CORE DATA

Kingsport by the numbers

Sour consumer mood dampens local housing report

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New tariffs, realization the FED may increase interest rates to push back against inflation and reports of a weakening labor market sucked much of oxygen out of a local upbeat beginning of the year housing report. Prices were 18% higher… Read More ›

Tri-Cities employers add 600 jobs, unemployment rate makes small increase

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DON FENLEY Tri-Cities employers added 600 jobs in November and the unemployment rate increased a tenth of a point to 3.8%. The regional economy’s rebound from October’s payroll job losses was enough to mute some of the initial labor market… Read More ›

Nov. Tri-Cities Area Pending Sales Down 0.8%

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By DON FENLEY Pending sales were down 0.8% across the Tri-Cities region in November and the Northeast Tennessee Association of Realtors (NETAR) Pending Sales Index dropped one point point below where it was this time last year. Pending sales are a… Read More ›

Tri-Cities area foreclosures make dramatic decline

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By DON FENLEY Tri-Cities area foreclosures dropped to their lowest level this year in November. The combined number of foreclosures for the region’s two metro areas was nine filings that included one repossession. The regional total is down 65.4% from… Read More ›

Tri-Cities new home sales up, prices down

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By DON FENLEY October new home sales were up 30% from last year while the median sales price was down 10.4%. Builders closed on 64 new homes for a median price of $348,398. The average new home that sold in… Read More ›

October top Tri-Cities home sale was in the Ridges

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By DON FENLEY A 14-room home with 9,000 sq. ft of living space perched atop one of the highest points in the Ridges was October’s top sale. The five bedroom, six-bath home sold for $2,350,000 – $260.24 per sq. foot…. Read More ›

Sept. labor market shows strong jobs growth

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DON FENLEY TRI-CITIES, Tenn. –  The local labor market showed unexpected strength in September. Most of the increase came in the government sector and only three job sectors reported losses. Seasonally adjusted and non-adjusted jobs were at a year’s high,… Read More ›

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