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.”


Realtors See Some Positives In June Sales Figures

Officials of the Chattanooga Association of Realtors said they see some positives in June sales figures. Officials said, "Upon first review of our June residential market statistics, housing seemed to have had a slow start in the spring selling season. But don’t let appearances deceive. As you dig into that spring soil, you begin to unearth differences in individual areas and ... (click for more)

Commissioners Chide Augusta Developer For Not Talking With Lincoln Park Residents

Some Planning Commission members on Monday chided an Augusta, Ga., developer for not talking with Lincoln Park residents about a proposal to construct 387 multi-family residential units on a 17.7-acre former manufacturing site on Riverside Drive. The location is across from the Boathouse Restaurant. However, Commissioner Don Moon said he might have done the same thing. He said ... (click for more)

DA Looking Into Issue Of County Commission Candidate's Campaign Sending Filled-Out Requests For Absentee Ballot To Elderly Voters

The District Attorney's Office has been provided with documents that a County Commission candidate's campaign sent filled-out requests for absentee ballots to elderly voters. Kerry Steelman, election administrator, said there have been four instances in which such requests came from the Elect John Brooks campaign. He said state law says in Section 2-6-202:  (3) A person ... (click for more)

Graham Says County School-City Lawsuit Settlement "Stinks," But County Commission Approves It

The County Commission on Wednesday approved a settlement of a lawsuit brought by the Hamilton County Schools against the city of Chattanooga, though several commissioners said they were not happy with the deal and Commissioner Joe Graham said it "stinks." Commissioner Graham was the lone no vote. He was joined by Commissioner Tim Boyd in a failed effort to defer it a week. ... (click for more)

Pickle Ball? - And Response

Collegedale has done some wonderful things for its residents.  The Greenway is a perfect example of money well spent on helping to give her residents the opportunity to improve their lives, at least from a health standpoint. Having taught at Wolftever Creek for a decade plus, I was fortunate to have opportunity to take my classes on walks from time to time.  It provided ... (click for more)

Roy Exum: Say It Ain't So, Larry Joe!

Larry Joe Wheelon, the tainted horse trainer who was charged with 18 counts of aggravated animal cruelty when his barn was raided in April of 2013 and some animals were sored so badly that they could barely walk, finally went to a court hearing in Blount County on Wednesday and his steps toward Judge Tammy Harrington’s bench were decidedly heavy. My goodness, yours would have been ... (click for more)