New Tri-Cities commercial real estate construction closed the year with one permit less than 2015, but unlike most of the 18 markets monitored by The Market Edge total, local permit value increased. The Tri-Cities was also the only MSA in… Read More ›
REAL ESTATE
Washington Co. VA moves into top 2016 Tri-Cities spot for high-end home permits
Washington County VA topped the high-end home market in 2016, but it was a crowded field. A high-end home in the Market Edge’s Residential Building Permit Trend Report is one with over 4,000 sq. ft or a permit value of… Read More ›
Small counties drive 2016 Tri-Cities new home permit growth; Sullivan, Washington see little-to-no growth
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 ›
Tri-Cities sees growth in high-income households; Johnson City scores the largest number of them
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 ›
Equity analysis shows strength of NE Tenn. housing markets
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 ›
Indexes show Tri-Cities home prices finish the year in stabilized trends pattern
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 ›
Trump axes FHA premium cut, here’s how much it would have cushioned local FHA loans
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 ›
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