as attractive. REO sales and short sales saw their biggest local increases during 2015 in the Bristol VA and Washington Co. VA markets. Unicoi and Johnson […]

All cash sales

N.E. Tenn. all-cash home sales increase in 2015; market share down due to higher sales volume

The market share of all-cash home sales was down in all but two Northeast Tennessee county housing markets last year, but only because increasing sales skewed the percentages. In real numbers the all-cash sales increased in all local counties included in the RealtyTrac Year-End Home Sales report. And even thought all-cash sales as a share […]

Tri-Cities job trend shows more service providing jobs; good producing sectors lagging

There’s a question that shows up each month after the current labor market reports are published. I ask, “Where are the jobs?” The truth is the question is misdirected. The monthly payroll and household surveys are trailing indicators. And the data for the most current month is preliminary. It changes a little on the following […]

new commercial

Tri-Cities 2015 commercial building permits up 10.3%; lead E. Tenn. in y-y change

New commercial construction permits in the Tri-Cities last year were up 10.3% compared to 2014.  The Tri-Cities also led the other two East Tennessee regions in year-to-year gains. New permits in Knoxville were 3.6% better than 2014 while the Chattanooga region declined by 11.6%. Sullivan County and Washington County TN dominated the region in the […]

Kingsport-Bristol, Johnson City MSA wages up in Dec.

Private sector wages were up in both of the Tri-Cities’ two regions in December. The average for the three-county Johnson City MSA saw its highest year-to-year gain (2.2%) in December, which was the fifth straight month it has increased. The increase in the four-county Kingsport-Bristol MSA was 1.8%.  It increased every month last year. According […]

450 jobs

Dec. Tri-Cities jobs above pre-recession level, employment makes strong gain

The Tri-Cities labor market closed 2015 with the second straight month of more non-farm jobs than there were before the recession. At the same time employment – a separate labor market indicator – saw its second largest monthly year-to-year gain this year. Preliminary, non-seasonally adjusted reports from the Bureau of Labor Statistics and Census Bureau […]

Ready475

Equity positions for most local housing markets higher than national, state levels

Takeaways: At the end of 2015 there were 24,474 area homes that were equity rich. At the same time, there were 8,527 homes that were seriously under water. Of the local homes in foreclosure most have equity, much more than those that are seriously underwater. THE SHARE of local equity-rich homes at the end of […]

Dec y-y

Kingsport-Bristol Dec. sales tax collections soar, increase at sower pace in Johnson City MSA

Kingsport-Bristol sales tax collections were again on the upswing in December. The four-county MSA’s year-to-year change put it second to Nashville for the best state-wide December performance. Collections in the three-county Johnson City MSA were a little off their November pace but in line with the more moderate growth when compared to Kingsport-Bristol. Together, they […]

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