As we approach the spring, East Tennessee is seeing a gradual thaw in home sales. Our region reflects the national outlook, with consumers slightly slower to spend in February compared to January. This is likely due in large part to national market uncertainty, perceptions of inflation and policy-related concerns.

Indicators such as inventory, time on market and sale/list ratio show that the local housing market is primed for improvement. The scale is inching back toward balance and more affordable conditions for buyers.

While things are looking up, one of the most powerful barriers to housing affordability is public misunderstanding and pushback against housing, leading to harmful policies. To solve the affordability problem, we must first agree on the root causes.

If you only share one link this month, make it the Sycamore Institute's concise new report laying out exactly why Tennessee's housing is so expensive.