Posts from April 5th, 2010

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Area home sales forecast looks bright for 2010 - Chattanooga Times Free Press

April 5th, 2010 by Anonymous

Sunday, March 28, 2010

By: Tamara Best tbest@timesfreepress.com

Local Realtors say this year looks promising for the Chattanooga housing market with prices for homes starting to rise.

"There's no doubt that we've seen the worst of it," said Jay Bell, owner and agent of Bell Development. "It's not just my hunch. The evidence is there."

Mr. Bell said one of the most significant changes since the housing meltdown of 2009 has been the overall attitude of buyers.

"A year ago, a lot of the offers that we were getting weren't real offers; they were people who were shopping for distressed properties or looking to get a deal that was unrealistic," he said. "Now we are seeing people in the market who are genuine buyers."

Harold Crye, co-founder of Crye-Leike Realtors, said despite improvements, a reduction in the number of foreclosures and...

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Categories: Crye-Leike in the News