Home Sales Up To 8.4 Percent In March

Monday, April 22, 2013

Home sales were up in March, according to officials with the Greater Chattanooga Association of Realtors.

Officials said, "First, tightened inventory levels combined with strong demand are fueling price gains in many areas. Second, consumer demand is shifting from distressed properties to conventional homes. Third, record-low mortgage rates and rising rents are supporting housing recovery." 

Closed Sales marched forward to the tune of 8.4% ending with 593 Residential Units sold. New Listings in the Chattanooga region were up 5.2% to 1,083. Inventory shrank 9.0% to 4,707 units. 

Prices were stable, as the Median Sales Price remained flat at $130,000. Days on Market decreased 4.5% to 128 days, the 11th consecutive month of year-over-year declines. Months Supply of Inventory was down 19.2% to 8.4 months, indicating that demand increased relative to supply. 

GCAR President Mark Blazek said, “On the economic front, things inched forward. We saw a minor but important upward revision to Q4-2012 GDP growth that put us back in positive territory. In the political arena, key debates over the deficit, marriage, gun law, and immigration reform and tax policy rage onward. The squeaky wheel gets the grease, and with this emerging housing recovery, there are no imminent housing-related bills. Perhaps that's a good thing.”


Real Estate Transfers For May 19-25

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

River City Company And The Strand Achieve green|light Certification

green|spaces is adding two more companies to the growing list of green|light certified businesses – River City Company and The Strand Hair Salon. "green|light, a program of green|spaces, assists local businesses of all sizes and industries to be more sustainable in daily operations. Companies focus on a variety of areas including energy, water, recycling, green cleaning, landscaping, ... (click for more)

Strong Thunderstorm Causes Damage, Power Outages In Dalton

Shortly before  5 p.m. , a strong thunderstorm went through downtown Dalton, knocking down numerous trees, causing power outages and also causing damage. At this time, no injuries have been reported.  The Dalton Fire Department and Dalton Police Department responded to multiple reports of damage. The DPD closed several roads due to downed trees and power lines. ... (click for more)

Chattanooga Honors Military Veterans

A Memorial Day service was held at the National Cemetery on Monday. (click for more)

Calling Out Bad Behavior In St. Elmo

I have lived in the St. Elmo community of Chattanooga for practicially all 52 years of my life. My grandmother moved to St. Elmo in 1919. My Dad was literally born in a home in St. Elmo and lived his entire 72 years in this community and my Mom has lived here 60 years of her life. I am very disappointed in what my neighborhood has become. I like people. ... (click for more)

Don't Squander The 2016 Election Opportunity

This is what I don't understand. Christians refusing to vote for anyone who is not squeaky clean and who doesn't live up to our standards. I'm not bashing Christians. I proudly proclaim Jesus as Lord and Savior.  But If we made our voice known more we could have a lot greater influence than we have. And I don't mean just boycotting. I specifically mean the last two ... (click for more)