{"id":209,"date":"2024-04-30T18:08:16","date_gmt":"2024-04-30T18:08:16","guid":{"rendered":"https:\/\/blogarchive.utc.edu\/crer\/?p=209"},"modified":"2024-05-07T01:57:25","modified_gmt":"2024-05-07T01:57:25","slug":"4-18-2024-chattanooga-home-costs-rise-faster-than-us-but-remain-below-national-average","status":"publish","type":"post","link":"https:\/\/blogarchive.utc.edu\/crer\/2024\/04\/30\/4-18-2024-chattanooga-home-costs-rise-faster-than-us-but-remain-below-national-average\/","title":{"rendered":"4\/18\/2024: Local Home Costs Rise But Are Below National Average"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"996\" height=\"557\" src=\"https:\/\/blogarchive.utc.edu\/crer\/files\/2024\/04\/Screenshot-2024-04-30-140232.png\" alt=\"\" class=\"wp-image-210\" style=\"width:398px;height:auto\" srcset=\"https:\/\/blogarchive.utc.edu\/crer\/files\/2024\/04\/Screenshot-2024-04-30-140232.png 996w, https:\/\/blogarchive.utc.edu\/crer\/files\/2024\/04\/Screenshot-2024-04-30-140232-768x429.png 768w, https:\/\/blogarchive.utc.edu\/crer\/files\/2024\/04\/Screenshot-2024-04-30-140232-580x324.png 580w, https:\/\/blogarchive.utc.edu\/crer\/files\/2024\/04\/Screenshot-2024-04-30-140232-610x341.png 610w\" sizes=\"auto, (max-width: 996px) 100vw, 996px\" \/><\/figure><\/div>\n\n\n<p>Article in the Chattanooga Times Free Press featuring CRER Research Scholar Bento Lobo: &#8220;Higher prices and mortgage rates have made buying a home less affordable for many Chattanoogans, and unfortunately, many markets have not built enough houses to keep up with demand in recent years,&#8221; said Bento Lobo, a professor of finance and head of the economics department at the University of Tennessee at Chattanooga, said in a phone interview. &#8220;Over time, mortgage rates are likely to decline again, however, and home affordability should get somewhat better, although we probably won&#8217;t get back to the low rates we saw during the pandemic.&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.timesfreepress.com\/news\/2024\/apr\/18\/chattanooga-home-costs-rise-faster-than-us-but\/\">Read the article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article in the Chattanooga Times Free Press featuring CRER Research Scholar Bento Lobo: &#8220;Higher prices and mortgage rates have made buying a home less affordable for many Chattanoogans, and unfortunately, many markets have not built enough houses to keep up with demand in recent years,&#8221; said Bento Lobo, a professor of finance and head of&hellip; <\/p>\n<p class=\"more-link-wrap\"><span><a class=\"more-link button text\" href=\"https:\/\/blogarchive.utc.edu\/crer\/2024\/04\/30\/4-18-2024-chattanooga-home-costs-rise-faster-than-us-but-remain-below-national-average\/\"><span>Continue Reading <\/span><\/a><\/span><\/p>\n","protected":false},"author":2009,"featured_media":210,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-209","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-media","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - 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