April’s Rent vs. Buy Report shows some shifts in the rent position, which now dominates Tri-Cities county markets with one exception. Hawkins County was neutral for the month, down from a 1% cheaper to rent position in January.
New permits for Tri-Cities high-end homes during the first three months of this year increased while permit pulls in the Chattanooga, Knoxville, and Asheville metro markets declined from Q1 2018 totals. That’s a reversal of the trend pattern for the… Read More ›
Talk to builders, and they’ll tell you that the Tri-Cities new home industry is booming. The most robust activity can be found in Sullivan and Washington counties. And when you compare new permits pulled in Q1 this year to last… Read More ›
Economic stress flags in housing market. The number of Tri-Cities underwater homes make big increase
March’s existing home sales report from the Northeast Tennessee Association of Realtors is strong. Residential sales were 11.8% higher than last year, the average single-family resale price is up 4.6%. At the same time, it must be noted that the… Read More ›