REAL ESTATE

Sullivan sees more renters, new complexes ramp up competition, area homeownership rates slip

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The number of renters in Washington and Sullivan counties increased by almost 5,000 in the six years between 2010 and 2016. And, the lion’s share of that increase came in Washington County. But look for some change when Census numbers… Read More ›

Kingsport new home market brisk despite headwinds

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Kingsport new home activity increased during the first half of this year, and unlike what’s being reported about the national new home market there’s no sign of a sales decline. But there’re some differences from what was being built last… Read More ›

Sullivan Co. leads region in home sales, new foreclosures; looser lending standards cited in foreclosure flare-up

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Looser lending standards are being blamed for an increase in foreclosures in half of the counties in Northeast Tennessee during the first half of 2018. Sullivan County, which has the strongest home sales so far this year is also the… Read More ›

Tri-Cities foreclosures up 61% in housing market with tight inventory, high demand

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The Tri-Cities is one of the local markets bucking the national foreclosure market trend. And entrepreneurs are taking advantage of it, repurposing of other buildings and new apartment construction to cash in on a housing market where demand has driven… Read More ›

Housing affordability takes a hit in Washington Co.; gets small increase in Sullivan

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Home price increases and wages that are not increasing as fast dealt a blow to housing affordability as measured by Washington County’s Home Price Index during Q2 this year. At the same time, Sullivan County’s index improved, according to ATTOM… Read More ›

Local homeowners lean on HELOCs to tap equity; home purchase loan originations decline

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Tri-Cities homeowners – especially those in the Kingsport-Bristol Metropolitan Statistical Area (MSA) – leaned on Home Equity Loans during the first quarter to put their equity to work amid increasing home prices and rising rates. At the same time, loans… Read More ›

Almost 13% of Tri-Cities home sales are co-buyer purchases

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There was a time when a married couple was the dominant demographic for home buying. But not anymore. Singles – especially single women –  and unmarried couples have joined the ranks of homeowners as co-buyers. There are also increasing numbers… Read More ›

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