Chattanooga Real Estate Blog

The announcement came yesterday.  I really hope this gets worked out because we need a shot in the arm around here.

TFP reports:

State and local officials on Monday confirmed that Amazon.com is in discussions about locating two fulfillment centers in Chattanooga and Bradley County.

If negotiations are successful, the two projects would represent a combined investment of more than $164 million to create more than 2 million square feet of distribution space and up to 1,400 new jobs over a period of years, officials said.

Have a safe and happy Thanksgiving weekend!

Interest rates compliments of:

Mortgage South
Melanie Huddleston
1007 Ashland Terrace
Suite 104B
Chattanooga, TN 37415
423-648-7630

Conventional Fixed Rate

30 yr  =  4.25%

20 yr = 4.25%

15 yr  =  3.625%

FHA and VA

30 yr  =  4.125%

30 yr = 4.375%

Rates subject to change

Buyer activity this year versus last year continues to look good, up 62.9 percent year-over-year with 158 contracts written. Keep in mind that the number of actual units sold was relatively small so the percentage change looks dramatic. Also, as properties moved in and out of the “Contingent” field, this number adjusts throughout the week and especially when looking back a week.

New Listings dropped to 187 homes added to the market for the week ending October 23 and is down 22.4 percent compared to last year. The mix of buyer activity and new listings has brought the number of Active Listings for Sale down 10.5 percent from last year to 5,930 homes. Months’ Supply of Inventory was down by 12.2 percent from last year at 12.9 months.

It remains a strong buyer’s market and housing affordability for the region is at a historical high.