New home construction in the Tri-Cities region continued a conservative, slow-growth pattern that was up 7% last year. The increase was driven by activity in the region’s smaller counties as the two major markets struggled to sustain 2015’s growth level…. Read More ›
Johnson City dominates in the number of high-income households in the Tri-Cities. It also outnumbers the region’s other major cities in all but one of the three Census Bureau high-income households range. That outlier is Kingsport. It has 810 households… Read More ›
The number of local homeowners with mortgages who moved into the equity-rich class increased in 2016. And in Johnson and Sullivan counties more than a third of all mortgaged homes are now equity rich. According to Attom Data Solutions’ Year-End… Read More ›
Tri-Cities home prices settled and finished 2016 in a pattern than lined up on both the CoreLogic Home Price Indexes and the Northeast Tennessee Association of Realtors Trends Report. That a good sign because while the two reports focus on… Read More ›
As expected President Trump put the brakes on the FHA’s planned mortgage insurance premium reductions. Even if the reduction has been approved – or it some pro-housing lobbies get it reinstated – it won’t help local buyers as much as the… Read More ›
Although foreclosure activity dropped to a 10-year low on the national level, properties with filings in the Tri-Cities region were back to recession levels in 2016. ATTOM Data Solution’s year-end 2016 Foreclosure Market Report shows filings were down 14% from… Read More ›
Sullivan and Washington counties are among the 345 counties nationwide where buying remains cheaper than renting. That’s according to ATTOM Data Solutions current Rental Affordability Report. The analysis focused on the 540 counties that had at least 900 home sales… Read More ›
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.
[…] The Tri-Cities employment is in its best shape since the year began, but the gains are concentrated. At the…
Thanks for the question Jeff. Kingsport was not listed because there were no closing of $1 million plus properties during…
Great report Don Why was kingsport not listed ? Jeff Begley Founder & Principal Begley Development LLC