The Tri-Cities spring buying and selling season was off to a pretty good start in mid-April, but the effects of the coronavirus pandemic are beginning to show up. There were 900 more resales in the 12 months ending on April… Read More ›
Data-driven reports on jobs, labor markets, housing and economic trends in Kingsport, Tenn. Bristol, Tenn. Bristol, Va. Johnson City, Tenn.
The Tri-Cities labor market entered its seasonal three-month slump with the loss of 300 nonfarm jobs. At the same time, the number of people employed increased by 363 and the unemployment rate increased to 3.4%. That’s a pretty good labor… Read More ›
Median-price homes were not affordable for average wage earners in 74% of the U.S. housing markets during the second quarter of this year. Fortunately, that’s wasn’t the case in Sullivan and Washington counties. But that doesn’t mean the housing affordability… Read More ›
INFLATION ADJUSTED BUYING POWER UPDATE Inflation-adjusted buying power for the four classes of workers in the Tri-Cities varied when last year’s increased were compared to 2008 averages – the year before the Great Recession hit the local economy. In the… Read More ›