The Chattanooga area housing market is booming. Homes are getting multiple offers and selling in just days of being listed. There are hardly enough homes in inventory for the amount of people looking to buy.
So … when will the bubble burst? Are we looking at another housing crisis on the horizon?
With the demand for homes only going up in this bustling market, we’re looking at the possibility of housing prices raising to the point that buyers won’t be able to afford them. Although we aren’t there yet, with home prices trending upwards, we have to look back and consider what that meant historically in the real estate market.
In the past, when home prices have gone up at this rate, it kept many potential buyers—from young newlyweds looking for…
