Chattanooga Ranks No.3 in Nations Most Affordable Cities to Buy a Home!

According to a recent article by Forbes.com Chattanooga comes in at number 3 for Homeowner cost affordability.

What does this mean?

The studies looked at three metrics.

1-The percentage of the population who can afford a home at the local median price.
2- The average percentage of homeowners’ income that goes toward expenses like property taxes, mortgage payments and insurance.
3-How much home prices were expected to rise or fall over the next three years.

To read more and see the breakdown of the top 10 follow this link:

http://www.forbes.com/2010/06/23/most-affordable-cities-homes-lifestyle-real-estate-housing.html

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