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Chattanooga house prices one-third below U.S. average

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(Times Free Press) -- For the second time in four years, Bill and Dawn Skowronnek are looking to buy a house on Signal Mountain — even though Bill's job is now in Atlanta.

The Chicago natives, who came to Chattanooga four years ago after living in California and Oregon, moved to an Atlanta suburb a couple of years ago but soon missed their former home and friends on Signal Mountain.

"We had moved to Atlanta, but after being there about a year, we decided to move back up to Signal Mountain because we missed the area so much," said Bill Skowronnek, who still commutes to his insurance manger job in Atlanta while his family lives in a rented house on Signal Mountain. "This is just great a place to live so we're looking to buy again on Signal Mountain."

With mortgage rates hovering near historic lows and home prices in most markets still below their levels before the recession, the Skowronneks and other home buyers are poised to buy into what Realtors say is still a favorable market for buyers.

Read more from our news partners at the Chattanooga Times Free Press.

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