Chattanooga Area

Congress has extended the homebuyer credit which will now qualify not only first time homebuyers (defined as a buyer who has not owned a home in the past 3 years) but also a homebuyer who has owned and lived in the same house at least 5 years. Here are the parameters: First-time homebuyer Is eligible » Read more  

Bolstered by affordable interest rates and low prices, nationwide housing affordability during the second quarter of 2009 continued to hover near its highest level since the series began 18 years ago, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. The HOI showed that 72.3 percent of all new and existing homes » Read more  

Many more reverse mortgages are being placed this year vs last year due to seniors’ depleted assets by market losses. Tapping into a senior’s home equity can be a safety net but could also be risky for someone not informed. If one is 62 and has a significant equity, the reverse mortgage can turn that » Read more  

QUESTION: I have seen four different definitions of a PUD in four different publications. I have title attorneys and real estate attorneys arguing over what is and what is not a PUD and whether this form needs to completed. What is exactly is the definition of a PUD? What if the seller does not know » Read more  

According to the National Association of Realtors, Chattanooga area homes have seen less than a third of the national sales price decline in home value as compared with the rest of the country. The median price of existing single family homes sold by Realtor – assisted transactions for the first quarter of 2009 dropped by » Read more