CORE DATA

high-end-homes

Washington Co. VA moves into top 2016 Tri-Cities spot for high-end home permits

Washington County VA topped the high-end home market in 2016, but it was a crowded field. A high-end home in the Market Edge's Residential Building Permit Trend Report is one with over 4,000 … [Read More...]

regional-new-home-permits

Small counties drive 2016 Tri-Cities new home permit growth; Sullivan, Washington see little-to-no growth

New home construction in the Tri-Cities region continued a conservative, slow-growth pattern that was up 7% last year. The increase was driven by activity in the region's smaller counties as the two … [Read More...]

Equity analysis shows strength of NE Tenn. housing markets

The number of local homeowners with mortgages who moved into the equity-rich class increased in 2016. And in Johnson and Sullivan counties more than a third of all mortgaged homes are now equity … [Read More...]

total-dec-hpi

Indexes show Tri-Cities home prices finish the year in stabilized trends pattern

Tri-Cities home prices settled and finished 2016 in a pattern than lined up on both the CoreLogic Home Price Indexes and the Northeast Tennessee Association of Realtors Trends Report. That a … [Read More...]

December Tri-Cities sales tax gains trail Knoxville, Morristown; show year-over-year improvement

December sales tax collections dipped below November but were higher across Northeast Tennessee than December last year. MTSU's monthly seasonally adjusted sales tax collections report shows … [Read More...]

jobs-employment

2016 was a growth year for Tri-Cities job creation, employment

2016 was a good year for the Tri-Cities labor market. Employers added 2,400 nonfarm jobs despite a steadily decreasing growth rate. Employment and the labor force increased from 2015 totals, and the … [Read More...]

Trump axes FHA premium cut, here’s how much it would have cushioned local FHA loans

As expected President Trump put the brakes on the FHA’s planned mortgage insurance premium reductions. Even if the reduction has been approved - or it some pro-housing lobbies get it reinstated - … [Read More...]

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BENCHMARKS

johnson-city-high-income

Tri-Cities sees growth in high-income households; Johnson City scores the largest number of them

Johnson City dominates in the number of high-income households in the Tri-Cities. It also outnumbers the region’s other major cities in all but one of the three Census Bureau high-income households range. That outlier is Kingsport. It has 810 households in the $150,000 to $199,999 range compared to Johnson City’s 792. How the number of […]

share-by-income

Johnson City leads lower middle-income Tri-Cities growth; Bristol has largest share of middle-income households

Tri-Cities households have undergone changes in the wake of the Great Recession that may not be as dramatic as reports on the “hollowing out of the middle-class” but are reshaping local demographics. For instance: The number of middle-income households has increased by almost 6% since the recession. Most of that growth is in the $50,000 […]

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 […]