Tri-Cities foreclosures up 61% in housing market with tight inventory, high demand

The Tri-Cities is one of the local markets bucking the national foreclosure market trend. And entrepreneurs are taking advantage of it, repurposing of other buildings and new apartment construction to cash in on a housing market where demand has … [Read more...]

Tri-Cities job creation flat in May; how recovery stacks up so far

Tri-Cities employers added no new non-farm jobs in May. There were 1,700 fewer people employed, and the unemployment rate increased to 3.2%. That's not all that bad. During the past five years, jobs have declined three times during the April-May … [Read more...]

Housing affordability takes a hit in Washington Co.; gets small increase in Sullivan

Home price increases and wages that are not increasing as fast dealt a blow to housing affordability as measured by Washington County's Home Price Index during Q2 this year. At the same time, Sullivan County's index improved, according to ATTOM Data … [Read more...]

Local homeowners lean on HELOCs to tap equity; home purchase loan originations decline

Tri-Cities homeowners – especially those in the Kingsport-Bristol Metropolitan Statistical Area (MSA) – leaned on Home Equity Loans during the first quarter to put their equity to work amid increasing home prices and rising rates. At the same time, … [Read more...]