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There’s more to housing demand than newcomers

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By MICHELLE DAVIS   Most focus on who’s buying homes is on newcomers, and the just-released Census population estimates affirm that more are on the way. There might not be quite as many of them as there have been, according to… Read More ›

Are new residents shifting into slower-growth mode?

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By DON FENLEY The U-Haul Growth Index has been welcome news in the Tri-Cities since the pandemic. That was especially true in 2020, when the Tri-Cities area was at the top of state one-way destination gains. Tennessee has relinquished the… Read More ›

Home sales down; tourism growing the economy

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By DON FENLEY Higher mortgage rates, lack of inventory, and inflation continue driving a whipsawed performance for existing home sales in the Tri-Cities region. September’s annualized sales declined 1.7 percent from those during the 12-months ending in August, according to… Read More ›

Price – new homes competing with existing inventory

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By DON FENLEY TRI-CITIES, Tenn. – Buyers in today’s challenging housing market face a unique choice. Simply put, the stubborn lack of existing home inventory and stepped-up new home construction are presenting increasing examples of new home prices competing with… Read More ›

Odds for local home price drop not good

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By DON FENLEY   TRI-CITIES, Tenn. – The housing market is in uncharted waters, and it’s throwing homebuyers for a loop. And the most recent top-down market analysis doesn’t offer much for locals. The latest wisdom:  it’s unlikely prices will… Read More ›

Inventory is housings most pressing issue

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By DON FENLEY TRI-CITIES, Tenn. – Despite growing affordability concerns, the local housing’s biggest challenge is inventory. The situation can be summed up in a simple, short sentence. Home buying demand is high while housing continues at record lows. Context… Read More ›

Spotlight on cash sales, discounts for June’s local home sales

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By DON FENLEY GRAY – Cash hasn’t lost its luster in this market of fewer sales and higher prices. During the second quarter, there were almost 700 cash sales. That’s 36% of all existing single-family and condo sales. The market… Read More ›

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