The Tri-Cities economy continued adding jobs in October, and the region’s unemployment rate was in the mid-3% range while labor participation lagged. It has become a common “good-news, bad-news” factor as the region continues to struggle with chronic underemployment conditions… Read More ›
Look at any of the roads around Kingsport on any weekday morning or afternoon, and it’s immediately apparent there’s a lot of commuting going on out there. For this report, we’ll drill down on Kingsport. A similar report on Johnson… Read More ›
There were more rental property vacancies in over than half of the Tri-Cities region’s zip code during the third quarter of this year than last year. And a comparison of non-owner-occupied investment properties shows there are about 11,000 fewer rental… Read More ›
Local employment rates are at historic lows. Homebuilders are the busiest they’ve been since the recession, and there are ample signs of new commercial developments and renovations underway. Consumers are confident and spending. All-in-all the local economy looks pretty good…. Read More ›
Retail sales tax collections slipped for the third straight month in September while Kingsport-Bristol saw its second month of improvement. If Tri-Cities September collections sound a little tepid, you’re right. But it wasn’t just the seven-county Tri-Cities region. The year-over-year… Read More ›
The Tri-Cities economy continued adding non-farm jobs in September while the number of people employed was the highest since January 2011. The seven-county region’s 3.3% unemployment rate was the lowest since 1990. To find a lower rate you have to… Read More ›
Gross single-family rental yields for Washington and Sullivan counties were down in the third quarter, but that doesn’t necessarily signal a down market for landlords – especially in Sullivan County. At the same time, the multi-family market in Sullivan is… Read More ›
