By DON FENLEY Buyers have backed off cash sales so far this year. In January, they accounted for 28.9 percent of all sales. They picked up to 31.6 percent in February which is the bottom range for last year’s annual… Read More ›
Home
Data-driven reports on jobs, labor markets, housing and economic trends in Kingsport, Tenn. Bristol, Tenn. Bristol, Va. Johnson City, Tenn.
2022 was a banner year for local house flip sales
By DON FENLEY TRI-CITIES, Tenn. – Investors flipped a record number of homes last year in this inventory-starved market. According to ATTOM, a property data provider, there were 749 flip sales in the region’s two metro areas last year. Combined,… Read More ›
Inventory watchers keep tabs on the pending sales – new listings dance
By DON FENLEY Want to keep your fingers on two metrics that show where inventory is headed? A daily Multiple Listing service check does the trick. But it is monotonous. And since inventory is dynamic, it constantly changes. Here’s a… Read More ›
Johnson City area sees increasing new resident activity
By DON FENLEY Conventional wisdom holds that when inflation is high, people are less mobile. And according to the most recent U-Haul relocation analysis, the Tri-Cities are no longer Tennessee’s top destination. It’s in the top 10 but no longer… Read More ›