Chattanooga Real Estate Blog

Well, it’s done.  The Hamilton County commission voted this morning to raise our property taxes by 26 cents. 

Curtis Adams, Richard Casavant, Greg Beck, Warren Mackey and John Brooks I hope you enjoy your last terms in office.  If the voters in your districts vote you back in next election then they deserve whatever you do to them.

Larry Henry, Fred Skillern, Bill Hullander and Jim Coppinger THANK YOU for standing up for what is right. 

The following graph shows the number of sales for the month of June 2007 broken down into price range.

Happy Home Realty has named its Top Real Estate Agents for the second quarter of 2007. These real estate professionals had the highest real estate sales volume for the months of April thru June. Happy Home Realty’s top agents are: Karen Rhodes, Michael Fraley, Diane Rizzo, Karen Hethcoat, Pam Dietsch, Jennelle Jumper, Judy Wanamaker, Joel Huddleston, Jim Oric, and Sharon Furrow.

Thank you to all the Happy Home Realty agents.  Due to their dedication and hard work the second quarter and the month of June were recording breaking periods for the company said Happy Huddleston, owner and principal broker of Happy Home Realty.

Happy Home Realty, with locations in Chattanooga and East Ridge, is locally owned by Howard “Happy” Huddleston and has over 40 agents serving the Chattanooga metro area. Happy Home Realty is licensed in Tennessee, Georgia and Alabama.

East Ridge Mayor Mike Steele will be recommending a 20 cent tax increase to the council Thursday night.

"Mayor Steele said that even with the increase, the $1.27 tax rate is one of the lowest in Hamilton County and one of the lowest for a city the size of East Ridge."  According to the Chattanoogan.

A heated debate took place at the Signal Mountain Town Meeting tonight about rerouting part of Brow Road so developers can build condos.

In an attempt to stop private development of 2 acres in East Brainerd the neighbors have contracted to purchase the land from the owner.  Not sure how this one is going to pan out since a developer also says he has a contract.  All parties have attorneys so we’ll see.

I am as optimistic as the next person but when you see a 20% decrease in sales and a 13% increase in inventory over last June it’s hard to keep a positive attitude about the market.  Even compared to last month we see a decrease of 11% in sales.  The increase in inventory is only 2% but accounts for 100 extra homes available.

While my personal sales volume is higher than this same period last year I see many of the newer agents struggling to stay in business.  Sellers are getting frustrated and buyers are making low offers due to the sheer number of homes available. 

Hamilton County Commission Chairman Larry Henry says he will not support the property tax increase because it is not needed. 

His reasons were exactly as I posted previously.  BEP money and county growth are the equivalent to a 26.2 cent increase so he sees "no justification for this tax increase."