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Johnson City is now ranked number nine on a Wall Street Journal and Realtor.com list of emerging housing markets. Kingsport and Bristol are at number 14.The lis
Is Johnson City ready to meet the needs of its rapidly growing population?
JOHNSON CITY, Tenn. (WJHL) — Johnson City’s metro area is again in the top 20 of the Wall Street Journal/Realtor.com quarterly emerging housing markets list, with its #14 rank marking its fifth straight appearance. In a sign of continuing home affordability challenges, the list showed Johnson City had the third-highest median listing price among the […]
On the cusp of the prime home buying season, the region is dealing with record low inventory, according to the Northeast Tennessee Association of Realtors.
Itâs a great time to sell a house, and for the same reasons, itâs a tough time to buy one. Nonetheless, theyâre selling like hotcakes, âeverything from McMansions to double-wides,â according to Don Fenley, who analyzes local housing, economic and demographic trends at Core Data (donfenley.com). Prices of houses â even the lumber used to build them â are skyrocketing. Demand is high, and because housing inventory in the region is low, prices continue to climb. Buyers are competing for the same house, says Town & Country Realtor Sharon Duncan. People are biddi...