Two Counties in NE Tennessee, Washington and Sullivan, had two of Tennessee’s lowest unemployment rates in November, 2008. And the Tri-Cities TN rate was the lowest of all Tennessee large metro areas, according to staff reports in the Johnson City Press. “The Tri-Cities’ 5.9 percent rate was a full percentage point below the state average.” The TN state average in November was 6.9 percent.
Washington and Sullivan Counties of NE Tennessee include the Tri-Cities’ largest towns, Johnson City, Kingsport, and Bristol, as well as the smaller communities of Gray, Jonesborough, Piney Flats, Blountville, Bluff City, Colonial Heights, to name a few.
To compare tax rates of the NE Tennessee counties and communities and for RELO information, go to : http://www.TNBuyerBroker.com
Showing posts with label safe haven. Show all posts
Showing posts with label safe haven. Show all posts
Saturday, December 27, 2008
Tuesday, December 16, 2008
Jobless Rates Down In October
If you're looking to Buy a home in the Area, check us out at: http://www.TNBuyerBroker.com
As of The End of November, Wednesday's October unadjusted employment data was another positive economic story for NE Tenn. cities and counties.
The data show unemployment dropping or staying the same in most of the cities and counties. The only exceptions were 0.2% increases in Unicoi and Hawkins counties and the city of Bristol unemployment rates.
In the cities category the biggest unemployment drops came in Johnson City and Bristol at 0.4% below the Sept. total. Kingsport's unemployment rate dropped 0.3% and Morristown stayed the same as the Sept. rate at 10.7%, which is the highest unemployment rate in the NE Tenn. cities category.
Looking at the data for the number of jobs shows Johnson City as the region's leader with 30,420 jobs. Kingsport ranks No. 2 with 17,940 jobs and Bristol barley edges out Morristown with 11,890 jobs.
Among the counties Sullivan continues as the county with the most jobs - 70,570. Washington County is second with 58,310 jobs.
October's unadjusted jobless data follows a bleak seasonally adjusted third quarter job report that show the regional losing 2,300 jobs.
CLICK HERE for that report.
In that report from ETSU economists Steb Hipple the Tri-Cities metro area lost 2,341 jobs in the third quarter v. the same time last year. Job losses were reported in professional and business services, government durable and nondurable manufacturing leisure and hospitality, wholesale trade, retail trade, transportation and utilities and other services.
According to the Tennessee Department of Labor and Workforce Development, Tennessee's seasonally adjusted unemployment rate for October 2008 was 7.0 percent, 0.2 percentage point lower than the September rate of 7.2 percent. The United States unemployment rate for the month of October was 6.5 percent.
County non-seasonally adjusted unemployment rates for October 2008, show that 53 counties decreased. The rate increased in 27 counties and remained the same in 15 counties.
Williamson County registered the state's lowest county unemployment rate at 4.7 percent, down 0.3 percentage point from the September rate. Perry County had the state's highest at 17.4 percent, up from 16.7 in September, followed by Lauderdale County at 14.5 percent, up from 13.1 percent in September.
Knox County had the state's lowest major metropolitan rate at 5.0 percent, down 0.3 percentage point from the September rate. Davidson County was 5.5 percent, down from 5.8 the previous month. Hamilton County was at 6.1 percent the same as the September rate, and Shelby County was 7.1 percent, down from the September rate of 7.4.
Original Article By: Don Fenley
If you're looking to Buy a home in the area, check us out at: http://www.TNBuyerBroker.com
As of The End of November, Wednesday's October unadjusted employment data was another positive economic story for NE Tenn. cities and counties.
The data show unemployment dropping or staying the same in most of the cities and counties. The only exceptions were 0.2% increases in Unicoi and Hawkins counties and the city of Bristol unemployment rates.
In the cities category the biggest unemployment drops came in Johnson City and Bristol at 0.4% below the Sept. total. Kingsport's unemployment rate dropped 0.3% and Morristown stayed the same as the Sept. rate at 10.7%, which is the highest unemployment rate in the NE Tenn. cities category.
Looking at the data for the number of jobs shows Johnson City as the region's leader with 30,420 jobs. Kingsport ranks No. 2 with 17,940 jobs and Bristol barley edges out Morristown with 11,890 jobs.
Among the counties Sullivan continues as the county with the most jobs - 70,570. Washington County is second with 58,310 jobs.
October's unadjusted jobless data follows a bleak seasonally adjusted third quarter job report that show the regional losing 2,300 jobs.
CLICK HERE for that report.
In that report from ETSU economists Steb Hipple the Tri-Cities metro area lost 2,341 jobs in the third quarter v. the same time last year. Job losses were reported in professional and business services, government durable and nondurable manufacturing leisure and hospitality, wholesale trade, retail trade, transportation and utilities and other services.
According to the Tennessee Department of Labor and Workforce Development, Tennessee's seasonally adjusted unemployment rate for October 2008 was 7.0 percent, 0.2 percentage point lower than the September rate of 7.2 percent. The United States unemployment rate for the month of October was 6.5 percent.
County non-seasonally adjusted unemployment rates for October 2008, show that 53 counties decreased. The rate increased in 27 counties and remained the same in 15 counties.
Williamson County registered the state's lowest county unemployment rate at 4.7 percent, down 0.3 percentage point from the September rate. Perry County had the state's highest at 17.4 percent, up from 16.7 in September, followed by Lauderdale County at 14.5 percent, up from 13.1 percent in September.
Knox County had the state's lowest major metropolitan rate at 5.0 percent, down 0.3 percentage point from the September rate. Davidson County was 5.5 percent, down from 5.8 the previous month. Hamilton County was at 6.1 percent the same as the September rate, and Shelby County was 7.1 percent, down from the September rate of 7.4.
Original Article By: Don Fenley
If you're looking to Buy a home in the area, check us out at: http://www.TNBuyerBroker.com
Wednesday, December 03, 2008
A Buyer's Best Choice Realty: Johnson City/Tri-Cities TN 'safe haven' article
Let A Buyer's Best Choice Realty (The ONLY Certified Exclusive Buyer's Agency in the
Tri-Cities/East Tennessee Region) help you find your place in a beautiful environment!! And, as
the excerpts from the article below show, you should find peace of mind in a safe investment, in a 'safe haven' as well as a GREAT community. You may visit our website at:
http://www.tnbuyerbroker.com/ ... Search MLS data for free, without registering, and contact our knowledgable agents today!!
Two recent pieces of real estate news may not fit the national profile, and they don’t
mean the area’s housing industry is on easy street, but the reports from Kiplinger’s magazine and a national agency suggest the Tri-Cities market remains somewhat protected from the problems plaguing many areas of the country.
On Saturday, Kiplinger’s, a national financial monthly, tabbed the Johnson City metro area
(Washington, Carter and Unicoi counties) as one of six “Safe Havens in Real Estate.”
And Tuesday — the same day the large metro-related “Case-Shiller Index” showed continued
plunging prices in its markets, another index showed the Kingsport-Bristol metro ranking 14th best out of 291 areas nationwide for year-to-year home price appreciation through Sept. 30 at 3.93 percent. Nationwide, the figures released by the Office of Federal Housing Enterprise Oversight (OFHEO) showed, prices declined by 6.0 percent over the same period.
Kingsport-Bristol’s 14th-place showing was identical to the second-quarter placement,
though year-to-year appreciation was down from 4.75 percent. Johnson City’s latest figure, shown in an index of unranked metros, was 3.63 percent, which would place it 18th, and was an
improvement from the second-quarter gain of 2.86 percent that would have put it 58th.
The OFHEO report also showed data for the July-September quarter compared to the quarter
before, and Kingsport-Bristol remained above water in that regard with a 0.69 percent
appreciation. Six of the top 20 year-to-year markets lost value in the third quarter compared to
the April-June quarter.
The Kiplinger’s article used data from Fiserv Lending Solutions, a home-price research
company, to determine that “in certain pockets across the country, the damage has been minimal. The article lumped Johnson City in with Lancaster, Pa., Clarksville, Pittsburgh, Albuquerque and Burlington, Vt. among cities whose “local economies have kept unemployment and foreclosure rates below average.”
That piece also noted that the cities making the list measured well on the “affordability
index” that measures home prices versus family income.
Kiplinger’s lists Johnson City’s median home price at $120,000, lowest of the cities
shown, but it also puts the 12-month change in home value at negative 0.4 percent. The other
metros all had modest gains. It notes the Johnson City market is driven by East Tennessee State University and new retirees — the so-called “halfbacks” who “used to spend summer in the north and winter in the south but are now making Tennessee their home year round.”
In the OFHEO release, Tennessee also made out well as a state. It saw annual appreciation of 1.38 percent, ranking 11th, though prices showed a drop of 0.68 percent from the second quarter to the third. Several other “Mountain South” metros also placed high on the OFHEO annual appreciation list. They included Greenville, S.C. (9th), Spartanburg, S.C. (11th), Hickory-Lenoir-Morganton, N.C. (17th) and Asheville, N.C. (43rd). The OFHEO numbers come from sales of existing homes and refinances.
(Excerpts from article at Johnson City Press) (For full article, visit
http://www.johnsoncitypress.com/Detail.php?Cat=HOMEPAGE&ID=65933 )
You may visit our website at http://www.tnbuyerbroker.com/ ... Search MLS data for free, without registering, and contact our knowledgable agents today!!
Tri-Cities/East Tennessee Region) help you find your place in a beautiful environment!! And, as
the excerpts from the article below show, you should find peace of mind in a safe investment, in a 'safe haven' as well as a GREAT community. You may visit our website at:
http://www.tnbuyerbroker.com/ ... Search MLS data for free, without registering, and contact our knowledgable agents today!!
Two recent pieces of real estate news may not fit the national profile, and they don’t
mean the area’s housing industry is on easy street, but the reports from Kiplinger’s magazine and a national agency suggest the Tri-Cities market remains somewhat protected from the problems plaguing many areas of the country.
On Saturday, Kiplinger’s, a national financial monthly, tabbed the Johnson City metro area
(Washington, Carter and Unicoi counties) as one of six “Safe Havens in Real Estate.”
And Tuesday — the same day the large metro-related “Case-Shiller Index” showed continued
plunging prices in its markets, another index showed the Kingsport-Bristol metro ranking 14th best out of 291 areas nationwide for year-to-year home price appreciation through Sept. 30 at 3.93 percent. Nationwide, the figures released by the Office of Federal Housing Enterprise Oversight (OFHEO) showed, prices declined by 6.0 percent over the same period.
Kingsport-Bristol’s 14th-place showing was identical to the second-quarter placement,
though year-to-year appreciation was down from 4.75 percent. Johnson City’s latest figure, shown in an index of unranked metros, was 3.63 percent, which would place it 18th, and was an
improvement from the second-quarter gain of 2.86 percent that would have put it 58th.
The OFHEO report also showed data for the July-September quarter compared to the quarter
before, and Kingsport-Bristol remained above water in that regard with a 0.69 percent
appreciation. Six of the top 20 year-to-year markets lost value in the third quarter compared to
the April-June quarter.
The Kiplinger’s article used data from Fiserv Lending Solutions, a home-price research
company, to determine that “in certain pockets across the country, the damage has been minimal. The article lumped Johnson City in with Lancaster, Pa., Clarksville, Pittsburgh, Albuquerque and Burlington, Vt. among cities whose “local economies have kept unemployment and foreclosure rates below average.”
That piece also noted that the cities making the list measured well on the “affordability
index” that measures home prices versus family income.
Kiplinger’s lists Johnson City’s median home price at $120,000, lowest of the cities
shown, but it also puts the 12-month change in home value at negative 0.4 percent. The other
metros all had modest gains. It notes the Johnson City market is driven by East Tennessee State University and new retirees — the so-called “halfbacks” who “used to spend summer in the north and winter in the south but are now making Tennessee their home year round.”
In the OFHEO release, Tennessee also made out well as a state. It saw annual appreciation of 1.38 percent, ranking 11th, though prices showed a drop of 0.68 percent from the second quarter to the third. Several other “Mountain South” metros also placed high on the OFHEO annual appreciation list. They included Greenville, S.C. (9th), Spartanburg, S.C. (11th), Hickory-Lenoir-Morganton, N.C. (17th) and Asheville, N.C. (43rd). The OFHEO numbers come from sales of existing homes and refinances.
(Excerpts from article at Johnson City Press) (For full article, visit
http://www.johnsoncitypress.com/Detail.php?Cat=HOMEPAGE&ID=65933 )
You may visit our website at http://www.tnbuyerbroker.com/ ... Search MLS data for free, without registering, and contact our knowledgable agents today!!
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