News

March 29, 2020
By KRISTI BAILEY You can depend on COVID-19 pushing the local prime home buying and selling season onto uncharted waters this year.  In the short-term, you can rely on housing and economic data and news to change by the minute. Data will not be much help sorting things out in the short-term because home sales, employment, and new home permits are lagging indicators. They describe what happened in the previous month. Pending...
March 22, 2020
 By KRISTI BAILEY Coronavirus is the housing market disrupter that no one could have seen coming.  And it arrived hand-in-hand with the first look at February’s Northeast Tennessee Association of Realtors® (NETAR) market report. There are a lot of questions about the effect. Expect more in the coming weeks.
KRISTI BAILEY 2020 NETAR President
Before we get into some...
March 19, 2020
WASHINGTON (March 19, 2020) – Nearly half of Realtors® – 48% – said home buyer interest has decreased due to the coronavirus outbreak, according to a new survey from the National Association of ...
March 15, 2020
By KRISTI BAILEY There was a time when the first words a REALTOR® would hear from a new client was, "What kind of foreclosures are there out there?" Those days are gone, but foreclosures, short sales, and trustee sales are still an active submarket. There are not as many of them as there used to be.  The pickings are not always as good as they were when the market first began clawing its way out of the black hole of the Great...
March 13, 2020
    As the coronavirus remains a growing concern in the U.S. and in Tennessee, our leadership would like to assure you that we are prepared, and that we are keeping a close eye on the developments affecting our members and communities. “Members’ safety and well-being is a top priority,” said 2020 President Hagan Stone. “Our leaders are tracking news about the coronavirus closely while working to ensure that members’ needs are met. We have a...
March 8, 2020
By KRISTI BAILEY The initial listing price of a property is one of the single most essential items in a successful real estate transaction, and it does not matter if the market is booming like the one we are now in or leaner times. For the past five years, the Northeast Tennessee Association of REALTORS® Trends Report has cited record-level sales almost every month. That has altered the market balance. Homes in the $200,000 and...

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