Tri-Cities cash sales higher than U.S. avg; distressed sales declining

All-cash home sales in the Tri-Cities area were higher than the national average during the first-half of 2015 but followed the national trend lower when compared to the same period last year. Distresses sales in three local counties were higher than … [Read more...]

FHFA index shows mortgage rates increased in June

Nationally, interest rates on conventional purchase-money mortgages increased from May to June, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by … [Read more...]

Tri-Cities delinquent mortgages at 64-month low

Another key economic stress point for the Tri-Cities housing market posted declines in May. CoreLogic’s Delinquent Mortgage Rates for the four-county Kingsport-Bristol and Johnson City MSAs continued their 64-month decline in May.  The rate in … [Read more...]

Tri-Cities foreclosure rates back to pre-recession levels

Tri-Cities foreclosure rates continued pushing 7-year lows in May. Kingsport-Bristol’s rate was slightly below the pre-recession norm for the second straight month in May. The Johnson City MSA rate is slowly declining and 0.07 points from the … [Read more...]