Chattanooga Real Estate Blog

Economists expect prices to continue to fall through at least mid 2012.  This is due to the continued oversupply of houses available due to the huge number of distress and foreclosed properties.  See the full article here.

The article is based on 20 cities but is a good representation of the entire country.

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