Tri-Cities commercial real estate (CRE) transactions continued laboring with the economic fallout of COVIX-19 in May. The short-term numbers are about what you would expect. May sales were down 40% from last year while lease transactions were down 67%, according… Read More ›
The gap between home purchase and refinancing loan originations narrowed in the four-county Kingsport-Bristol Metropolitan Statistical Area (MSA) during Q1. But not by much. Refi loans accounted for 38.6% of all mortgage loans, down from 43.9% during Q4. The numbers… Read More ›
Tri-Cities existing homes sales were up 13.9% during the 12 months ending in mid-May when compared to the same period last year. That’s a silver-lining trend view for housing while COVID-19 is muting resales while gut-punching the economy. Expect more… Read More ›
ATTOM Data Solution’s Q1 Home Equity & Underwater Report illustrates how the Tri-Cities housing market is evolving. During the first quarter of this year, there were 90,827 mortgaged properties in the seven local counties included in ATTOM’s analysis. Of that,… Read More ›