Tri-Cities Nov. year-over-year sales tax collections gain leads NE Tenn.

The Tri-Cities lead NE Tennessee in year-over-year sales tax collections in November. According to MTSU’s Business and Economic Research Center, seasonally adjusted collections in Kingsport were up 5.4% from November last year. Johnson City MSA collections were up 4.4%. Morristown collections were up 2.9%. Knoxville collections were up 1.8%. Nashville and Chattanooga saw the largest […]

Tri-Cities see best retail performance in two years, Bristol sales increase leads area

Tri-Cities retail activity made a dramatic improvement in the third quarter. ETSU economist Dr. Steb Hipple said, “it was the best retail performance in two years.” According to his Q3 retail sales report, “On a year-to-year basis, Bristol sales increased 7.3% to $269 million, while Johnson City sales were up 5.1% to $483 million, and […]

New foreclosure filings increase in Tri-Cities during November

New foreclosure filings in the Tri-Cities declined from October’s levels, but were higher than they were November last year. RealtyTrac’s November Foreclosure Market Report shows new filings nationwide were 9% lower than the previous month and down 1% from a year ago. There were 23 new filings last month in the Johnson City MSA compared to […]

October a weak month for new single-family home permits in Kingsport-Bristol, Johnson City MSAs

 By DON FENLEY Talk to Tri-Cities builders and their mood is pretty much in line with the confidence tracked by the current National Association of Home Builders/Wells Fargo Housing Market Index. “Growing confidence among consumers is what’s fueling this optimism among builders,” said NAHB Chairman Kevin Kelly. “Members in many areas of the country continue […]

Sept 2014

Tri-Cities delinquent mortgages show small increases

By DON FENLEY Tri-Cities mortgage delinquencies saw minor increases in September . According to CoreLogic’s current Foreclosure and Mortgage Delinquency Report 3.21% of the mortgages in the Kingsport-Bristol MSA was 90 days or more delinquent, up from 3.22% in August. When compared to September last year the rate is down 0.5%. Delinquencies have trending higher since […]

Q3 2014 1 yr

Kingsport-Bristol, Johnson City MSA 1-yr FHFA Indices show 2%+ appreciation

By DON FENLEY Third quarter home prices in both Tri-Cities MSAs were more than 2% better than they were during Q3 last year. The just released Federal Housing Finance Agency’s All-Transaction HPI also shows the 5-year HPI for both MSA is back in positive territory. The 1-year HPI are: – Johnson City, up 2.35%. – […]

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