By DON FENLEY TRI-CITIES – One affordable housing and high rent effect that so far has gotten little attention is the bite it’s taking out of the sales tax that drives local economies. Look at it this way. People spend… Read More ›
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Data-driven reports on jobs, labor markets, housing and economic trends in Kingsport, Tenn. Bristol, Tenn. Bristol, Va. Johnson City, Tenn.
Local vacant land sales down 24%, demand still strong
By DON FENLEY GRAY – The demand for vacant land in NE TN is strong, but total sales are down by 24 percent. According to the Northeast Tennessee Association of Realtors (NETAR) there were 858 vacant land closings in the… Read More ›
Tri-Cities sales tax collections decline
By DON FENLEY TRI-CITIES, Tenn. – State sales tax collections are up from last year, but the growth rate has plunged from 15% in February to 0.2% in May. So far this year, non-adjusted collections in the Johnson City metro… Read More ›
It’s definitely not your parents’ housing market
By JAN STAPLETON GRAY – Mid-year trend indicators are painting a clearer picture of the NE TN SW VA housing market and what’s coming. There are some good, and some not-so-good outlooks. One thing is for certain, it’s not going… Read More ›
Housing moderates, growth focus turns to labor market
By DON FENLEY TRI-CITIES, Tenn. – One advantage of watching long-term real estate trackers is it helps cut through many of the contradictions and confusion that are staples during market cycle transitions. The TCI’s Appalachian Highlands long-term housing market tracker… Read More ›
Average local income, economy putting pressure on residents
By DON FENLEY TRI-CITIES, Tenn. – The typical Tri-Cities family has an average household income of $66,773, according to the Census. That is about 6% less than what the typical U.S. family earns. But neither reach the level respondents to the… Read More ›
Lethargic housing market lumbers into peak season
By DON FENLEY GRAY. Tenn. – NE TN – SW VA housing market lumbered into the height of the prime home buying and selling season in May. There were more sales than during April. But fewer than last year. Prices… 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.