CORE DATA

Kingsport by the numbers

Indexes show Tri-Cities home prices finish the year in stabilized trends pattern

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Tri-Cities home prices settled and finished 2016 in a pattern than lined up on both the CoreLogic Home Price Indexes and the Northeast Tennessee Association of Realtors Trends Report. That a good sign because while the two reports focus on… Read More ›

December Tri-Cities sales tax gains trail Knoxville, Morristown; show year-over-year improvement

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December sales tax collections dipped below November but were higher across Northeast Tennessee than December last year. MTSU’s monthly seasonally adjusted sales tax collections report shows collections were 4.2% better than December last year in the Johnson City MSA and… Read More ›

2016 was a growth year for Tri-Cities job creation, employment

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2016 was a good year for the Tri-Cities labor market. Employers added 2,400 nonfarm jobs despite a steadily decreasing growth rate. Employment and the labor force increased from 2015 totals, and the average annual unemployment rate of 5% was a… Read More ›

Johnson City leads lower middle-income Tri-Cities growth; Bristol has largest share of middle-income households

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Tri-Cities households have undergone changes in the wake of the Great Recession that may not be as dramatic as reports on the “hollowing out of the middle-class” but are reshaping local demographics. For instance: The number of middle-income households has… Read More ›

Trump axes FHA premium cut, here’s how much it would have cushioned local FHA loans

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As expected President Trump put the brakes on the FHA’s planned mortgage insurance premium reductions. Even if the reduction has been approved – or it some pro-housing lobbies get it reinstated – it won’t help local buyers as much as the… Read More ›

Local foreclosures filings returned to recession levels during 2016

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Although foreclosure activity dropped to a 10-year low on the national level, properties with filings in the Tri-Cities region were back to recession levels in 2016. ATTOM Data Solution’s year-end 2016 Foreclosure Market Report shows filings were down 14% from… Read More ›

It’s still cheaper to buy than rent in Sullivan and Washington counties; market shifts to favor renters over landlords

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Sullivan and Washington counties are among the 345 counties nationwide where buying remains cheaper than renting. That’s according to ATTOM Data Solutions current Rental Affordability Report. The analysis focused on the 540 counties that had at least 900 home sales… Read More ›

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