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...]

Almost 13% of Tri-Cities home sales are co-buyer purchases

There was a time when a married couple was the dominant demographic for home buying. But not anymore. Singles – especially single women -  and unmarried couples have joined the ranks of homeowners as co-buyers. There are also increasing numbers of … [Read more...]