TRENDS

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 ›

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 ›

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