Seasonally adjusted sales tax collections in the three-county Johnson City Metropolitan Statistical Area (MSA) are up 0.6% so far this year while collections in the four-county Kingsport-Bristol MSA are down by 2.9%. Collections for NE Tenn’s four MSAs were up… 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 home flip market sees slight softening from last year; gross median profits up
During the first three months of this year, 115 homes were flipped the four local counties analyzed in Attom Data Solutions Q1 Home Flipping Report. The number of flips as a percent of total sales in Washington and Carter counties… Read More ›
Renting gains dominance in Tri-Cities county housing markets
April’s Rent vs. Buy Report shows some shifts in the rent position, which now dominates Tri-Cities county markets with one exception. Hawkins County was neutral for the month, down from a 1% cheaper to rent position in January.
Led by Sullivan Co. area high-end home permits increase in Q1; existing market listings, sales down
New permits for Tri-Cities high-end homes during the first three months of this year increased while permit pulls in the Chattanooga, Knoxville, and Asheville metro markets declined from Q1 2018 totals. That’s a reversal of the trend pattern for the… Read More ›