May preliminary employment report positive – ETSU economist questions accuracy of local Q1 unemployment data

May’s local unemployment numbers are out and the overall preliminary picture is good even though unemployment rates are up and the number of people reporting they have jobs is down. But you might want to look at the most often quoted labor market … [Read more...]

How many Tri-Cities renters are “cost-burdened”

Housing is taking on a new edge with the media  with the release of Harvard’s Joint Center for Housing Studies report that say the number of “cost burdened” renters who spend at least 30% of their income on housing reached 20.8 million in the U.S. in … [Read more...]

Tri-Cities foreclosure, delinquent mortgage rates continue trending lower

Foreclosure and delinquent mortgage rates in the Kingsport-Bristol MSA were back to pre-recession levels in April. The foreclosure rate was actually slightly below 0.50%  - a rate many local real estate professionals consider normal. Rates in the … [Read more...]

Millennials warming up to idea of buying homes

Realtor.com, a leading provider of online real estate services operated by News Corp - a subsidiary Move, Inc., today said millennials have become more positive to taking the plunge into home ownership and are primed to gain market share in the … [Read more...]