By DON FENLEY TRI-CITIES, Tenn. – One advantage of watching long-term real estate trackers is it helps cut through many of the contradictions and confusion that are staples during market cycle transitions. The TCI’s Appalachian Highlands long-term housing market tracker… Read More ›
By DON FENLEY TRI-CITIES, Tenn. – The typical Tri-Cities family has an average household income of $66,773, according to the Census. That is about 6% less than what the typical U.S. family earns. But neither reach the level respondents to the… Read More ›
By DON FENLEY TRI-CITIES, Tenn. – Sullivan Co. kept the dubious distinction of having the least affordable housing in the Appalachian Highlands in the current version of Atlanta Federal Reserve Bank’s Homeownership Affordability Tracker. The numbers are valid, but the… Read More ›
By DON FENLEY TRI-CITIES, Tenn. – Everyone knows Johnson City is the region’s top housing market. That’s a fact. But last month its 82 sales were second place to the 95 in Kingsport. Where it did shine was at the top… Read More ›
By DON FENLEY TRI-CITIES, Tenn – Despite some common public opinion, affordable housing is not another name for government assistance. The two primary formulas to gauge affordability are the financial model and the percentage of income spent on housing. The… Read More ›
By DON FENLEY Flipped homes are an important part of the local housing market. They account for about 10% of existing home sales and half of them are always in the affordable and work-force housing price ranges. The flip market… Read More ›
By DON FENLEY TRI-CITIES, Tenn. – The Greeneville metro area is the current regional affordable housing market hot sport. That, and its status of having the best 12-month market share sales distribution in all price bands up to $800,000, is… 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.