A March 2008 article in USA Today says Buyers "Get a Lot of House for Their Money" in Chattanooga. This was even before Volkswagen committed to build a new assembly plant in our scenic city.
Chattanooga, Tennessee is a great place to work and live. If you are considering our town as possibly your next home, read the USA Today article and check out my previous blog entry of August 14 titled "Chattanooga a "Not So" Well Kept Secret" which links to many accolades from other major magazines. This will be a fun and informative research activity. Then come visit...
We have everything you want from recreation to arts to a growing job market.
© 2008 EUpwardRealty.com
Friday, August 22, 2008
Thursday, August 14, 2008
Chattanooga a "Not So" Well Kept Secret
Chattanooga, Tennessee is garnering all kinds of accolades from the outside world. National magazines are putting us at the top of the "Best of the Best" lists. Here are few articles that you might find interesting.
The September issue of National Geographic's Adventure magazine lists Chattanooga as one of The 50 Next Great Adventure Towns: Where to Live & Play Now . Check out this article.
Forbes Magazine recognized us in their April 7, 2008 magazine as one of the Great Places for Business.
In June of this year MSN Money called Chattanooga a "New Hot Retirement Spot."
Relocate America named Chattanooga as the third best place to live in the U.S. just behind Charlotte, NC and San Antonio, TX.
The Chattanooga Area Chamber of Commerce and all of our citizens have a lot to be proud about. We are proud of our town - now it seems the rest of the world is finding out about the place we call home.
There are a number of links in this blog entry - please take a few minutes and become more familiar with the Scenic City of the South. In the top right hand corner of this blog you will find more links to Greater Chattanooga Area information.
© 2008 UpwardRealty.com
The September issue of National Geographic's Adventure magazine lists Chattanooga as one of The 50 Next Great Adventure Towns: Where to Live & Play Now . Check out this article.
Forbes Magazine recognized us in their April 7, 2008 magazine as one of the Great Places for Business.
In June of this year MSN Money called Chattanooga a "New Hot Retirement Spot."
Relocate America named Chattanooga as the third best place to live in the U.S. just behind Charlotte, NC and San Antonio, TX.
The Chattanooga Area Chamber of Commerce and all of our citizens have a lot to be proud about. We are proud of our town - now it seems the rest of the world is finding out about the place we call home.
There are a number of links in this blog entry - please take a few minutes and become more familiar with the Scenic City of the South. In the top right hand corner of this blog you will find more links to Greater Chattanooga Area information.
© 2008 UpwardRealty.com
Tuesday, August 12, 2008
Housing and Economic Recovery Act of 2008
In late July, President Bush signed the Housing and Economic Recovery Act of 2008, also know as H.R. 3221. But what was included in this new bill? I will try to give you a brief overview in this blog entry.
First, the bill permanently increased the maximum conforming loan limits to $625,500. This raises FHA, Freddie Mac, and Fannie Mae limits. FHA limits are now the higher of $271,050 or 115% of an area's median home price up to the new $625,500 limit. For Fannie and Freddie, the new max is the higher of $417,000 or 115% of the area's median price to $625,500. These are the new pemanent figures. (You may remember that in February there was a temporary increase to a max of $729,750 and that amount is still the upper limit until December 31, 2008.)
The new legislation allows about 400,000 homeowners facing foreclosure to refinance with a new FHA backed loan.
Another super feature that should help in the recovery of the home sales market is the First-time home buyer tax credit. which allows first-time home buyers to receive a tax refund for up to 10 percent of a home’s purchase price, the maximum credit is $7,500. The refund serves as an interest-free loan and the homeowner is required to repay it in equal installments over 15 years. You can discuss this program with your tax adviser to see if it is good for you. Remember, this is for the first time homebuyer.
There are a lot of detailed features in this housing bill - if I just did a list of bullet items, there would be 10+ bullets to follow below. I think I would probably lose 90% of the audience...
The good news is that this should help the real estate market in the recovery process and that should boost the entire economy. If the economy begins to recover, the current low prices will begin to rise as demand increases for the current supply. NOW is the time to start looking for your new home, before everyone else jumps in and starts bidding up the prices again.
Check out my company web site to find a full-service Realtor that can help you find your next home... we are very good at selling homes, too.
© 2008 UpwardRealty.com
First, the bill permanently increased the maximum conforming loan limits to $625,500. This raises FHA, Freddie Mac, and Fannie Mae limits. FHA limits are now the higher of $271,050 or 115% of an area's median home price up to the new $625,500 limit. For Fannie and Freddie, the new max is the higher of $417,000 or 115% of the area's median price to $625,500. These are the new pemanent figures. (You may remember that in February there was a temporary increase to a max of $729,750 and that amount is still the upper limit until December 31, 2008.)
The new legislation allows about 400,000 homeowners facing foreclosure to refinance with a new FHA backed loan.
Another super feature that should help in the recovery of the home sales market is the First-time home buyer tax credit. which allows first-time home buyers to receive a tax refund for up to 10 percent of a home’s purchase price, the maximum credit is $7,500. The refund serves as an interest-free loan and the homeowner is required to repay it in equal installments over 15 years. You can discuss this program with your tax adviser to see if it is good for you. Remember, this is for the first time homebuyer.
There are a lot of detailed features in this housing bill - if I just did a list of bullet items, there would be 10+ bullets to follow below. I think I would probably lose 90% of the audience...
The good news is that this should help the real estate market in the recovery process and that should boost the entire economy. If the economy begins to recover, the current low prices will begin to rise as demand increases for the current supply. NOW is the time to start looking for your new home, before everyone else jumps in and starts bidding up the prices again.
Check out my company web site to find a full-service Realtor that can help you find your next home... we are very good at selling homes, too.
© 2008 UpwardRealty.com
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