Robert Backer: Jobs & Home Ownership: You Can’t Have One Without The Other

Wednesday, June 9, 2021 - by Robert Backer, president, Greater Chattanooga Realtors
Recently, I had the privilege of speaking to the Chattanooga Chamber of Commerce and reflected on just how similar our two organizations are to one another. After all, when it comes to jobs and homeownership, you can’t have one without the other.
 
Did you know that jobs are created every time a house is built, bought, or sold? A job is created for every two homes sold, and each home sale touches 80 different occupations.
 
According to a National Association of Realtors’ 2020 study of Tennessee home sales, each home purchase generates an estimated $75,000 in economic activity over time.
Think about it – furniture, home improvements, landscaping. All of these businesses benefit from just one home sale. When you look at the big picture, in our state alone, the real estate industry accounted for $59.6 billion, or 16.4 percent of the gross state product in 2020. Clearly, the economic impact of a typical home sale is anything but typical.
 
And just like the Chamber’s role in promoting positive relations within the business community, Greater Chattanooga realtors promotes positive relationships throughout our real estate market, which is interesting since our realtor members compete daily amongst themselves for listings and buyer or tenant clients. Even though by nature we’re competitive, we all see the common good of promoting homeownership in our community.
 
I’ve found that many people, and some Realtors, might not fully grasp the role of Greater Chattanooga Realtors® in our community. Our advocacy efforts are likely where the community (and heck, even our members at times) see that the Greater Chattanooga realtors are about so much more than getting people into homes and the next commission check. Through the Association, Realtors focus on all things impacting private property rights.
 
In local news, you may hear Realtors take a position on a city or county initiative such as form-based code, storm water requirements, and payment in lieu of taxes (PILOT) programs. Taking these positions on such issues is not a self-serving one to protect our profession. Rather, Realtors firmly believe in the delicate balance between the local economy and the real estate market.  For instance, since our association is working on behalf of property owners, housing affordability is constantly on our minds. We believe in the power of owning a home, and we are working with different organizations to make the dream of owning a home a reality for the people of our community.
 
Through various committees and the Greater Chattanooga Realtors® staff, Realtors are constantly monitoring local initiatives that could impact, positively or negatively, the real estate market and our community. When needed, just like the Chamber, we meet with elected officials to discuss such initiatives and any concerns we may have.
 
Partners like the Chamber help bring talented individuals and their businesses to our area, and it’s our job to make sure their housing needs are met. We all work together for the benefit of everyone. We are excited to continue to work with our partners in making sure Chattanooga remains a great place to live and work. That’s Who We R.

148-Lot Residential Development Planned On Snow Hill Road

Local Legal Leaders Unite To Make A Difference At Habitat for Humanity of Cleveland's Law Build Day

Real Estate Transfers For June 3-9


A 148-lot residential development is planned at 7302 and 7306 Snow Hill Road. RAS, LLC is the developer on the site owned by the Rogers family. The staff of the Regional Planning Agency ... (click for more)

Habitat for Humanity of Cleveland’s first ever Law Build Day is an exclusive event with 10 legal leaders in the Cleveland community coming together to sponsor and help build a home. On Saturday, ... (click for more)

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)



Real Estate

148-Lot Residential Development Planned On Snow Hill Road

A 148-lot residential development is planned at 7302 and 7306 Snow Hill Road. RAS, LLC is the developer on the site owned by the Rogers family. The staff of the Regional Planning Agency is recommending approval for the Planned Unit Development, saying it conforms with the Wolftever Area Land Plan. It goes before the Planning Commission on Monday at 1 p.m. at the County ... (click for more)

Local Legal Leaders Unite To Make A Difference At Habitat for Humanity of Cleveland's Law Build Day

Habitat for Humanity of Cleveland’s first ever Law Build Day is an exclusive event with 10 legal leaders in the Cleveland community coming together to sponsor and help build a home. On Saturday, June 19, they will step “out of the courtroom” and onto the construction site to experience camaraderie and network, as they help build a home. This team will be continuing work started ... (click for more)

Breaking News

Greg Vital, Hoyt Samples, D'Angelo Jelks Pick Up For House District 29 Race

Businessman Greg Vital, who lost a squeaker of a race to Todd Gardenhire for state Senate in 2012, has picked up papers to run as a Republican for House District 29. Attorney Hoyt Samples also picked up to run on the GOP side. D'Angelo Jelks is a Democratic candidate. The County Commission has appointed Joan Carter to serve until the election. She is the widow of Mike Carter, ... (click for more)

National Cemetery Director Says 6 Potential Sites Picked For Expansion Of Cemetery; Veteran Services To Move Back To Cemetery

Chattanooga VA National Cemetery Director Deborah Kendrick said the VA has identified six possible sites for cemetery expansion in Chattanooga. She said those locations have not been made public. Ms. Kendrick said the VA hopes to break ground for a new cemetery in 2027 or 2028. The federal government said last year that it was running out of ground at the cemetery and was ... (click for more)

Opinion

Marsha Blackburn Should Focus On Finding Compromise On The Infrastructure Bill - And Response (2)

Marsha seems obsessed with Dr. Fauci. Does it always have to be about her? I wish it was more about us. If it was more about us, instead of Marsha, she would be hard at work finding compromise on the federal infrastructure bill. No other city in the nation would benefit more from the infrastructure bill than Chattanooga. But Marsha has never read the bill and does not ... (click for more)

Roy Exum: How Can Any Forget?

It was noted by the national media – and me – earlier this week when President Joe Biden failed to salute one the greatest days in America’s history. D-Day, the June 6th attack at Normandy, France, was celebrated on Sunday and what I believe was the first time in about 80 years the hard-fought triumph over evil was ignored by The White House. As I watch more and more of the ‘woke’ ... (click for more)