Market Updates

April 5, 2019

National Existing Home Sales Up 11.8%

The latest national existing home sales made one of the largest jumps ever in February. There was an 11.8% increase in existing home sales. Though existing home sales were up 11.8% February home sales were down from last February's home sale by 1.8%.  During February ...

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Posted in Market Updates
Feb. 28, 2019

2018 Chattanooga Home Sales Annual Report

2018 Chattanooga Home Sales Annual Report

2018 was a good year in Chattanooga real estate.  1.9% more Chattanooga homes sold in 2018 than in 2017. Homes sold at a feverish pitch through the spring and summer of 2018.  In August, home sales started to slow a bit ...

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Posted in Market Updates
Jan. 25, 2019

2019 Real Estate Predictions in Chattanooga

2019 Real Estate Predictions in Chattanooga, TN.

See what the professionals around the country think that 2019 will hold in real estate.

*Prices leveling off

*Fewer interest rate hikes

*Lots of Millennial home buyers

*A market slow down but with great fundamentals for the future real estate market

*A balanced ...

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Posted in Market Updates
Dec. 18, 2018

Chattanooga Homes Sales in November

Chattanooga Home Sales in November

In November of 2018, the number of closed home sales were down by 6.4%.  The minor slow down is attributed to affordability concerns as home prices continue to rise and as mortgage rates rise.  Rising mortgage rates make one's monthly payment ...

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Posted in Market Updates
Sept. 26, 2018

Chattanooga August Real Estate Market Update

Chattanooga August Real Estate Market Update


Closed home sales were down slightly (-2.5%) in August.  Constrained inventory has slowed home sales, because some consumers are not finding what they want.  Lawrence Yun (the NAR Cheif Economist) has stated that the consumer may get to a point where he ...

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Posted in Market Updates
Aug. 17, 2018

Why Are Home Sales Leveling Off?

Why Are Home Sales Leveling Off?

For many months the Chattanooga real estate market and the national real estate market have seen the number of home sales be up each month.  During the past few month, those rises in home sales are not as large and less homes have ...

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June 8, 2018

Bathrooms Dethrone Kitchens as the Top Home Remodeling Job

According to the National Association of Home Builders newly released survey, bathrooms are now the most popular room to remodel over kitchens. 

The 2018 NAHB Remodelers Chair, Joanne Theunissen, says that people are leaning towards smaller renovation projects like bathrooms rather than larger renovation projects like kitchens or additions ...

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May 29, 2018

Reeling-in Dodd-Frank Means More Building

Reeling-in Dodd-Frank Means More Building

During the recession, the CFPB (Consumer Financial Protection Bureau) created the Dodd-Frank Act to protect the American financial system from future bank collapses and to make the lending process more transparent for the public.  Some of the “protections” put in place created a heavier ...

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Posted in Market Updates
May 23, 2018

15 Most Affordable States to Buy a Home

Here are the 15 most affordable states to buy a home according to Inman news.  Tennessee and Georgia made the list, but Tennessee was number 15.  Georgia was 11.  That does not surprise me as many home buyers have found Georgia to be a more affordable ...

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May 10, 2018

Don't Miss Out on the Chattanooga Home You Want

Don't Miss Out on the Chattanooga Home You Want

The real estate market right now is one where that are few properties for sale and many home buyers looking to buy a home.  What that means is that you have a good amount of competition when buying a ...

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