What’s Going On With Schools?

05 Apr

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There are a variety of factors that affect home values and one of the largest influencers are schools. Test scores, graduation rates, age of facilities, breath of advanced placement classes, attendance rates, parental involvement, athletics, the list of factors which push a school’s ratings up or down is extensive and constantly growing. Our society has... Read more »

GCAR Members work in both TN and Georgia

01 Apr

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The Greater Chattanooga Association of Realtors (GCAR) demonstrated their involvement in the North Georgia goes deeper than selling homes and land this past week. GCAR and it’s North Georgia Council of Realtors hosted a luncheon with the heads of Catoosa, Walker and Dade Counties on March 26th. Realtors packed the room at The Colonnade Center... Read more »

A positive turn for home sales

18 Mar

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Home Sales rebounded in February after starting the year out with a decline in January 2017. The Greater Chattanooga Market closed 642 Residential units in the month of February, which represents an 8.6% increase when compared to February 2016. This positive result followed a 5% decline in year over year sales in January and brings... Read more »

Yard work returns dividends

11 Mar

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Spring has sprung early and that means it’s time to get to work on the yard, because curb appeal is King in residential real estate! A good first impression means everything to a prospective home buyer who is looking at both the appeal as well as how hard it may be to keep up once... Read more »

Inventory shortage drives prices to record highs

25 Feb

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The relative shortage of available residential homes for sale has driven home prices to record highs in the Greater Chattanooga region! As was reported in this space last week, the average home sold for $202,894 in January of 2017, which is an all-time record high! This price represented an 11.2% increase over January 2016 and... Read more »

Home Sales in the Greater Chattanooga region declined in January 2017, ending a multiyear trend of positive home sales

18 Feb

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Area Realtors closed 566 residential units compared to 596 in the previous year for a 5% decline in sales. This decline in month over month sales follows a record setting year when area home sales increased by 9.9% . Area leaders are closely monitoring the “pending sale” category which reflects the number of units which... Read more »

Washington Announcements Affect Local Home Buyers

04 Feb

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The housing market and ultimately home buyers have not been left untouched from the unfolding announcements taking place in Washington DC since inauguration day. On January 20th, shortly after President Trump was installed, the US Department of Housing and Urban Development (HUD) announced that they were suspending indefinitely a planned reduction in the FHA Mortgage... Read more »

“MOS”: Months of Supply Explained

28 Jan

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One of the statistics often cited in real sales reports is “Months Supply of Inventory” or “Months of Supply” (MOS). Today we will take a moment to explore and explain this term. Months of supply is one of the easiest real estate statistics to understand. Simply put; at our current rate of sale, if no... Read more »

Real Estate Market hits record highs

21 Jan

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The Greater Chattanooga Real Estate market just closed out it’s 4 consecutive year of home sales increases! The overall market posted a 9.9% increase in the number of homes sold in 2016 when compared to 2015. With 9,623 homes closing in 2016, the market has eclipsed the prerecession high sales points. Demand for residential housing... Read more »