April’s Rent vs. Buy Report shows some shifts in the rent position, which now dominates Tri-Cities county markets with one exception. Hawkins County was neutral for the month, down from a 1% cheaper to rent position in January.
CORE DATA
Kingsport by the numbers
Led by Sullivan Co. area high-end home permits increase in Q1; existing market listings, sales down
New permits for Tri-Cities high-end homes during the first three months of this year increased while permit pulls in the Chattanooga, Knoxville, and Asheville metro markets declined from Q1 2018 totals. That’s a reversal of the trend pattern for the… Read More ›
Non-farm jobs flirt with Tri-Cities pre-recession benchmark – recovery status
A hiring surge in the Kingsport-Bristol’s Leisure and Hospitality sector and an upward revision in March’s jobs pushed total Tri-Cities nonfarm employment above the pre-recession benchmark for the third straight month in April. Preliminary, nonadjusted numbers from the Bureau of… Read More ›
New home construction picks ups; Piney Flats sees increased activity
Talk to builders, and they’ll tell you that the Tri-Cities new home industry is booming. The most robust activity can be found in Sullivan and Washington counties. And when you compare new permits pulled in Q1 this year to last… Read More ›
Economic stress flags in housing market. The number of Tri-Cities underwater homes make big increase
March’s existing home sales report from the Northeast Tennessee Association of Realtors is strong. Residential sales were 11.8% higher than last year, the average single-family resale price is up 4.6%. At the same time, it must be noted that the… Read More ›
Index shows Johnson City metro housing market heating up; Kingsport-Bristol cooling off
The local housing market is on the cusp of the prime buying and selling season and markets in the Tri-Cities two metro areas are not in step. Realtor.com’s housing market hotness index shows the Kingsport-Bristol metro area getting cooler while… Read More ›
Johnson City metro area see soft March, Q1 sales tax collection growth; Kingsport-Bristol can’t sustain last year’s performance
March was another soft month for sales tax collections in the Johnson City metro area and the third straight month of negative year-over-year performance in the Kingsport-Bristol area. Seasonally adjusted year-over-year totals from the MTSU’ s Department of Economics and… Read More ›
Excellent and well written !!
I like the “BOOMER BABIES” lol
Donâ¦. Would you be so kind as to add Bristol, Tennessee Vice Mayor Lea Powers to your mailing list? Thank…
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.