Chris Mabee: Housing Remains A Priority For Most Americans

Wednesday, November 23, 2016 - by Chris Mabee, President of Home Builders Association Of Greater Chattanooga

Even as housing markets continue to recover at different rates around the country, the American Dream of homeownership remains strong. In fact, an overwhelming four-out-of-five Americans believe that owning a home is a good investment, according to a recent poll commissioned by the National Association of Home Builders (NAHB).

Not surprisingly, most Americans believe that owning a home remains an integral part of the American Dream and that policymakers need to take active steps to encourage and protect homeownership.

The survey responses highlight the many benefits of homeownership, including the solid investment opportunity. Indeed, 82 percent of respondents rate “a home for you to live in” as a good or excellent investment (the highest of six choices), far ahead of the second option, retirement accounts, at 67 percent. They recognize the fact that homeownership is a primary source of net worth for many Americans, and is an important step in accumulating personal financial assets over the long term.

And, contrary to some concerns about Millennials rejecting the idea of homeownership, 81 percent of 18-29-year-olds want to buy a home. Some Millennials may be taking longer to purchase a home as they work to overcome the primary hurdles to homeownership.

Among those polled, 55 percent said the biggest obstacle to buying a home was finding a home at an affordable price, followed by 50 percent who cited insufficient savings for a down payment and 41 percent who reported difficulty getting approved for a home loan.

Perhaps that is why 72 percent of respondents support the government providing tax incentives to encourage homeownership. Tax benefits, particularly the mortgage interest deduction, which has been included in the tax code for more than 100 years – have been key in developing the American Dream and supporting the aspirations of countless families at all income levels who want to become established home owners.

You can learn more about the homeownership survey at nahb.org. To find out about homeownership opportunities in Chattanooga and the surrounding area, contact HBAGC at 423-624-9992 or hbagc.net. 



Becky Smith Joins RE/MAX Properties As New Affiliate Broker

Becky Smith has joined RE/MAX Properties as the newest member of its sales team. Becky has been in the real estate business since 2015.  She has been a RE/MAX affiliate broker since starting in real estate.  She lives in Red Bank and loves downtown Chattanooga and all the local events around town. Before entering the industry, she managed an urgent care facility ... (click for more)

June 2018 Home Sales Increasing In Chattanooga

Housing markets across the nation are most assuredly active this summer, and buyer competition is manifesting itself into several quick sales above asking price. While the strength of the U.S. economy has helped purchase offers pile up, the Fed recently increased the federal funds rate by 0.25 percent, marking the second rate hike this year and seventh since late 2015. Although ... (click for more)

Kordarrius Murphy, 22, Shot On Bonny Oaks Drive Late Thursday Night

Kordarrius Murphy, 22, was shot late Thursday night on Bonny Oaks Drive.   The Chattanooga Police Department responded  at approximately  11:36 p.m.   to a report that a person had been shot. Officers were dispatched to a vehicle crash with injuries at 4200 Bonny Oaks Drive. At the same time, a shooting victim arrived at a local hospital in a private ... (click for more)

Chancellor Fleenor Sets Aug. 6 Hearing In Democratic Suit To Keep Robin Smith Off The Ballot; Ms. Smith Was Former Campaign Advisor To Judge

Hamilton County Chancellor Pam McNutt Fleenor has set a hearing for Aug. 6 at 1:30 p.m. on a lawsuit brought by the Tennessee Democratic Party seeking to keep former state GOP Chairman Robin Smith off the ballot. Ms. Smith was a campaign advisor for Ms. McNutt Fleenor when she ran for judge in 2014. Her Rivers Edge Alliance was paid $13,546.86 by the McNutt Fleenor campaign, ... (click for more)

Not My University: Why I’m Not Okay With Mike Pence Coming To Lee University - And Response (6)

As a student of Lee University, who is well-aware of the Lee administration’s more conservative stance in politics, I am upset about Mike Pence visiting the university and being welcomed on our campus. Although I respect that Pence is in a position of authority as our nation’s Vice President, and that he likewise deserves the right to hold his own opinions in regards to the issues ... (click for more)

Employee Who Stole From East Ridge Should Be Prosecuted

Why has the East Ridge employee who was fired for theft not been charged with theft?    City Manager Scott Miller made the statement that the employee had problems and that the stolen items were returned.  What does that have to do with the employee stealing ?   He has had a history of abuse of city resources. Why is he not being prosecuted? ... (click for more)