Tennessee Sales, Median Price Rise; Inventory Drops In April 2016

Tuesday, May 10, 2016
Single-family home sales in Tennessee rose 9.1% in April 2016 over the previous April (from 5,889 to 6,490), the median price rose 9.1% (from $171,000 to $186,600), and inventory dropped by 27.9% (from 32,455 to 23,401), according to statistics compiled by the Tennessee Association of Realtors (TNAOR). 

The trends were almost identical for condominium sales.

"These latest numbers suggest that fence-sitters may be poised to make the move to buy in light of shrinking inventory and concerns over interest-rate hikes.
By all indications, the busy spring and summer months look to be on a pace to surpass last year's overall totals in Tennessee," said Randy Durham, 2016 president of the Tennessee Association of Realtors.

Real Estate Transfers For June 23-29

Consumer Alert: Scam Home Warranty Letters

Derek English: Community Partnerships Make Us Stronger


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 ... (click for more)

The Division of Consumer Affairs in the Tennessee Attorney General’s Office is warning homeowners about a home warranty scam. The letter urges Tennessee homeowners to purchase a home warranty ... (click for more)

Love where you live. On the surface, it’s pretty simple, but loving where you live means being actively invested in the community. That is why in addition to the causes our members support individually, ... (click for more)



Real Estate

Real Estate Transfers For June 23-29

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) in ... (click for more)

Consumer Alert: Scam Home Warranty Letters

The Division of Consumer Affairs in the Tennessee Attorney General’s Office is warning homeowners about a home warranty scam. The letter urges Tennessee homeowners to purchase a home warranty claiming the current home warranty “may be expiring or may have already expired.” Each letter contains the same claim, even if the homeowner has never purchased a home warranty. The letter ... (click for more)

Breaking News

EPA Awarding Brownfield Grant At Site Of Planned Lookouts Stadium

U.S. Environmental Protection Agency (EPA) Deputy Administrator Janet McCabe on Wednesday is set to present the city of Chattanooga with Brownfield program cleanup and assessment grants at the site of a planned new $79.5 million stadium to be used by the Lookouts. The press conference will be at the U.S. Pipe/Wheland site. The grant is "to help spur economic revitalization ... (click for more)

Chattanooga Couple Describes Frightening Home Invasion

A Chattanooga couple on Friday morning described a frightening home invasion that a Memphis pair are accused of committing. Charges were bound to the Grand Jury against Darion Merriweather and William Edward Farmer IV. Judge Gerald Webb increased the bond for their aggravated burglary charges to $75,000. Farmer and Merriweather are facing two counts of kidnapping, aggravated ... (click for more)

Opinion

22 Questions And Concerns About A New $79.5 Million Lookouts Stadium

The proposal for the Lookouts stadium brings forth several questions that I have not gotten good answers yet from anyone. 1. If the 10 acres Gary Chazen is donating is worth $10,000,000, why doesn’t he and his partners just sell the 140 acres and go to the bank with over $100,000,000? 2. There has been over a billion dollars of new construction in downtown Chattanooga ... (click for more)

New Stadium Does Not Pass The Smell Test - And Response

I can't find any logical reasons that the new Lookout stadium is being placed where it is other than to think it's a combination of favoritism and eliminating an eyesore. All statistics point to an illogical decision coupled with questionable tax breaks/support. Lookouts average attendance in 2018 (all that I could quickly find) was 3,206 per game and ranked 74th among ... (click for more)