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A turbulent market with a lot of potential

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By DON FENLEY By historical standards, 2022 was a standout year for the Tri-Cities housing market and economy. The shock of mortgage rates doubling helped drive existing home sales from unsustainable levels to a pre-pandemic level. But the FED’s blunt-force… Read More ›

Inventory nudges Greeneville region toward better housing market position

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By DON FENLEY TRI-CITIES, Tenn. – Opinions vary about whether the 2023 Tri-Cities housing market will be up, down, or sideways. Anyway you look at it, next year will be a challenge for everyone concerned, but some submarkets could have… Read More ›

Where are Tri-Cities rentals concentrated by number, occupancy

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By DON FENLEY The undisputed highest concentration of single-family rentals in the Tri-Cities region is in Bristol, Va.’s 24201 zip code. Current data list 4,550 rentals. That’s better than half (66.7%) of all the households in that zip code. And… Read More ›

How to get past skewed housing market predictions

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By DON FENLEY     KINGSPORT, Tenn. – Now is an iffy time to pull out the crystal ball for home sales predictions. Month-to-month data comparisons are about as useful as information from your cousin who sold last year. The standard year-over-year… Read More ›

There’s more to the cash home sales story than out-of-state buyers snatching deals from locals

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By DON FENLEY GRAY, Tenn. – Cash sales are the gold standard and fertile ground for local real estate urban legends.   The most frequently cited antidote involves cash-rich, out-of-state buyers swooping in, overbidding locals, and driving home prices up. There… Read More ›

Tri-Cities pending home sales decline for fifth month

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  By DON FENLEY GRAY, Tenn. – The local housing market looks a lot like the changing season. Home sales are falling like colorful leaves. So far, it’s been a gradual process that hasn’t rocked the market’s boat, but there’s… Read More ›

Affordability biggest threat to Tri-Cities housing market

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By DON FENLEY GRAY, Tenn. – One of the biggest threats to the Tri-Cities housing market is not higher mortgage rates or inflation. It’s affordability, according to the Northeast Tennessee Association of Realtors (NETAR) and other housing data sources. Home… Read More ›

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