By DON FENLEY If you look at the Tri-Cities new home permits through the third quarter of this year, it looks like a slowdown. Permits are down 7.1% from last year. But that headline is misleading An analysis of permits… Read More ›
TRENDS
How Much Are Newcomers Driving NE TN Home Prices?
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
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
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
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?
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
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 ›
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.