I have been continually surprised by own media, even our local media, trying to create an afternoon TV type drama out of our real estate market.  I've have caught our local media telling half truths, repeating rumors, and even publishing practically the same story several times to keep the drama going.  Finally, our local newspaper couldn't hide the truth anymore.  Disguised under a title about the changing real estate in Chattanooga was good news; Chattanooga's real estate market fairs better than most.  For the most part, homes in Chattanooga are holding their value.  Homes have flat lined for now and prices are not rising, but they seem to be holding their value.  Some areas where there has been a lot of new construction have lost more value than anywhere, particularly if your home is older and in an area that has much new construction.  The great news is that Chattanooga's local economy is doing very well with Volkswagen building a 1 billion dollar plant here, Alstom Power is doing a $280 million expansion of its plant, and they are building a $2.5 billion dollar reactor at Watts Bar Nuclear Plant.  Neighboring Cleveland TN is also close to landing a $1 Billion chemical company that would also make our local economy grow.  Things in Chattanooga are still good in Real Estate, and interest rates are incredibly low.  It is a great time to buy in Chattanooga, and your investment is safe.  

Nathan Walldorf  ABR, E-pro

Herman Walldorf & Co Realtors, Inc.

Chattanooga, TN

423-544-7700

http//www.NathanWalldorf.com

Mailto:NWalldorf@walldorf.com