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. 



Gina Pannell Joins RE/MAX Properties As An Affiliate Broker

Gina Pannell has joined RE/MAX Properties as the newest member of its sales team. When she was young, Gina lived in Chattanooga and went to school in Apison. She said she always remembered the Chattanooga area and how beautiful it was compared to some places she had lived. She always wanted to come back to the area. As an adult, she also lived in Louisiana and North Carolina.  ... (click for more)

Joan Rose Named Coldwell Banker Pryor Realty's Rising Star Of The Year For 2017

Joan Rose, a local affiliate broker with Coldwell Banker Pryor Realty, was recognized as Coldwell Banker Pryor Realty’s Rising Star of the Year and Multi-Million Dollar Producer for 2017. The award was presented at the annual Coldwell Banker Awards Ceremony held at Springhill Suites in downtown Chattanooga. Ms. Rose, an Ooltewah resident, transitioned into real estate in late ... (click for more)

TBI Puts Man Who Killed 4 At Waffle House On Its "10 Most Wanted" List

A man who killed four people and injured two others at a Waffle House near Nashville on Sunday morning is still on the loose and has been added to the Tennessee Bureau of Investigation's ‘Top 10 Most Wanted’ list. He was identified as Travis Reinking, 29, of Morton, Ill., was arrested last year when he was in a restricted area at the White House in Washington, D.C. Reinking ... (click for more)

Dayton Teen Arrested After Running From Deputies On Highway 60; Passenger Caught With Drugs

Hamilton County Sheriff deputies caught up with a Dayton teen who drove off at a high rate of speed on Highway 60 on Sunday afternoon. A passenger in the vehicle was caught with drugs. At approximately  5 p.m. , deputies observed a white Chrysler 200 traveling south in the 7800 block of Highway 60 at a high rate of speed. The driver was improperly passing other vehicles ... (click for more)

Teachers Have Good Compensation Compared To Other Taxpayers - And Response

Hamilton County experienced a property tax increase of about 10.7 percent in 2017. By law the reappraisal of property shall not increase tax revenue. So after the reappraisal the state certified millage rate for Hamilton County was 2.4976 per hundred dollars assessed value. The county commission voted to raise the millage rate to 2.7652 per hundred. That's about a 10.7 percent increase ... (click for more)

Roy Exum: Always Know The Facts

I adore the fact so many of America’s high school and college students are very active in our battle against violence in our schools but bemoan the fact that when you combine youth and ‘lack of experience’ they often are misguided and ill-informed. The best example came on Saturday when a reporter for Campus Reform walked around the Cal State-Santa Barbara campus asking the students ... (click for more)