REAL ESTATE

Local home flip market sees slight softening from last year; gross median profits up

During the first three months of this year, 115 homes were flipped the four local counties analyzed in Attom Data Solutions Q1 Home Flipping Report. The number of flips as a percent of total sales in Washington and Carter counties… Read More ›

Renting gains dominance in Tri-Cities county housing markets

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.

Led by Sullivan Co. area high-end home permits increase in Q1; existing market listings, sales down

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 ›

New home construction picks ups; Piney Flats sees increased activity

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 ›

Index shows Johnson City metro housing market heating up; Kingsport-Bristol cooling off

The local housing market is on the cusp of the prime buying and selling season and markets in the Tri-Cities two metro areas are not in step. Realtor.com’s housing market hotness index shows the Kingsport-Bristol metro area getting cooler while… Read More ›

Q1 Tri-Cities area foreclosures unchanged from 2017; Washington Co. TN sees increase, Sullivan Co. has decline

The status of Tri-Cities area properties with foreclosure activity during the first three months of this year is basically flat with levels from the past two years.  At the same time, there has been a shift in the region’s two… Read More ›

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