October Produces A Strong Month Of Home Sales

Wednesday, November 21, 2012

Home sales increased in the Greater Chattanooga area, according to information released by the Multiple Listing Service of the Greater Chattanooga Association of Realtors.

Officials said, "It's been a giant year for the housing market, as we round out the remaining two months of the 2012. Most markets shed listings, resulting from strong sales and lessened seller activity." 

Closed sales for the month of October increased by 31.3% finishing at 562 homes sold. New listings coming to market in the Chattanooga region were up 17.8 percent to 892 for the month compared to the same period last year. However, overall inventory available for sale shrank 10.4 percent to 4,814 units. 

There has been a general easing of foreclosures and short sales, meaning distressed listings are dragging prices down less right now than in recent years. Prices turned higher as the Median Sales Price was up 12.3 percent to $144,601. Days on Market decreased 6.9 percent to 121 days. Months Supply of Inventory was down 21.2 percent to 8.9 months, indicating that demand increased relative to supply. 

GCAR President Mark Hite said, “The economy is growing, but not at the pace most of us desire and economic growth in 2013 is expected to outpace 2012 which is positive if it this prediction becomes a reality mortgage rates are expected to remain near historic lows through 2015, rents are expected to rise due to low vacancy.”


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Real Estate Transfers For Dec. 4-10

NOTICE: The Hamilton County Register’s Office did not publish this data. All information in the Register’s Office is public information as set out in T.C.A. 10-7-503. For questions regarding this report, please call Chattanoogan.com at 423 266-2325. GI numbers, listed when street addresses are not available, refer to the location of transactions (book number and page number) ... (click for more)

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Police Say Texts From Slain Minister Detailed Drug Deals

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Please Don't Close The Piccadilly Cafeteria At Hamilton Place

Oh, no. The Piccadilly Cafeteria at Hamilton Place is closing.  Its last day is Christmas Eve.  I will miss the great food they have there but most of all I will miss their servers, cashiers and waitresses.  They are all so friendly and accommodating.  They make it like it’s a home-style restaurant. I sure wish there was some way that Hamilton Place and ... (click for more)

Roy Exum: The Last Day Of School

AUTHOR’S NOTE: This story first appeared in the Chattanooga News-Free Press in the early 1980s and every year since then I have been asked repeatedly about it. It is easily the most famous story I have ever written – copies have been sent to me from numerous foreign countries -- and it may be the easiest story I ever wrote. All I did was write what the noted religious psychologist ... (click for more)