Chattanooga Real Estate Blog

Interest rates compliments of:

Last week, FORBES.COM published a news story listing the 10 "Best Places To Buy Foreclosed Homes." The nation’s 100 largest metro areas were studied in the process of selecting the Top 10. Basing their analysis on recent data from RealtyTrac, the report identifies markets where properties in foreclosure may, in fact, be a good investment …because the markets in those areas are stabilizing and "foreclosures aren’t symptomatic of local economic ruin."

TWO Tennessee cities (and surrounding areas) made the Top 10 List:

        1. Charlotte, NC

        2. Raleigh, NC

        3. NASHVILLE, TN

        4. Oklahoma City, OK

        5. San Antonio, TX

        6. Albuquerque, NM

        7. KNOXVILLE, TN

        8. Seattle, Wash.

        9. Indianapolis, Ind.

        10. Washington-Arlington-Alexandria

OK so it’s been FOREVER since I posted anything.  To be honest, I’ve been too lazy

I ran across a local blog today with some great photos of the area and I wanted to share them with everyone.  Chattanooga is a beautiful place!!  Thanks to local artist Staci for taking the time to post the photos and be sure to check her jewelry out on her website.  Gotta support local artists!

As bad as things are it’s expected to get worse and Housing Predictor has released their prediction for the worst markets this year.  Fortunately we aren’t on the list.  Business actually seems to be picking up in our area.

"The Worst 25 are composed of cities that have the highest probability of reaching their forecast deflation in 2008". 

Miami is leading the list.  No Tennessee market is listed but Atlanta is in the 10th spot.

RealtyTrac® (realtytrac.com), the leading online marketplace for foreclosure properties, today released its October 2007 U.S. Foreclosure Market Report, which shows a total of 224,451 foreclosure filings — default notices, auction sale notices and bank repossessions — were reported during the month, up 2 percent from the previous month and up 94 percent from October 2006. The national foreclosure rate for the month was one foreclosure filing for every 555 households.

Tennessee is still running in the 11th highest rate in the nation with 1 in every 580 households entering some state of the foreclosure process.  This figure represents an increase over last month of 12.79% and 23.92% over last October.

10.  Illinois
9.  Indiana
8.  Arizona
7.  Colorado
6.  Michigan
5.  Georgia
4.  Ohio
3.  Florida
2.  California

And the winner is
1.  Nevada

Just ran across this movie on Amazon.  I have to have it!!