CORE DATA

Kingsport by the numbers

Tri-Cities has best jobs gain of the year so far

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The Tri-Cities labor market had its best jobs-gain month of the year in May. It added 700 non-farm jobs. At the same time, the unemployment rate made a slight increase to 3.4%. In general terms, 3% or less is considered… Read More ›

Here’s where the vacant residential investment properties are

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One of the most-repeated  questions  these days is, “Do you know of any rentals.” There’s a current report from Attom Data Solutions to lists the number and number of vacant investment residential properties by zip code. There’s no guarantee you’ll… Read More ›

Tri-Cities rents are high, so is occupancy rate

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Almost one-in-three residential properties in the Tri-Cities are rental properties, and 95.2% are occupied. The same crunch exists in the apartment market. And the inventory of homes for sale is at an all-time low. Some real estate investors and professionals… Read More ›

Local condo prices up, sales down

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Prices were up 9.5% for local condominiums and townhomes last year, but sales were down. Lack of inventory and the local preference for detached housing are the drivers for what’s a lackluster annual performance in comparison with other real estate… Read More ›

Tri-Cities mid-April home sales begin showing coronavirus bite

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The Tri-Cities spring buying and selling season was off to a pretty good start in mid-April, but the effects of the coronavirus pandemic are beginning to show up.  There were 900 more resales in the 12 months ending on April… Read More ›

Tri-Cities labor market enters seasonal slump on positive footing

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The Tri-Cities labor market entered its seasonal three-month slump with the loss of 300 nonfarm jobs. At the same time, the number of people employed increased by 363 and the unemployment rate increased to 3.4%. That’s a pretty good labor… Read More ›

2018 wages increase 4% in Kingsport-Bristol, 1.9% in Johnson City

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INFLATION ADJUSTED BUYING POWER UPDATE Inflation-adjusted buying power for the four classes of workers in the Tri-Cities varied when last year’s increased were compared to 2008 averages – the year before the Great Recession hit the local economy. In the… Read More ›

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