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Tuesday, December 04, 2007

Kingsport's 12 Bones featured on Good Morning America

Enjoy this video (be sure your speakers are turned on). You'll have to sit through a short commercial first. Thanks!

http://abcnews.go.com/Video/playerIndex?id=3910253

Visit 12 Bones in Downtown Kingsport at the corner of Main & Cherokee.

If you would like to receive "good news" emails about Kingsport, please write to jeff_fleming@earthlink.net

Monday, December 03, 2007

Kingsport ranks 32nd in national house price appreciation

Kingsport ranks 32nd in national house price appreciation

While the national picture has been grim, regional metros fared well in house price appreciation:

#9 Asheville, NC
#17 Charlotte, NC
#23 Raleigh, NC
#28 Knoxville, TN
#29 Nashville, TN
#31 Huntsville, AL
#32 Kingsport, TN
#35 Columbia, SC
#38 Greenville, SC
#41 Richmond, VA
#49 Roanoke, VA
#51 Chattanooga, TN
#52 Huntington, WV
#55 Charleston, WV
#64 Wilmington, NC
#94 Spartanburg, SC
#108 Charlottesville, VA
#112 Memphis, TN
#123 Blacksburg, VA
#136 Louisville, KY
#138 Winston-Salem, NC
#139 Atlanta, GA
#146 Lexington, KY
#158 Greensboro, NC
#181 Cincinnati, OH
#196 Columbus, OH

U.S. housing prices dipped into negative territory in the third quarter for the first time in 13 years, according to the Office of Federal Housing Enterprise Oversight.

Of 287 metro areas, however, 147 recorded decreases in house prices during the quarter, the OFHEO reported today. More than 80 recorded year-over-year decreases in prices. But over a five-year period, only one metro area -- Detroit -- shows a decrease in prices.

Nationwide, prices were down 0.4% compared with the second quarter, the OFHEO said, and up 1.8% from the third quarter of 2006 -- exactly the rate of inflation over the past year.

The OFHEO data is gathered from a wider sampling than most other gauges of housing activity and focuses primarily on properties financed with conventional 30-year home loans.

Findings of the report include:

Florida, California and Michigan are bearing the brunt of the current declines. All of the 20 worst-performing markets over the past year are in those states. Prices in the Merced, Calif., area have fallen 13% over the past four quarters, worst of any metro area.

Prices are still rising in many areas. Texas, North Carolina, Washington and Utah put four cities from each state making the 20 best-performers list.

City rankings are listed by metropolitan areas. The OFHEO's House Price Index is published on a quarterly basis and tracks average house-price changes in repeat sales or refinancings of the same single-family properties. The index is based on analysis of data obtained from Fannie Mae and Freddie Mac from more than 30 million repeat transactions over the past 30 years.

Source: http://articles.moneycentral.msn.com/Banking/HomebuyingGuide/HomePricesByCity.aspx

If you would like to receive "good news" emails about Kingsport, please write to jeff_fleming@earthlink.net
Kingsport is located on the Tennessee-Virginia border at the crossroads of I-81 and I-26 near the geographic center of the Eastern U.S. This city of 50,000 in a metro of 308,000, was planned by renowned American planner John Nolen in his office at Harvard Square. Located in the lush green foothills of the Tennessee Valley, it is surrounded by the Southern Highlands and mountain lakes. Kingsport is home to Marriott’s www.MeadowViewResort.com and thousands of acres of unique, natural amenities at Bays Mountain and Warriors Path Parks. The natural geography provides a temperate, well-balanced climate with four seasons and a natural shelter from extreme weather. Population growth has also been well-balanced, ensuring you will not outgrow your decision to relocate. With no personal property taxes, special assessments, or state income taxes on salaries/wages, you’ll find that Kingsport has a very low cost of living coupled with an exceptionally high quality of life (see for yourself at www.BestPlaces.net). The regional airport (TRI) has direct flights to Atlanta, Charlotte, Orlando and St. Pete/Clearwater with easy access, parking, and virtually no security lines. The public education system was planned by Columbia University and Newsweek has repeatedly recognized the local high school as one of the best in America. Year in and year out our graduates go on to the top colleges and universities (and without costly private school tuition fees). Harvard also recognized Kingsport in 2009 with the Innovations in American Government Award for its higher education initiative. What are you waiting for? It’s time to leave the high costs, traffic jams, and stress behind and discover this hidden gem.