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 ›
BLOG
Are new residents shifting into slower-growth mode?
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
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
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
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
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
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 ›
Thanks for the comment Debbie. It's a snapshot of today's conditions, stay tuned
Always of interest to get confirmation of what I see as the year moves on.
[…] The Tri-Cities employment is in its best shape since the year began, but the gains are concentrated. At the…
Thanks for the question Jeff. Kingsport was not listed because there were no closing of $1 million plus properties during…
Great report Don Why was kingsport not listed ? Jeff Begley Founder & Principal Begley Development LLC