Chattanooga Real Estate Blog

Realtors and agents can give buyers a considerable amount of information but there are certain things we simply cannot discuss.  If we provide information about local demographics it is known as ‘steering’ which is against Fair Housing laws.

Fair Housing laws prohibit discrimination based on race, color, national origin, religion, sex, familial status and the handicapped.  These same laws are intended to prohibit agents from helping buyers locate properties based on the ELIMINATION of any of these protected classes, even if the buyer requests it.

Your agent can give you some resources where you will find the information you want.  We just can’t discuss what you find.

Bottom line is that it might seem like your agent is not doing their job for you and leaving you short-handed on information, the reality is they are enforcing fair housing laws.

Still waiting to buy till prices ‘hit bottom’?  Doing that is actually costing you money.  The folks over at KCM put it in pretty simple terms

Prices have remained stable but interest rates have risen dramatically in the last 90 days.

The price is the same, it just costs more.

Waiting just 90 days to purchase that $170,000 home has already cost you $89.44 per month, $1,073.28 per year or $32,198.40 over the life of  a 30 year mortgage.

It’s not often you see Chattanooga in the same category as large California cities or Washington DC yet here we are. Forbes has named Chattanooga as one of the top 10 cities where home values will rise in 2011.  Great news for sellers.  If you are on the fence about buying you should jump in before the prices start back up.

Good News for Chattanooga Housing

The complete list is:

San Jose, CA
Santa Ana, CA
Bethesda, MD
Pittsburgh, PA
San Diego, CA
Oklahoma City, OK
Washington, DC
Austin, TX
Chattanooga, TN
Boston, MA

Karen Rhodes Realtor