Chattanooga Real Estate Blog

Huey Lewis and the News opened Riverbend this year and Kellie Pickler will be the closing act on Saturday before the fireworks show.  Alan Jackson will be headlining tomorrow night so the next two nights are going to be great!  I think everyone I know went to the Bessie Smith Strut this year but me.  Oh well, maybe next year…

Forbes Magazine has posted a list of 9 Reasons to Buy a House Now.   Add these to the ones I posted back in April and the only question I have is “why are you waiting?”.

1.  We are experiencing the lowest housing prices in years

2.  Interest rates are at a 50 year low

3.  Interest rates are expected to go back up

4.  Adjustable rate mortgages are at record lows

5.  Low down payment mortgages are still available for the time being

6.  Lenders have begun to loosen up a little

7.  Some lenders are offering no fee mortgages

8.  Home builders are eager to sell and many are offering nice incentives

9.  Resell homeowners are motivated to sell