By DON FENLEY Foreclosure and delinquent mortgage rates in the Tri-Cities continued performing at near pre-recession levels according to the March updates from CoreLogic. Delinquent mortgages in both the Kingsport-Bristol and Johnson City MSA trended lower for the third straight month when compared to the same moths of the previous year. Foreclosures in Kingsport-Bristol declined […]
By DON FENLEY Tri-Cities foreclosure filings have steadily increased this year and in April more than tripled what they were a year ago. According to RealtyTrac’s April Foreclosure Report there were 163 new filings last month compared to 48 the same month last year. The bulk of the filings continue to be Notice of Trustee […]
By DON FENLEY Population decreased in four of the six Tri-Cities Tennessee counties last year. Here’s the 2013 – 2014 population change according the Census data: Washington Co. – up 681. Sullivan – up 353. Carter – down 445. Johnson – down 118. Unicoi – down 114. Hawkins – down 96.
By DON FENLEY The Tri-Cities’ population grew by 912 April 1, 2010 – July 1, 2014 due to growth in the three-county Johnson City MSA negating losses in the four-county Kingsport-Bristol MSA. The growth was driven by migration to the region since the death rates in both regions is greater than the birth rate. Census […]
By DON FENLEY Kingsport-Bristol led Northeast East Tennessee MSAs in an adjusted sales tax collections decline in March. It was the second straight monthly decline for Kingsport-Bristol, according to the Business and Economic Research Center at MTSU. At the same time the three-county Johnson City outperformed the other Northeast Tennessee MSA in that its declines […]
By DON FENLEY Some of the shine came off house flipping in the Tri-Cities during the first three months of this year. But Sullivan and Washington counties’ share of flipped homes remains on par with the national average. Flippers in the two largest county markets – Sullivan and Washington TN – made money, but the […]
By DON FENLEY The Tri-Cities’ two Home Price Indices turned higher in March in a continuation of the roller coaster performance that began November last year. According to CoreLogic’s March report: JOHNSON CITY MSA – Home prices, including distressed sales, increased 2% compared to March 2014. On a month-over-month basis there were up 1.7% compared […]
By DON FENLEY Permits for new commercial construction in the Tri-Cities increased during the first three months of 2015 while permits in the other East Tennessee regions declined. According to the Market Edge, the number of local permits were up 25% compared to Q1 last year. During the same period permits declined in the Knoxville […]