If you pay your Memorial Day respects at a cemetery – especially a military cemetery – you can still find signs of an ancient military custom. When you see a coin on a veteran’s gravestone, it’s part of a tradition… 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.
Housing affordability ABC’s; Sullivan current least affordable market
By DON FENLEY TRI-CITIES, Tenn. – Sullivan Co. kept the dubious distinction of having the least affordable housing in the Appalachian Highlands in the current version of Atlanta Federal Reserve Bank’s Homeownership Affordability Tracker. The numbers are valid, but the… Read More ›
Johnson City snares $500K hot-spot status, but…
By DON FENLEY TRI-CITIES, Tenn. – Everyone knows Johnson City is the region’s top housing market. That’s a fact. But last month its 82 sales were second place to the 95 in Kingsport. Where it did shine was at the top… Read More ›
Affordable housing isn’t another term for government help
By DON FENLEY TRI-CITIES, Tenn – Despite some common public opinion, affordable housing is not another name for government assistance. The two primary formulas to gauge affordability are the financial model and the percentage of income spent on housing. The… Read More ›
Guard against shoddy work on home flips, restorations
By DON FENLEY Flipped homes are an important part of the local housing market. They account for about 10% of existing home sales and half of them are always in the affordable and work-force housing price ranges. The flip market… Read More ›
Greeneville most affordable local housing market – Sullivan least affordable
By DON FENLEY TRI-CITIES, Tenn. – The Greeneville metro area is the current regional affordable housing market hot sport. That, and its status of having the best 12-month market share sales distribution in all price bands up to $800,000, is… Read More ›
Veterans and VA loans a big part of the local housing market
By DON FENLEY TRI-CITIES, Tenn. – Homeowners like fast, uncomplicated closings. Frequently they believe deals with buyers using a VA loan are risker and a pain in the process. According to mortgage reports, owners, and their Realtors think VA loans… 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.