Existing home sales continue their slow decline in May. So far this year, they have declined by an average of 0.4% per month even as more new residents continue moving here. That’s a trend calculated on sales for the 12-month… Read More ›
TRENDS
March Land Sales Up, Down From Last Year
March was one of those months when real estate reports were in the up and down mode across the region. Vacant land sales were up 21% from the previous month but down 21.9% from March last year. But that pattern… Read More ›
Housing market long-term trend tracking toward more balance
The Tri-Cities area housing market is beginning to look more like what experts expected. They predicted higher mortgage rates, continued double-digit price increases, and a lack of inventory would start cooling the overheated market as the prime buying and selling… Read More ›
It’s hot housing market with data that’s a hot mess
The Johnson City metro area’s housing has again been tagged as a hot housing market heating up by Reltor.com. March’s Hotness Report identified the Kingsport-Bristol’s market as “slightly hot” and moving up. That contrasts with the Wall Street Journal/Realtor.com Winter… Read More ›