Richard's Real Estate Thoughts: Chattanooga Again - Forbes lists Chattanooga #3 for Affordable Housing

Chattanooga Again - Forbes lists Chattanooga #3 for Affordable Housing

Forbes found that Chattanooga tops the list of places in which a home is a great investment, now, in today's market. A town "where people make enough money to buy good houses, where taxes are low and where prices were expected to rise."

 

Chattanooga ranked 3rd nationally for more affordable to buy a home

 

 

Items reviewed in the survey:

  • percentage of the population who can afford a home at the local median price
  • average percentage of homeowners' income used for housing
  • expected home value rise or fall over the next three years

 

Chattanooga was in third nationally, and first in the Southern Region. 

The ranking in each category for Chattanooga:

Population: 512,327
Home Price Affordability Rank: 34
Home Price Forecast Rank: 9
Homeowner Cost Affordability Rank: 3

Each city in the survey was ranked by the average of all three criteria.

Congratulations also to Julia Odom of Select Realty Professionals for having one of her home photos chosen for the article. Julia has an active and informative blog on real estate in Chattanooga, and also a very good photo blog on Chattanooga, Chattanooga Exposed.

For those keeping score, here is a summary of some of the recent honors and recognition for the Scenic City. Please let me know if I have missed any.

Best bang for the buck
Top Arts Destinations
Next 50 Great Towns
Top 10 Outdoors Cities
Third best city to live in 2008
Top Natural Wonders
Top Retirement Choice

Congratulations to everyone who helps make Chattanooga a great town, and no longer a secret!

 


Thank you for visiting. This is the professional blog for

Richard Smith

Conventional, FHA, FHA 203k, HUD $100 down purchases, VA, Jumbo VA, Rural Development, Jumbo, FannieMae Homepath, Home Equity Line of Credit (HELOC).
Lending in Chattanooga, Tennessee and Georgia for over 20 years.

Churchill Mortgage Corporation
"The only mortgage company that is ever endorsed by Dave Ramsey."

Cell phone: 423-280-0345 Email: Richard@HomeLoansChattanooga.com

Visit my website: www.RichardSmithHomeLoans.com To start your approval Apply Here

Read my most recent articles in Scotsman Guide.
Search for properties:
www.HomeLoansChattanooga.com


Thank you for visiting. This is the professional blog for

Richard Smith
NMLS# 184479 TN# 40161 GA# 28928 

Conventional, FHA, FHA 203k, HUD $100 down purchases, VA, Jumbo VA, Rural Development, Jumbo, FannieMae Homepath, Home Equity Line of Credit (HELOC).
Lending in Chattanooga, Tennessee and Georgia for over 20 years.

Stearns Lending, Inc

Cell phone: 423-280-0345 Email: RSmith@Stearns.com

Visit my website to inquiry about a home loan.

Read my most recent articles in Scotsman Guide.

This blog represents the opinions of Richard Smith. The posts and comments written on the blog do not represent the opinions or positions of Stearns Lending, Inc. 

Comments

I like Chattanooga....have been there several times!  Great post....

Posted by Barbara Martino-Sliva, Vero Beach Real Estate, Homes for Sale (Dale Sorensen Real Estate Inc.) almost 2 years ago

Thanks for commenting. I agree with you about Chattanooga. Let me know next time you are here.

Posted by Richard Smith FHA VA Rural Development in TN GA almost 2 years ago

Chattanooga is the place to be - affordable housing is tough here - people who work here have a hard time qualifying for a loan - so many second home buyers can pay cash, it keeps the prices up, even in this market.

Posted by Virginia Hepp - Mesquite NV MLS - Sun City Mesquite - 55+ Buyer Representative (ERA - Mesquite NV Homes For Sale) almost 2 years ago

Virginia,

We call Chattanooga the Scenic City. I really love though to look at the scenes you always show in Nevada. Gorgeous.

Posted by Richard Smith FHA VA Rural Development in TN GA almost 2 years ago
Hahahhaa. I'm not too bright today. Great post!
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