Five Points represents re-urbanization and revitalization of Downtown Huntsville districts

Five Points has seen an upsurge in events, reinvestment in older homes, and commercial growth as a result of a wave of intense re-urbanization to the area.  The area has changed dramatically over the years, but economic and real estate investment in the area has never been higher, prompting interesting questions as to the appeal […]

Amesite announces strategic partnership with Drake State targeting workforce education

HUNTSVILLE, AL – Over the past few years, Drake State has accomplished a series of “firsts” for the City of Huntsville. Now they are adding a new one to the ever expanding list.  Amesite Inc. (NASDAQ: AMST), a leading artificial intelligence software company offering a cloud-based learning platform for business and education markets, announced a […]

Redstone Arsenal 2023: FBI’s explosive growth, NASA’s Artemis thrust, and the rise of a technological hub

In the heart of the Rocket City, the Redstone Arsenal stands as a symbol of innovation, collaboration, and national defense. This year’s Annual Update, hosted at the Von Braun Center, unfolded as a transformative chapter, marked by significant expansions, cutting-edge facilities, and a vision that extends beyond the horizon. Facilitated by the Huntsville/Madison County Chamber […]

Small businesses brace as Corporate Transparency Act showdown comes to a head in downtown Huntsville courts

In 2021, the Corporate Transparency Act (CTA) was introduced with the aim of bolstering transparency in entity structures and ownership to combat financial crimes.  However, as the January 1, 2024 effective date looms, businesses are scrambling to understand and comply with its provisions. Initially overlooked by accounting professionals, the Corporate Transparency Act, which will require […]

NAR says to expect 6% average for 2024 as mortgage rates decrease

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 […]

Alabama’s Holiday cyber crisis: How worried should shoppers be?

Cyber security has become a pressing concern for many states across the US, and Alabama is no exception. With an ever-evolving landscape of cyber threats, the state faces significant risks that can have detrimental effects on its economic well-being, but how serious are these risks?  A recent article published early in November from VPNPro.com aimed […]

Q3 Real Estate Economic Report Shows Inventory at Pre-Pandemic Levels

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, […]

State of the County Address tackles pains of population growth, outlines infrastructure plan

The Von Braun Center kicked off a busy holiday season this past Tuesday, November 07, while hosting the State of the County Address. Sponsored by the Huntsville Hospital Health System and the Huntsville/Madison County Chamber of Commerce, Chairman of the Madison County Commission, Mac McCutcheon, gave an address that tackled population growth, budgeting, and quality […]

New Executive Director poised to lead the South Huntsville Main Business Association into new era

Change has been a key word throughout South Huntsville. Changes to Memorial Parkway, to various key developments in the area, and to dining and retail options have brought a certain revitalization to the area. Alongside these new developments, the South Huntsville Main Business Association recently welcomed Madison Roberts as their new Executive Director with the […]

Local, national real estate markets buck under interest rates

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 […]