Chattanooga Real Estate Blog

Realty Trac released the stats for the 3rd quarter home sales.  Foreclosures accounted for 20% of the home sales nationwide during the 3rd quarter of 2011.  Our local market percentage was higher than that.  During the same period we had 1,633 residential sales.  416 of those were foreclosures representing 25.5% of the total sales.

I expect the same or higher figures for the fourth quarter both nationwide and locally.

I wish everyone a safe, prosperous and happy new year!!

Economists expect prices to continue to fall through at least mid 2012.  This is due to the continued oversupply of houses available due to the huge number of distress and foreclosed properties.  See the full article here.

The article is based on 20 cities but is a good representation of the entire country.

It’s that time of year again when we get back that extra hour of sleep.  Don’t forget to move your clocks back an hour before you go to bed Saturday night.

This beautiful home has an open floor plan with split bedrooms. Natural light abounds. A rear deck overlooks a private back yard. Located in a quiet picturesque neighborhood. The master bedroom has tray ceilings, recessed lighting and a large closet. The master bath has his and her sinks. The great room has cathedral ceilings, a gas fireplace with an ornamental mantel and a ceiling fan. The kitchen has lots of counter space and an attached laundry room with tons of extra storage.

The basement has been nicely finished creating a play area or rec room, office and a 3rd full bathroom. The main level carpet was replaced with hardwood flooring so it’s great for those with allergies. Don’t miss out on this wonderful home!

The children of the victims of 9-11 are their legacy.

Rural development or USDA loans have become extremely popular lately.  Other than a VA loan it’s the only one left offering 100% financing.  There are some qualifications though both in property eligibility and income eligibility.

To find out if you meet the income criteria and what areas meet eligibility requirements check out the Eligibility section of UDSA’s website.  

I couldn’t let this one pass without spreading the word.   In my opinion this is the best deal on the water right now.  It was reduced almost $70,000 today from $490,000 to $429,000.  It needs a little updating but the view is great, the slope to the water isn’t bad at all and the dock is in place.

Call me if you are interested!!!

All you iPhone and Android users can now get lake information such as lake levels, release schedules and lock information on your devices now.

iPhone, iPad and  iPod touch users check out the App Store

Android users can download at the Android Market

Don’t have one of these devices?  There is also a mobile app http://m.tva.com