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 average annual unemployment rate of 5% was a … [Read more...]

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 … [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 - it won't help local buyers as much as the the $446 … [Read more...]

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 year-end 2016 Foreclosure Market Report shows filings … [Read more...]