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Is housing squeezing government sales tax share?

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By DON FENLEY TRI-CITIES – One affordable housing and high rent effect that so far has gotten little attention is the bite it’s taking out of the sales tax that drives local economies. Look at it this way. People spend… Read More ›

Tri-Cities sales tax collections decline

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By DON FENLEY TRI-CITIES, Tenn. – State sales tax collections are up from last year, but the growth rate has plunged from 15% in February to 0.2% in May. So far this year, non-adjusted collections in the Johnson City metro… Read More ›

Housing moderates, growth focus turns to labor market

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By DON FENLEY TRI-CITIES, Tenn. – One advantage of watching long-term real estate trackers is it helps cut through many of the contradictions and confusion that are staples during market cycle transitions. The TCI’s Appalachian Highlands long-term housing market tracker… Read More ›

Average local income, economy putting pressure on residents

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By DON FENLEY TRI-CITIES, Tenn. – The typical Tri-Cities family has an average household income of $66,773, according to the Census. That is about 6% less than what the typical U.S. family earns. But neither reach the level respondents to the… Read More ›

Housing affordability ABC’s; Sullivan current least affordable market

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By DON FENLEY TRI-CITIES, Tenn. – Sullivan Co. kept the dubious distinction of having the least affordable housing in the Appalachian Highlands in the current version of Atlanta Federal Reserve Bank’s Homeownership Affordability Tracker. The numbers are valid, but the… Read More ›

Johnson City snares $500K hot-spot status, but… 

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By DON FENLEY TRI-CITIES, Tenn. – Everyone knows Johnson City is the region’s top housing market. That’s a fact. But last month its 82 sales were second place to the 95 in Kingsport. Where it did shine was at the top… Read More ›

Affordable housing isn’t another term for government help

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By DON FENLEY TRI-CITIES, Tenn – Despite some common public opinion, affordable housing is not another name for government assistance.  The two primary formulas to gauge affordability are the financial model and the percentage of income spent on housing.  The… Read More ›

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