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The real estate market in Chattanooga has changed a bit over this last year. We’ve gone from historically low interest rates and houses selling within hours back to what was considered a “normal” market. With interest rates around 6%-7%, getting approved to purchase a home has become a little more expensive which can make it harder for a first time home buyer. One of the best ways for a first time home buyer and even an investor is buying a home that needs updates. Buying a fixer-upper can be a great way to get into the real estate market and potentially build equity while customizing your home to your preferences. However, it's essential to approach this type of investment with mindfulness and a well-thought-out plan. We’ve put together a plan to…

It’s crazy to think we are already half way through 2023! While the real estate market has been ever changing, it has still been a busy year so far. The most common question people ask is– how’s the market going? So let’s talk about how the first half of 2023 has been.

How is the current market?

It is still a seller’s market. WAIT! Don’t leave! It may still be a seller’s market, but it is not the same type of seller’s market that we saw in 2020, 2021, and 2022. Interest rates, inventory, days on market all look very different from this time last year. So what does that mean?

Interest rates are higher than they have been in the previous years. A significant amount of people either bought or refinanced within the last few years to take…

As 2022 comes to an end, so does this historical time in real estate. As the market shifts, it’s important to talk about where we have been, where the market is headed, and what that looks like for you. There is a good chance you’ve seen something come across your TV, phone, or computer screen that can make you feel a little nervous about what is to come. Let’s break it down into facts and see what it actually means for you.

Where we have been

Even if you were not interested in buying or selling real estate over the past few years, you might have seen segments on the news, read an article, laughed at jokes on the internet, or screamed in frustration over the real estate market. To sum it all up, the market was crazy! We were in an incredibly…