Chattanooga Home Sales Increase By 15.4 Percent In April

Wednesday, May 22, 2013

The S&P/Case-Shiller Home Price Index showed that home prices in 20 major metropolitan areas had increased at the strongest pace since the bubble years. Major national indices are telling the story that local MLS data users have known for months or even years. The housing market is recovering. The recovery varies by geography and market segment, but things are certainly better than they have been and are showing no signs of letting up.

Closed Sales in Chattanooga rose an astounding 15.4%, closing with 645 residential units. New Listings in the Chattanooga region were up 9.8 percent to 1,180. Inventory shrank 8.2 percent to 4,826 units. Prices moved higher as the Median Sales Price was up 3.8 percent to $135,000.

Days on Market decreased 8.0 percent to 126 days, the twelfth consecutive month of year-over-year declines. Months Supply of Inventory was down 18.3 percent to 8.5 months, indicating that demand increased relative to supply.

GCAR President Mark Blazek said, “The prickliest thorns in our collective side are still lack of inventory and subdued listing activity. In some neighborhoods, consumers have 50 or 60 percent fewer options from which to choose than they did a few years ago. That's causing bidding wars in popular areas. Despite the competitive landscape for buyers, housing remains one of the brightest lights in an otherwise subdued economic recovery.”


Hard Hats And Heels Habitat For Humanity Event Set For April 1

Habitat for Humanity of Cleveland’s fourth annual Hard Hats and Heels event will take place on April 1 at Toyota of Cleveland, 3560 Village N Blvd. in McDonald at 6 p.m. This fundraising event includes a time of raffles, silent auction, and a live auction. The proceeds from Hard Hats & Heels will fund the construction of the Basora and Bell families in Bradley County. ... (click for more)

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School Board Turns Thumbs Down To Proposed Funding Of Central Track

County school board members on Thursday night expressed a number of concerns about a proposed $500,000 new track under consideration for funding by the County Commission at Central High School. The vote was 9-0 to table a motion to accept the money (if offered). Karitsa Mosley-Jones said, "We've got students at schools on a high priority list and you're going to give me a track?" ... (click for more)

School Board Approves 4-Year Contract Extension With Independent Bus Drivers, Who Say They Can Handle 100 Routes; Extension Given On Custodial Contract

The county school board on Thursday night extended the contract by four years of school bus owner operators, who said they could deliver on 100 bus routes. The board delayed until a special meeting at 12:30 p.m. on Saturday at Central High School the issue of whether to accept the offer of 100 contract routes. That would be handled by many of the current 49 owner operators taking ... (click for more)

Bikers Need To Have Licenses And Insurance - And Response

I am okay with Haslam’s idea of raising the gas tax and lowering the food tax.  But, I want to see a tax of bicycles since they have their own lanes now and they also have to be maintained. How much revenue would that bring in?  I would think if we have enough bike riders to have the lanes in the first place, there must be enough to generate some money for road improvements. ... (click for more)

Roy Exum: Where Is Central’s Auditorium?

I am surely one of the biggest proponents of high school athletics there is, especially after half a decade of being an eye witness to the vast array of lessons that are learned every day by anyone associated with sports. That said, I have watched the Hamilton County Commission waffle on a $500,000 track at Central High School with a certain curiosity because the same high school ... (click for more)