» Subscribe Today!
The Power of Information
Home
The Ledger - EST. 1978 - Nashville Edition
X
Skip Navigation LinksHome > Article
VOL. 43 | NO. 51 | Friday, December 20, 2019

Report: Tennessee home prices up last quarter year-over-year

Print | Front Page | Email this story

MURFREESBORO (AP) — Home prices increased last quarter in Tennessee compared to the same period in 2018, but total home permits dropped, according to a housing report.

The Middle Tennessee State University Business and Economic Research Center report says home prices increased by about 6%. The Morristown metropolitan area saw the biggest jump in home prices, with an 8.1% increase.

Meanwhile, total home permits dropped almost 5.2% amid a 25.8% decrease in multi-family permits, indicated a decline in new projects. Single-family permits still grew by almost 5.5%.

The report says Tennessee's annual change in housing prices has exceeded the that of the country for the last four years.

Mortgage delinquencies saw a decline. But homeowner and rental vacancy rates have shown sharp increases for the quarter, the report found.

"Despite a few downward trends, Tennessee's economy appears very promising for the third quarter of 2019," the report says. "Many of the economic indicators show considerable upward trends."

Follow us on Facebook, Twitter & RSS:
Sign-Up For Our FREE email edition
Get the news first with our free weekly email
Name
Email  
TNLedger.com Knoxville Editon
RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0