Almost every real estate ad focuses on a family or couple and their new home. But that’s only part of the story. The ranks of single homeowners have steadily increased as people marry later or choose the single life. That… Read More ›
LABOR MARKET
Peeling back the covers on NE Tenn’s housing market for a look at investor rental vacancy rates
Residential property vacancy rates are a data set that usually fly under the public radar. It’s sort of wonky, they’re several ways to slice and dice it. But it’s also a good resource to get a peek under the housing… Read More ›
Tri-Cities’ region virtually free of housing market zombies
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
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 ›
NE Tenn equity rich households dip, seriously underwater share inching upward
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 ›
Almost half of home sales in 5 NE Tenn markets are all cash
Despite 100% home loans and low mortgage rates, cash remains king for Northeast Tennessee-Tri-Cities home resales. According to a recently released RealtyTrac analysis, almost half of Q2 sales in five of nine local county markets were cash. It’s not a… 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.