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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.

Tri-Cities’ region virtually free of housing market zombies

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The Tri-Cities area housing market is not a good place for zombies – at least not those of the foreclosure ilk. RealtyTrac’s Q3 Residential Property Vacancy and Zombie Foreclosure Report there were 18,304 housing zombies out there. A housing zombie… Read More ›

Tri-Cities home prices post moderate July increases, lag U.S. and state markets

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Tri-Cities home prices posted moderate year-over-year increases in the Tri-Cities two Metropolitan Statistical Areas in July. CoreLogic’s Home Price Index put the Kingsport-Bristol increase at 3.7%, which was down 0.8% from June. The Johnson City MSA increase was 2.5%, unchanged… Read More ›

Some Johnson City residents who work in their home town did better after recession that other local cities

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Changes caused and augmented by the Great Recession were deep, dramatic and some are still not risen to broad public attention. This post is another dive into the Census Bureau’s Local Employment Dynamics data in an attempt to better define… Read More ›

Tri-Cities retail sales tax collections bounce in July; E. Tenn collections stronger than rest of state

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Tri-Cities retail sales tax collections bounced in July. At the same time, East Tennessee MSAs claimed a big share of the top collection performers statewide. Year-over-year change in seasonally adjusted collections reported by MTSU’s Department of Economics and Finance show… Read More ›

Seasonal slump slows but doesn’t stop Tri-Cities jobs, wage increase trend

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The Tri-Cities labor market made it through the bottom of the annual seasonal slump with 300 fewer jobs that it had in June and 2,400 more than July last year. Average private sector wages also increased, but the year-over-year gain… Read More ›

Most Americans Foresee Death of Cash in Their Lifetime

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Gallup is reporting that most Americans (62%) expect the U.S. to become a cashless society in their lifetime, with all purchases being made with credit cards, debit cards and other forms of electronic payment. They express these views as more… Read More ›

NE Tenn equity rich households dip, seriously underwater share inching upward

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The number of equity-rich homeowners in the Northeast Tennessee is shrinking while the number of owners who are seriously underwater properties is increasing. In both cases the changes are nominal.  It’s not enough to set off alarms, but it does… Read More ›

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