Housing and Real Estate statistics taken from the end of December 2023 indicate that the phenomenon of would-be buyers holding off until mortgage rates decline – an effect known as “lock-in” by the industry – has begun to weaken. This suggests that 2024 could see a turnaround from the sluggish pace seen since the twin […]
The Huntsville Area Association of Realtors (HAAR) has released their monthly report for November of 2023. The amount of inventory available in the Huntsville/Madison County Market has continued to grow, with a total of 1856 units available, up from 1631 in November 2022. However, the average sales price has continued to rise, up to $375k […]
The average 30-year fixed mortgage rate continued to decrease this week, with the current average at time of printing down from 7.61% to 7.41%. As a result, demand for mortgages have begun creeping back upwards, with applications nationwide up 2% over the week. However, this still represents a 20% decrease from the same time last […]
The Huntsville Area Association of Realtors (HAAR), in partnership with the UAH College of Business, has released its Q3 Economic Report for 2023, which covers the Huntsville-Madison County real estate market. Of the statistics compiled by the Report, one of the most significant is the housing inventory. Inventory has risen 20% compared to Q3 2022, […]
Residents of North Huntsville’s historic Edmonton Heights neighborhood gathered together with historians and city officials to unveil a new historic marker at the corner of Meridian Street and Wilkenson Drive. The U.S. National Register of Historic Places listed the neighborhood in 2021, the first historically-Black neighborhood in Huntsville to be so distinguished. The neighborhood, first […]
HUNTSVILLE, AL – Huntsville’s own Harrison Brothers Hardware Store and the Historic Huntsville Museum have been designated by the National Park Service as part of the Reconstruction Era National Historic Network. The brick building in which the historic store resides was constructed by father-son architectural team Henderson and Daniel Brandon. After Emancipation, Henderson, who had […]
Housing affordability continues to be a major concern across the United States. ATTOM Data Solution’s Q3 2023 US Home Affordability Report shows that median single-family and condo unit prices in Q3 were less affordable than historic averages in 99% of counties nationwide. Moreover, with interest rates hovering around 8%, ‘major home expenses’ now take up […]
Alumni of Huntsville’s first public school for African-American students were joined by Mayor Tommy Battle and City Council-members Devyn Keith and John Meredith for an unveiling of four bronze statues at William Hooper Councill Memorial Park. “Today is an opportunity to look back, constructively, at the challenges that our community overcame, and the good that […]
The Huntsville Area Association of Realtors (HAAR) has released statistics for the Huntsville/Madison County market that shows that our local real estate market is defying national trends in terms of pending sales. Nationally, pending sales have been dropping. According to the National Association of Realtors (NAR), pending home sales have declined by an average of […]
Housing affordability still remains a top concern, both here in Huntsville and across the nation as a whole. The Huntsville Area Association of Realtors (HAAR) report for the month of August showed a slight increase in the average sales price of a single-family home in the area, up 1.1% to $370,000. While this figure is […]
