TRENDS

How Much Are Newcomers Driving NE TN Home Prices?

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By DON FENLEY The Tri-Cities housing market continues to evolve, and one of the biggest questions animating buyers, sellers, and agents is simple: Are higher housing costs being driven mainly by the influx of new residents? A new look across… Read More ›

July’s Tri-Cities Million-Dollar Homes Moved Faster With Smaller Discounts

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Northeast Tennessee’s luxury home market is proving resilient with more sales, steady prices, and a growing appetite for high-end living. July and the year-to-date numbers show an expansion despite more deliberate and choosy buyers. In July 10 $1-million plus priced… Read More ›

Tri-Cities home sellers increasing price reductions

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Tri-Cities home sellers are rebalancing their asking prices in the wake of slower sales, increasing inventory, consumer concerns about affordability and mortgage rates. While the overall region remains a seller’s market, inventory has increased enough in some prime price bands… Read More ›

Tri-Cities real estate loans point to a maturing market

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The Tri-Cities region began this year with 2,470 real estate loans, according to ATTOM’s Residential Property Mortgage Origination report. It was the third consecutive quarterly decline but a 5.9% increase from last year. Nationally real estate loans were up 14%… Read More ›

Are new residents shifting into slower-growth mode?

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By DON FENLEY The U-Haul Growth Index has been welcome news in the Tri-Cities since the pandemic. That was especially true in 2020, when the Tri-Cities area was at the top of state one-way destination gains. Tennessee has relinquished the… Read More ›

Home sales down; tourism growing the economy

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By DON FENLEY Higher mortgage rates, lack of inventory, and inflation continue driving a whipsawed performance for existing home sales in the Tri-Cities region. September’s annualized sales declined 1.7 percent from those during the 12-months ending in August, according to… Read More ›

National brands put more pressure on local mom-and-pop firms

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By DON FENLEY  TRI-CITIES, Tenn. – Here’s a trend many consumers will applaud. More national brand tenants are coming to or expanding in the Tri-Cities. And it’s a trend that is and will continue putting more pressure on independents who struggle… Read More ›

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