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 ...

The national median sales price of current homes has reached $400,000 for the first time - 15% higher than that a year ago based on the National Association of Realtors reports.

Even if existing home sales are declining nationwide, the housing supply has been slowly increasing, with inventories thatare ...

Over the past two years, booming markets have sparked a purchasing craze for everything from stocks and crypto to new housing. The search for safe haven investments is now in full swing with inflation at a roughly 40-year record and with at least three rate increases factored in.

Real estate ...

After the Federal Reserve raised interest rates on 6/16/22, the media went crazy with stories about the real estate market collapsing.  I did a deep dive to see what economists (mostly economists outside of the real estate industry) are saying about real estate.  Below is what ...

Real Estate Deceleration, Not Deflation

Fortune.com is starting to dub the current real estate market as the “Great Deceleration.”  The Fed raised interest rates which cause mortgage rates to go form 3.11% to 5.09%.  According to Freddie Mac, that has made principal and interest payments ...

Inman news reports that the real estate market is at an inflection point and the real estate may start "cooling off."  Inventory is rising.  Chattanooga photographers are so busy right now, that I anticipate there will be an uptick in listings in the first week or two of ...

Despite the public's fears that the real estate market is in a housing bubble, there are market fundamentals that show that there are legitimate reasons for rising home prices. "Shifts in disposable income, the cost of credit and access to it, supply disruptions, and rising labor and raw construction ...

Home sales were down mildly in Chattanooga in April.  Closed Chattanooga home sales were down by 4.2% in April.  Pending Chattanooga home sales were also down by 2.6%.  The main reason that homes sales are down is because of the lack of available homes.  Lawrence Yun (the National ...