The June Mortgage Monitor Report released by the Intercontinental Exchange (ICE) shows that many of the Southern real estate markets, which saw a boom during the Covid-19 Pandemic, have begun to bust as the pace of buying has slowed and surplus inventory reaches or even exceeds pre-pandemic levels. Austin, Texas, for example, saw a 0.25% […]
MartinFederal Consulting, LLC (MartinFed) has recently secured a Blanket Purchasing Agreement (BPA) under the FBI’s IT Supplies and Support Services 2nd Generation (ITSSS-2) contract. This contract, with an estimated ceiling of $8 billion, will facilitate the provision of contractor expertise to FBI programs over the next eight years, extending its benefits to the FBI and […]
The Alabama Association of Realtors released its Alabama Economic and Real Estate Report for the month of May 2024. The report shows that home sales across the state have increased for the fourth month in a row, with 5,209 home sales for the month of May. However, this is still down 19.3% from May of […]
The Federal Reserve has opted to keep the Federal funds rate within the current range of 5.25 to 5.5%. Inflation has stubbornly remained above the 2% annual rate that the Federal Reserve set as its target level. Interest rates were at 3.3% for the month of May, remaining virtually unchanged from April, when it stood […]
The Huntsville Area Association of Realtors (HAAR) has released their monthly report for the month of April. This report shows heightened market activity across the ValleyMLS region, which covers the North Alabama counties of Madison, Morgan, Lawrence, Limestone, DeKalb, Etowah, Cherokee, Jackson, and Marshall. The most dramatic figures from the report centered around new listings, […]
The National Association of Realtors (NAR) has announced that rule changes to Realtor-affiliated Multiple Listing Service (MLS) are to be implemented by August 17. These rule changes are a part of a $418 million settlement, the final hearing of which is slated for November. The NAR also updated its extensive FAQ page, in order to […]
The Huntsville Area Association of Realtors (HAAR) has released its monthly report for March 2024. The total number of homes sold in Huntsville/Madison County declined from the previous year, down to 536 from 651 in March 2023. Madison County saw 1107 pending sales in March, which is up from 1049 the previous year. At the […]
The Alabama Association of Realtors (AAR) released its Economic and Real Estate Report for February of 2024. Home sales across the state numbered 4,710 for the month of February. This not only marks a 0.5% increase from January, but it also bucks the historical trend of housing sales lagging in February. An increase in sales […]
The Huntsville Area Association of Realtors (HAAR) has released its report for the month of February 2024. The Huntsville/Madison County market saw 545 houses sold in February, which is up from 378 sold in January, and 452 sold in February of 2023. There were 994 pending sales listed in February 2024, up from 919 in […]
The way people buy and sell real estate in America has changed dramatically, as the National Association of Realtors (NAR), has reached a legal settlement that will, among other things, end the “even-split 6% commission model.” Additionally, the agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, […]
