Kingsport-Bristol wages up in July, Johnson City MSA wages in negative territory

Kingsport-Bristol private sector wages posted another increase in July while Johnson City MSA workers saw their pay slip back into negative territory. July was the 12th straight month Kingsport-Bristol the average weekly wage increased on the … [Read more...]

Tri-Cities July labor market shows growth despite seasonal softness

The Tri-Cities’ labor market saw typical seasonal softness in July compared to June totals. But non-adjusted, preliminary nonfarm job and employment data showed six straight months of year-over-year growth. And the picture gets stronger with the … [Read more...]

Tri-Cities foreclosure, delinquent mortgage rates remain at pre-recession levels

Foreclosure and delinquent mortgage rates remained at pre-recession levels in June, according to CoreLogic. The Kingsport-Bristol foreclosure rate has been at 0.48% since April. That’s 0.16% less than it was June last year and the fifth straight … [Read more...]

Tri-Cities counties’ all-cash home sales continue outperforming national market share

The share of all-cash homes sales in the Tri-Cities was higher than the national share again in July. According to RealtyTrac’s July Home Sales Report all-cash buyers accounted for 22.6% of all single family home and condo sales in July, down … [Read more...]