Business Briefs: Home sales dip in month

Business Briefs: Home sales dip in month

November 22nd, 2013 by Associated Press and Staff Report in Business Around the Region

Home sales tile

Home sales dip in month

Home sales through the Greater Chattanoga Association of Realtors fell by 2.3 percent last month, but new property listing were up 15.2 percent. Local Realtors sold 564 residential properties during October at a median sales price of $137,500.

"The economy continues to snail forward," said GCAR President Mark Blazek. "The government shutdown had a modest impact on borrowing - mostly centered on USDA and VA borrowers. Consumer confidence is central to ongoing recovery, and confidence was hindered by the shutdown."

Habitat wins energy award

Habitat for Humanity of Greater Chattanooga is one of the first Habitat chapters in the Southeast to earn the Energy Star 3.0 Certification from the U.S. Environmental Protection Agency for building homes with the water and building waste reduction methods.

"We are truly committed to building sustainable and energy efficient homes for working families in the Chattanooga area," said David Butler, executive director of Habitat in Chattanoooga. for Humanity of Greater Chattanooga. "This certification demonstrates our ongoing commitment to ensure that Habitat homes are not only affordable for families to purchase but also affordable to maintain."