Chattanooga News: Housing Costs Soar Out of Reach for All but Upper 25 Percent. Details Here.

Let's Talk Chattanooga Real Estate

In this episode of Let’s Talk Chattanooga Real Estate, Blake

Watson dives into a fascinating piece of history that feels strikingly familiar

today. Starting with a headline from 1977, "Housing Costs Soar Out of

Reach for All but Upper 25 Percent," Blake compares housing affordability

then and now, exploring:

Mortgage rates: 1977's 8.875% vs. today's 7%.

Household incomes: A 400% increase since 1977.

Housing prices: A dramatic 773% rise in the national median

home price over 47 years.

The ongoing gap between wage growth and housing costs.

Despite the challenges, Blake highlights the opportunities

that still exist for aspiring homeowners, thanks to programs like THDA, Georgia

Dream, USDA Rural Development, and FHA. With historical insights and practical

advice, this episode emphasizes the importance of planning and taking advantage

of available resources to achieve homeownership.

Get your free copy of Blake’s book, The Complete Guide to

Buying a Home. Contact him at [phone] to request your copy today.

Blake Watson is the show host, and Blake is a Realtor with

Epique Realty. If you’re interested in Chattanooga real estate or have

questions, reach out to him at [phone] or his brokerage phone [phone],

or visit www.athomechattanooga.com. You

can also find Blake on Facebook (Blake Watson), LinkedIn (Blake Watson), and

Instagram (@rocknrollblake).

If you enjoyed this episode, share it with a friend, follow

the podcast for more insights, and let’s make homeownership in Chattanooga a

reality together!