CORE DATA

Kingsport by the numbers

Demand for high-end homes in Tri-Cities increase during Q3

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Demand for high-end housing increased during the third quarter and Washington County VA led the Tri-Cities area in the construction of those homes – but only by two permits. High-end homes are defined by Market Edge in its Resident Building… Read More ›

New home construction slows in Sullivan, Washington counties; smaller counties picking up the pace

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The Tri-Cities new home industry posted modest growth during the third quarter marked by a slowdown major markets slowdown balanced by growth in smaller county markets. Permit pulls for new residential residences was 2.7% better than Q3 last year. Year… Read More ›

Tri-Cities job creation continues, but it’s slowing down; private sector wages continue making gains

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Tri-Cities job creation increased for the 17th straight month in October. While that’s welcome news, don’t overlook the trend. October’s growth rate continued a seven-month slowing, and the three-month moving average dropped below 1% for the first time this year… Read More ›

Kingport’s goal is to grow its population by 500 people a year

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Kingsport has marshaled its efforts for a new growth goal. The Model City is turning up the heat under efforts to make it a destination city as a growth model. If the truth is known, Bristol and Johnson City likely… Read More ›

Out-of-state investors own 19,349 of the 131,563 Tri-Cities single-family rental properties

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Tri-Cities apartment complexes are not the only rental properties attracting investors. Single-family rentals have long been a staple for local real estate investors, but the share of out-of-state investors is also noteworthy. A new analysis from ATTOM Data Solutions shows… Read More ›

Tri-Cities a solid equity-rich properties market, even with Sullivan’s issue

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Remember the TV commercial with the mechanical bunny beating a drum to sell batteries? It just keeps marching while beating that drum, never tiring and apparently outlasting bunnies with lesser batteries. The share of equity rich Northeast Tennessee homes is… Read More ›

October foreclosures back off Q3 spike – over 800 repossessions headed for Tri-Cities housing market

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Foreclosure activity reverted to a more normal pace in October following a Q3 shocker that saw dramatic repossession increases in several Tri-Cities area counties. But even the normal rate combined with Q3’s numbers means over 800 foreclosures are in the… Read More ›

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