TN/VA Real Estate Bloghttp://www.thebyrdhometeam.com/blogTri City TN real estate market news provided by The Byrd Home TeamMon, 01 Dec 2008 16:44:00 GMTSafe Haven For HousingThere was a great article in the Kingsport Times News on November 26 pertaining to the housing market in the Tri-Cities. Kiplinger's magazine identified the Johnson City metro area (Washington, Carter, and Unicoi counties as one of six (6) "Safe Havens in Real Estate."

A few days later another index showed the Kingsport - Bristol metro ranking 14th best out of 291 areas nationwide for year-to-year home price appreciation through September 30, at 3.93 percent. To put this in perspective, nationwide figures released by the Office of Federal Housing Enterprise Oversight showed, prices declined by 6 percent over the same period.

While we have felt the crunch it has not been nearly as bad in this area as other parts of the country. I liked a quote in the article, by Bill Greer an economics professor at Milligan College, "That is not to say it is strong or perfect by any means, but I do think we continue to enjoy a degree of insulation from the national economy."

"The Tri-Cities, A Great Place To Be!"

 

 

]]>http://www.thebyrdhometeam.com/Blog/Safe-Haven-For-Housinghttp://www.thebyrdhometeam.com/Blog/Safe-Haven-For-HousingMon, 01 Dec 2008 16:44:00 GMTKingsport, TN vs. San Diego, CAA client of ours who recently relocated from San Diego gave me some interesting statistics that he compiled prior to deciding to make the move to East Tennessee. They are as follows:

                                  Kngsport, TN            San Diego, CA

Median housing           118,900                    491,000
State Income tax          0                              6%
Overall Cost of living     78.3%                      157.3%   of national average
Food                           91%                         114%
Housing                      56.9%                      235.5%
Utilities                       98.1%                      125.9%
Health                        85.3%                      129.6%
Transportation             88.6%                      112.8%
Miscellaneous             89.3%                      104.1%

Gas .30-.40 cents more per gallon

One last thing that they considered was medical service. Wellmont's Holston Valley Medical Center in Kingsport  is ranked as one of the top 100 cardiac hospitals in the country, and it is a Children's Miracle Network hospital.

]]>http://www.thebyrdhometeam.com/Blog/Kingsport-TN-vs-San-Diego-CAhttp://www.thebyrdhometeam.com/Blog/Kingsport-TN-vs-San-Diego-CAThu, 13 Nov 2008 10:10:00 GMT