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 ›
TRENDS
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 ›
New survey suggests 64% of 2022 sellers plan to list by summer’s end
Realtor.com has released survey data that shows homeowners are gearing up to sell this spring and summer. According to the report, 64% of prospective 2022 sellers anticipate doing so within the next six months, and with high expectations for making… Read More ›
Increasing rents join home prices in pressuring local housing affordability
Rising rents, affordable housing, and efforts – sometimes defeated by neighbors – to build new apartments get as much attention in the Tri-Cities these days as home sales. In many ways, they share the same opportunities and challenges as the… Read More ›
Economic Development 101 – Growing The Tri-Cities Population
The Tri-Cities used to have limited recognition as a place for affordable housing in a low cost-of-living area that was a good place to invest in a home and live. That’s not the case anymore. There has been a flood… Read More ›
Here’s where the vacant residential investment properties are
One of the most-repeated questions these days is, “Do you know of any rentals.” There’s a current report from Attom Data Solutions to lists the number and number of vacant investment residential properties by zip code. There’s no guarantee you’ll… Read More ›
March reports will add context to local economic recovery
A flurry of labor market reports this month will provide a little better understanding of just where the Tri-Cities’ economic recovery stands. So far, a red-hot housing market and consumer spending have done most of the heavy lifting. December’s state… Read More ›
Thanks for the comment Debbie. It's a snapshot of today's conditions, stay tuned
Always of interest to get confirmation of what I see as the year moves on.
[…] The Tri-Cities employment is in its best shape since the year began, but the gains are concentrated. At the…
Thanks for the question Jeff. Kingsport was not listed because there were no closing of $1 million plus properties during…
Great report Don Why was kingsport not listed ? Jeff Begley Founder & Principal Begley Development LLC