Ellis Gardner: Consumer Guide - Buying Land & Building A New Home

Chattanooga's real estate market sees a notable increase in million-dollar home sales, with multiple transactions reported on May 29, 2025. The National Association of Realtors has published a consumer guide aimed at helping potential buyers understand the process of purchasing land and building new homes. This guide covers essential topics such as construction loans and the pros and cons of new builds, catering to diverse buyer needs. Recent sales include properties like a 4-bedroom home at 1615 Shady Circle sold for $1,040,000, showcasing the area's upscale market. Local real estate activity reflects a strong demand for high-value properties, indicating a thriving housing market.

The consumer guide serves as a critical tool for buyers and realtors alike, enhancing their understanding of the home-building process.