Home Sales Up 2.1 Percent In December

Tuesday, January 22, 2013

Home sales in Chattanooga rose in December, according to a report from the Greater Chattanooga Association of Realtors.

New listings in the Chattanooga region were up 10.2 percent to 581. Closed sales rose 2.1% finishing the month with 496 residential units sold. Inventory shrank 8.0 percent to 4,534 units.

Prices turned higher as the median sales price was up 9.6 percent to $142,500. Days on market decreased 2.9 percent to 132 days. Months supply of inventory was down 21.4 percent to 8.1 months, indicating that demand increased relative to supply.

Meanwhile, third quarter GDP was upwardly revised to 3.1 percent and several prominent housing indices continue to showcase market turnaround. 

GCAR President Mark Blazek said, “Momentum is on our side. Remember, it won't necessarily be fast, consistent nor universal, but recovery appears to be here to stay. After five or six challenging years, it's a welcomed change of pace.”



Bridger Says It Is Time For Policy On Building On Steep Slopes, Flood Plains

Regional Planning Agency Executive Director John Bridger told the City Council on Tuesday it is time for a policy on building on steep slopes and flood plains. He said, as developable land runs out in Hamilton County, more builders are turning to steep slopes and lowlands. Mr. Bridger asked the council to pass a resolution directing the RPA to draw up a proposed policy.  ... (click for more)

Chattanooga Design Studio Enlists Public To Help Plan Future Of South Broad Street District

Based on the culmination of a public input that engaged more than 250 local citizens, the Chattanooga Design Studio announced the completion of a report outlining future plans for the South Broad District. “Citizen input is the foundation of all great urban design so we are proud to release recommendations derived from hundreds of participating residents, business owners and ... (click for more)

Witness Says Christopher Turner Shot Jamichael Eddins Multiple Times After He Was Already Down At Carousel Road

Police said Christopher Lashawn Turner stood over 24-year-old Jamichael Eddins on Carousel Road late Tuesday afternoon and fired multiple shots into him after shooting him moments before.   Turner, 26, of 1203 Sholar Ave., was charged with criminal homicide, aggravated assault, reckless endangerment and possession of a firearm.   Randall Davenport, 28, was ... (click for more)

County Commission Approves Sizable Pay Increase For Magistrates

The County Commission has approved a sizable pay raise for its four magistrates, taking them from the current $66,000 per year to $92,000 by 2021. The raises will take effect beginning with new terms for magistrates. Two of the current magistrates are up for re-appointment in May. Their pay level will become $80,000. It will rise by $4,000 per year until reaching the $92,000. ... (click for more)

Reflections On Billy Graham

Sandra and I are saddened this morning after learning of the death of Billy Graham. We rejoice today, because Mr. Graham once said "It will be reported that Billy Graham has died, but that won't be the truth. He said the truth is that he had only moved to a new location".  I remember when we named 15th Street as Billy Graham Avenue, his daughter Gigi came for the dedication ... (click for more)

Roy Exum: Me & Billy Graham

For several years in my life it seemed my bad arm and I spent more time at Mayo Clinic than we did in my own house. I hold the record for the most different infections in an elbow at the same time, and my medical charts never had my name on them, instead I was simply, “Mr. Complication.” One morning in particular I spent a horrible three hours in the “nerve conduction lab” with ... (click for more)