TRENDS

Where are Tri-Cities rentals concentrated by number, occupancy

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By DON FENLEY The undisputed highest concentration of single-family rentals in the Tri-Cities region is in Bristol, Va.’s 24201 zip code. Current data list 4,550 rentals. That’s better than half (66.7%) of all the households in that zip code. And… Read More ›

How to get past skewed housing market predictions

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By DON FENLEY     KINGSPORT, Tenn. – Now is an iffy time to pull out the crystal ball for home sales predictions. Month-to-month data comparisons are about as useful as information from your cousin who sold last year. The standard year-over-year… Read More ›

There’s more to the cash home sales story than out-of-state buyers snatching deals from locals

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By DON FENLEY GRAY, Tenn. – Cash sales are the gold standard and fertile ground for local real estate urban legends.   The most frequently cited antidote involves cash-rich, out-of-state buyers swooping in, overbidding locals, and driving home prices up. There… Read More ›

Tri-Cities pending home sales decline for fifth month

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  By DON FENLEY GRAY, Tenn. – The local housing market looks a lot like the changing season. Home sales are falling like colorful leaves. So far, it’s been a gradual process that hasn’t rocked the market’s boat, but there’s… Read More ›

Affordability biggest threat to Tri-Cities housing market

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By DON FENLEY GRAY, Tenn. – One of the biggest threats to the Tri-Cities housing market is not higher mortgage rates or inflation. It’s affordability, according to the Northeast Tennessee Association of Realtors (NETAR) and other housing data sources. Home… Read More ›

Tri-Cities commercial real estate plows through economic doubts with 3% growth

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By DON FENLEY GRAY, Tenn. – Tri-Cities commercial real estate’s September report has a familiar look. The market is outperforming the first nine months of last year while monthly transactions lag the comparison to September last year. It’s similar to… Read More ›

Discounted home sales closing in on those at and above list price 

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By DON FENLEY GRAY, Tenn. – We’re 10 months into the year and there is no doubt the local housing market has reached an inflection point. A slow transition to a less hectic, more balanced market is underway. But unless… Read More ›

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