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Old 09-06-2013, 02:35 AM
 
515 posts, read 1,094,139 times
Reputation: 410

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Looking in zillow I see a bunch of houses in foreclosure or pre-foreclosure status. I also see a lot of homes with prices being reduced over the last year or so and just generally a lot of homes forsale - at least a couple of thousand according to zillow. I'm thinking about moving here and would appreciate any comments about the status of the market.

Thanks
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Old 09-06-2013, 11:22 AM
 
947 posts, read 2,926,175 times
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I don't know if this is what you wanted to see: Chattanooga housing market heats up: Builders busy in Scenic City | timesfreepress.com
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Old 09-07-2013, 06:20 AM
 
Location: Chattanooga
10 posts, read 18,188 times
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Hi Kaiminani,

I am a real estate agent in Chattanooga. I enjoy stats and over all market study. The market here is up 22% in homes priced $200,000 and above. (That is number of home sales comparing 2012 to 2013).

The number of home sales $100,000 and below is down 11% in 2013 compared to 2012. Realtors are jumping back into the market after sitting on the sidelines. The residential sales are picking up.

It does seem to be slowing a bit in late August, but not much. Jobs are fueling the growth here at Volkswagen, Amazon and Wacker in Cleveland, TN area.

I am new in the City-data thing, but if you can see my profile here you can find my wordpress blog on my profile. I have a lot of info that will be helpful to you.

Hope that helps a bit!

Respectfully,

Brian
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Old 09-07-2013, 06:26 AM
 
Location: Chattanooga
10 posts, read 18,188 times
Reputation: 17
Dear Kaiminani,

Here is a link to post I wrote
How is the Home Sales Market in Chattanooga TN for 2013? – Brian R. Kelly

That may help answer the question a bit
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Old 09-07-2013, 09:05 AM
 
2 posts, read 2,541 times
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Quote:
Originally Posted by BrianRKelly View Post
Dear Kaiminani,

Here is a link to post I wrote
How is the Home Sales Market in Chattanooga TN for 2013? – Brian R. Kelly

That may help answer the question a bit
Thanks for this!

You just confirmed a lot of what I was suspecting. I've been considering a sub $100,000 rehab project house in the area, and yeah -- it does seem to be a challenging market for that.
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Old 09-07-2013, 09:13 AM
 
Location: Chattanooga
10 posts, read 18,188 times
Reputation: 17
I thought maybe the inventory was stacking up under $100,,, but it isn't. What I see happening is that there are fewer foreclosures that more rehabbers are fighting for and the margins are being squeezed. I have buyers that are long time hold landlords that will pay more than wholesalers and rehabbers, because they are not professional full time landlords but more long term hold folks.

If you like to fix up really well, there is a market for nice smelling pretty homes under $100. The margins are just not what they used to be on the purchase side.

I appreciate the feedback!
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Old 09-12-2013, 03:11 PM
 
5 posts, read 6,151 times
Reputation: 10
Brian - do you work with rental homes as well or just homes for purchase? I'm moving to Chattanooga at the beginning of November and am looking for rentals in and around the area. I do have pets. Any advice would be awesome!

Quote:
Originally Posted by BrianRKelly View Post
Hi Kaiminani,

I am a real estate agent in Chattanooga. I enjoy stats and over all market study. The market here is up 22% in homes priced $200,000 and above. (That is number of home sales comparing 2012 to 2013).

The number of home sales $100,000 and below is down 11% in 2013 compared to 2012. Realtors are jumping back into the market after sitting on the sidelines. The residential sales are picking up.

It does seem to be slowing a bit in late August, but not much. Jobs are fueling the growth here at Volkswagen, Amazon and Wacker in Cleveland, TN area.

I am new in the City-data thing, but if you can see my profile here you can find my wordpress blog on my profile. I have a lot of info that will be helpful to you.

Hope that helps a bit!

Respectfully,

Brian
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Old 09-12-2013, 07:54 PM
 
Location: Chattanooga
10 posts, read 18,188 times
Reputation: 17
I have some investor friends that may have something.. I do not do a lot of rental work, but I do know the market well and may be able to point you in some directions or people that can help.
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