Chattanooga Real Estate

June 27th, 2008

So You Think You Can Dance…around this Market?

Posted by Barry Evans in Chattanooga TN Real Estate

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.

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