The October NETAR Home Sales Reports, which details how deep-pocketed buyers are propping up the local housing market can be found at https://netar.us/high-end-buyers-propping-up-housing-market/
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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.
Home sales down; tourism growing the economy
By DON FENLEY Higher mortgage rates, lack of inventory, and inflation continue driving a whipsawed performance for existing home sales in the Tri-Cities region. September’s annualized sales declined 1.7 percent from those during the 12-months ending in August, according to… Read More ›
Price – new homes competing with existing inventory
By DON FENLEY TRI-CITIES, Tenn. – Buyers in today’s challenging housing market face a unique choice. Simply put, the stubborn lack of existing home inventory and stepped-up new home construction are presenting increasing examples of new home prices competing with… Read More ›
Housing tracker shows a small shift in August sales trend
By DON FENLEY TRI-CITIES, Tenn. – The TCI Group’s Appalachian Highlands long-range housing tracker moved higher for the first time in three months in August. The tracker monitors existing home sales in monthly 12-month increments. August’s increase is small. It… Read More ›
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