Can you afford to buy a home in Chattanooga Tennessee?

[@5725Hurley]

Great video

[@VictoriaGates]

Just over the border into the north part of Georgia is also a really nice area with great amenities. The Fort Oglethorpe and Ringgold areas. There's a great Costco, Publix, and all the other things you would need.

[@steveballew9244]

Hi. What sub division is shown at 8:09 in this video?

[@livinginchattanoogatn]

I'm not sure which exact subdivision this was. I believe I filmed this in either Ooltewah or Hixson

[@steveballew9244]

Thanks. We're thinking of accepting a job there and that subdivision looked really nice.

[@livinginchattanoogatn]

@@steveballew9244 Give me a call 423-248-2101 would love to help out!

[@steveballew9244]

​@@livinginchattanoogatn Will do!

[@danceprometheus]

A primary reason I chose Tennessee is because of the affordability of homes compared to Northern Virginia homes not to mention it's a beautiful and wonderful State to live in with so much to offer.

[@livinginchattanoogatn]

Agreed!

[@kdog337]

Hi, do you see prices continuing to increase this year? It seems most markets are at a stall right now, if we can wait to save more I would but at the same time, 20% appreciation is hard to keep up with... From a glance it looks like lots of homes are selling at or under asking price

[@livinginchattanoogatn]

Prices will continue to climb in TN, especially Chattanooga, Knoxville, and the Tri-cities. Here's why: 1. The real estate market is cyclical throughout the year, and there is always a stall/slowing of the market august-november. Summer is over, kids are in school, people go back to work, etc. Priorities change. This is one of the best times to buy. There's less competition in the market. Despite the slow-down at this time of year, Chattanooga is still seeing a 4% + appreciation year over year. 2. Take into consideration supply and demand. We have 300 people moving in for every 100 moving out, and inventory is extremely low. Prices will continue to rise as demand rises, despite interest rates being high. 3. 92% of Americans have an interest rate locked in below 4%, so there's no incentive for them to sell, causing inventory to be low. Builders have also slowed down a ton. 4. The people moving here are often times from larger cities where they're used to paying a premium for housing. And typically, when they move, they have a ton of equity in the home they're selling, so there are a lot of cash buyers willing to pay a premium for housing. As long as people keep buying high, prices will stay high. They'll stay high until the market tells it "no." Long story long, I see prices dropping a tiny bit/staying the same over the next few months. But, over the long term, prices are going to continue to rise here in Chattanooga. Take with a grain of salt anyone who tells you that we're going to see a crash like 2008. People are locked in at an extremely affordable rate, and with the lack of supply and increasing demand, a crash doesn't make sense.