CORE DATA

foreclosures

Local foreclosures filings returned to recession levels during 2016

Although foreclosure activity dropped to a 10-year low on the national level, properties with filings in the Tri-Cities region were back to recession levels in 2016. ATTOM Data Solution's … [Read More...]

It’s still cheaper to buy than rent in Sullivan and Washington counties; market shifts to favor renters over landlords

Sullivan and Washington counties are among the 345 counties nationwide where buying remains cheaper than renting. That's according to ATTOM Data Solutions current Rental Affordability Report. The … [Read More...]

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Q3 retail sales post gains everywhere except Kingsport

Tri-Cities retail sales enjoyed a robust third quarter with one very notable exception. Kingsport's retail expansion that began in 2012 seems to have run out of steam. ETSU Economist Steb … [Read More...]

nov-sales-tax

Tri-Cities sale tax collections continue slump in November

Morristown was the only MSA in NE Tennessee that had positive sales tax collection in November. Both Tri-Cities Metro areas were down, and Knoxville posted the region's biggest year-over-year … [Read More...]

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Indicators show Tri-Cities home prices continue trending lower

Home prices in the Tri-Cities two Metropolitan Statistical Areas continued trending lower in November on two major price indicators. The CoreLogic House Price Index and the Northeast Tennessee … [Read More...]

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Tri-Cities gets better than average Nov. jobs growth report

Tri-Cities employers added 500 jobs in November. The unemployment rate dropped to 5%, and the jobs growth rate continued trending lower. Preliminary, non-adjusted nonfarm job growth for the … [Read More...]

Tri-Cities commercial real estate development flat in Q3, shows slow year-to-date improvement over 2015

Year-over-year growth of commercial construction was down by three permits in the third quarter, but year-to-date the market is on a slow-growth pattern similar to the average sales price of … [Read More...]

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BENCHMARKS

Bristol, Johnson City, Kingsport restructuring: less employment, more part-timers, but there are exceptions

It’s no surprise part-time jobs replaced a bunch of full-time Tri-Cities jobs during the Great Recession. But just-released city-level Census data shows the work status decline isn’t as drastic as the talk you hear on the street. And there are a couple of exceptions to the trend. Kingsport’s employment is higher than it was before […]

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Johnson City, Kingsport eek out 2015 population gains; demographic issue weighs on local economy

Census data released last week show Johnson City and Kingsport were the only major cities in the seven-county region to gain population in 2015. And in Kingsport’s case, the gain was only 0.1%. The news follows earlier reports that show Washington County TN was the only county in the region to see a 2015 population […]

Johnson City MSA retail GDP up 29.4% – Kingsport-Bristol up 5.7% since 2001

Every month locals can get an update on how the Tri-Cities retail economy is performing by sales tax collections. And every quarter, ETSU economist Steb Hipple’s retail sales analysis is available. They are good indicators. But there’s another way to look at retail trade and its role in the Tri-Cities’ economy. If you use real […]