In the last month, I have seen the uncertainty in the market make some home buyers more nervous.  Don’t get me wrong, people are still buying homes in the Chattanooga area and home prices are still pretty stable.  1 year ago, a seller had the option to easily ...

Pending home sales were up during the 1st 2 months of 2023.  As interest rates have come down from their high in November, people are buying homes again.  Home sales are still down from last year at this time, but there is rising home buyer activity.  “Buyers responded to better ...

Are People Buying Houses Right Now?

The fall was very slow in real estate sales due to the Federal Reserve raising interest rates so abruptly.  Then in November inflation started to ease.  30 year mortgage rates dropped.  In one month's time interest rates went down by ...

Chattanooga residential real estate had a wild fall season after the Federal Reserve more than doubled interest rates in a span of months 6 to 9 months.  Mortgage interest rates increased in 2022 at the fastest rate since the early 1980s.  In fact, mortgage rates have never doubled ...

What’s Ahead for Home Prices?

As mortgage rates continue to rise, the housing market is beginning to cool off. Experts in the media are speculating that home prices could fall or continue to rise. But what’s likely to happen?

It’s anyone’s guess where the dollar will go from here. But ...

This year, as home sales and buyer competition hit new heights, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today —

This year, buyer demand has eased as higher mortgage rates and mounting economic ...

Chattanooga homes sales and Chattanooga pending home sales were down in August 2022.  Funny enough, the Chattanooga median sale price was still up 11% despite lower home sale sales.  Housing becoming more expensive due to rising interest rates and low inventory is why home prices are still rising ...

Home mortgage rates lowered on Monday after the Federal Reserve announced that it would raise interest rates last week.  The Federal Reserve has been raising interest rates in order to get inflation under control as it was as high as 11.3% in June.  Mortgage broker, Chad Harris ...