TRENDS

Veterans and VA loans a big part of the local housing market

By DON FENLEY TRI-CITIES, Tenn. – Homeowners like fast, uncomplicated closings. Frequently they believe deals with buyers using a VA loan are risker and a pain in the process.  According to mortgage reports, owners, and their Realtors think VA loans… Read More ›

Housing market eases into slow-growth mode

By DON FENLEY TRI-CITIES, Tenn.  –  The Appalachian Highlands long-term housing tracker was up for the second straight 12-month period ending in mid-April. It’s signaling a slightly stronger peak spring season than pacing the pre-pandemic benchmark. April’s tracker is up… Read More ›

Flip sales lessened inventory shortage pain

By DON FENLEY TRI-CITIES, Tenn. – New homes are a critical part of bringing the NE Tenn. housing market’s inventory back to balanced conditions. That’s important because when market conditions are balanced, the market rights itself of the big ebbs… Read More ›

All-cash home sales down so far this year

By DON FENLEY Buyers have backed off cash sales so far this year. In January, they accounted for 28.9 percent of all sales. They picked up to 31.6 percent in February which is the bottom range for last year’s annual… Read More ›

Inventory watchers keep tabs on the pending sales – new listings dance

 By DON FENLEY Want to keep your fingers on two metrics that show where inventory is headed? A daily Multiple Listing service check does the trick. But it is monotonous. And since inventory is dynamic, it constantly changes. Here’s a… Read More ›

Johnson City area sees increasing new resident activity

By DON FENLEY Conventional wisdom holds that when inflation is high, people are less mobile. And according to the most recent U-Haul relocation analysis, the Tri-Cities are no longer Tennessee’s top destination. It’s in the top 10 but no longer… Read More ›

Labor force participation steps into jobless rate’s spotlight

By DON FENLEY TRI-CITIES, Tenn. – Move over unemployment rate. There’s a new job metric in town. The labor force participation rate (LFPR) is elbowing out some of the attention typically devoted to the government’s headline unemployment rate. It’s getting… Read More ›

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