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 ›
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 ›
Excellent and well written !!
I like the “BOOMER BABIES” lol
Donâ¦. Would you be so kind as to add Bristol, Tennessee Vice Mayor Lea Powers to your mailing list? Thank…
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.