The Tri-Cities has quietly built one of the most distinctive wealth profiles in Appalachia that includes an estimated 10,000 millionaire households. It’s a market shaped by generational wealth transfer, sustained in-migration of affluent retirees. https://t.co/W2qTOTrtV2
June’s Tri-Cities home sales numbers were positive, with one exception. While the median sales price – the middle of the market - was up almost 9%, the average sales price was down 0.52%. Watch this page for a more detailed monthly and mid-market report. J
@NewsLambert Johnson City (TN) and Kingsport-Bristol TN VA metro areas. Median sales price at all-time high. 5-month price trend +6.6%. Closings are running slightly above pre-pandemic level. Inventory slowly building, but there is still a shortage with pronounced affordability challenges.
US residential construction employment rises to another post-2008 high, with a 5k net job increase in single-family construction and a 4k net job increase in residential remodelers in March