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Tennessee Real Estate

Chattanooga Real Estate

Chattanooga Real Estate

Chattanooga is one of the five largest cities within the state of Tennessee; unlike the other cities in Tennessee, Chattanooga’s economy is a mixture of services companies and manufacturing industries. Many of the other cities have long since gotten rid of their manufacturing companies, and have turned completely service-commercial. 
The services that can be found in Chattanooga are cell phone companies, bakeries, food facilities, transportation, financial companies and various others. As for manufacturing, they have manufacturing and distribution of Altoid mints, soda productions, distribution of petroleum product through Colonial Pipeline, and various other companies.
Chattanooga is also home to the University of Chattanooga, which brings in the aspect of students and staffing requirements. This brings us to the Chattanooga real estate field; real estate in Chattanooga is a tough area right now, but it is that way throughout the United States, because of the tightened economy. There are numerous houses on the market, but not enough credit to lend, to help many people purchase houses. 
However, fair portion of the current Chattanooga real estate has been under foreclosure; these houses are significantly cheaper in pricing. A good amount of the Chattanooga real estate that is on the market consists of single-family houses. The prices of the foreclosed houses have been anywhere in between $50,000 to $100,000.  When it comes to Chattanooga real estate, the asking price has been around $228,000.  However, even though there is wide price bracket of houses, which can go high into the hundred thousands, the median sales for Chattanooga real estate are only a little over $100,000.

Knoxville Real Estate

Knoxville Real Estate

Knoxville, Tennessee is the third largest city within the Tennessee; the source of economy for Knoxville is the companies and service industries that are within the city. Companies like HGTV, AC Entertainment, Pilot Corporation, various brand telephone companies, and other corporations have businesses here. Furthermore, Knoxville, Tennessee is also home to several colleges and technology institutes for higher education. Because of this the Knoxville Tennessee real estate market is geared towards various categories of renters and homeowners.
The Knoxville Tennessee real estate market has to hit selling points for single family housing, student housing, and commuter housing. For the college students or the working-commuters who do not want to purchase houses, the option is often to go with an apartment. There are many apartment complexes around Knoxville that boast a style of country living, while still providing convenience of easy and short commutes to school or work. These apartments go for anywhere in between $500 to $900 a month.
Knoxville Tennessee real estate geared more towards families also has a range of options. There have numerous houses that have been foreclosed on, and because of this, the housing price range has dropped significantly. Some houses are going for as little as $23,000, while other foreclosures are sitting around $90,000 to $100,000. However, the average listing prices of Knoxville Tennessee Real Estate is around $255,000 for a 3 bedroom, 2 bathroom standard houses in the suburbs. But the median selling prices has been around $140,000.

The Best of Tennessee Real Estate

The Best of Tennessee Real Estate

Tennessee real estate has come under some hard times because of the challenges faced by today’s economy. In Tennessee, some of the largest cities are suffering from a serious deficit in the housing economy, areas like Memphis, Nashville, and Knoxville.
Tennessee Real Estate
Tennessee real estate boasts beautiful, southern scenery, large, open space, and the rustic feel of older cabins settled out in the woods. But there is also the aspect of new developments, city life, and all around diversity that makes Tennessee an appealing location to live.
Memphis Real Estate
 
Memphis, one of the largest cities in Tennessee has seen a decrease in the average of housing sales lately. Houses that were going for hundreds of thousands of dollars are now foreclosed and selling for less than $100,000. Significant suburban areas that now have vacancies around every corner.

Nashville Tennessee Real Estate
 
Nashville, the capital city of Tennessee is one of the most prosperous and famous areas in the south. It is a location known for entertainment and industry. Within the city lie businesses, schools, and opportunities at every corner. On the outskirts are many houses in which commuters live, to get away from the stress of the city once the work day is over. However, now the housing market in Nashville has seen a dramatic turn, and housing is not selling like it used to.  
East Tennessee Real Estate
 
The general area of East Tennessee is a more laid-back and country area of the state. This is where the city no longer holds jurisdiction, and country living is the main way of life. However, in this smaller area of the state, the real estate market has seen devastation, because houses are now being foreclosed on more frequently and the average housing prices have decreased in value significantly.   
Knoxville Tennessee Real Estate
Knoxville is another one of the larger cities of Tennessee, and follows the same formula of economic status and housing situation. It is a city in which the economy is based off of services and businesses. And the housing market is centered mainly on the neighborhoods of the suburban area, because of commuter access and country charm.
Chattanooga Tennessee Real Estate
 
Chattanooga ranks within the top 5 largest cities within Tennessee; once a primary manufacturing economy, Chattanooga has now progressed into more of a service industry, with smaller manufacturing endeavors mixed in. Housing in this region of Tennessee has taken a significant downturn because of the number of houses which have been foreclosed on.

Memphis Real Estate

Memphis Real Estate

Memphis is the largest city in the state of Tennessee; the economy of Memphis is based, largely, on the shipping and transportation industry, because of it’s convenient access through highways and railways. Though it is a city, like many other city regions, the outskirts are made up of suburban area. This is essential for the basic commuter class of workers. 
In Memphis real estate, one of the selling points of houses in the suburban outskirts is that it provides close commuter options, yet it is far enough away from the city that the hustle and bustle of the work day can be left in the city, when they are on their way home.
On the Memphis property market today, there are a great deal of houses that have been foreclosed on. When houses are foreclosed on, they are often put on the market for substantially lower prices than other houses. These changes the market, lowering the price ranges of housing and creating a lower median. On the scale of Memphis real estate foreclosures, the lowest bracket of housing centers around $30,000. 
Even Memphis property that has not been foreclosed on has still dramatically decreased in prices. Single family houses in the suburbs are on the market for $150,000 to $277,000.  According to recent statistics, the average listing price for Memphis real estate for sale is around $177,000. The median price in which Memphis property is being sold is around $79,000.