So You Think You Can Dance…around this Market?
We are seeing a lot of inventory build up here in Chattanooga. We are also seeing sellers respond quickly to the new numbers with price adjustments. This all makes for a great buyers market as an apology for the run away inflation of prices in the recent past. Combined with the low low interest rates, It certainly makes a compelling argument for a purchase now as opposed to trying to guess when we are at a bottom. There has not been that much inflation in Chattanoogas housing market to correct, although there are a few exceptions. So if you’re trying to dance with this market you better pick a partner quick. If the market starts to improve so will prices for sellerst. If interest rates rise your long term costs will too.