The Tri-Cities labor market had its best jobs-gain month of the year in May. It added 700 non-farm jobs. At the same time, the unemployment rate made a slight increase to 3.4%. In general terms, 3% or less is considered… Read More ›
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Data-driven reports on jobs, labor markets, housing and economic trends in Kingsport, Tenn. Bristol, Tenn. Bristol, Va. Johnson City, Tenn.
Greeneville home sales trend increases; better newcomer data needed
One advantage of looking at 12 months of home sales data ending every month is a better trend picture. Here are a couple of examples from June’s analysis: Greeneville is the only Tri-Cities regional housing market with an increasing average… Read More ›
Tri-Cities still getting new residents, investors attention
Existing home sales continue their slow decline in May. So far this year, they have declined by an average of 0.4% per month even as more new residents continue moving here. That’s a trend calculated on sales for the 12-month… Read More ›
March Land Sales Up, Down From Last Year
March was one of those months when real estate reports were in the up and down mode across the region. Vacant land sales were up 21% from the previous month but down 21.9% from March last year. But that pattern… Read More ›