It has been fairly well documented this year how rising interest rates have affected the housing markets in the Huntsville area compared to nationwide trends. However, what effect are these rates having on the commercial development side of the real estate sphere? To answer this question, the Huntsville Business Journal talked to local experts while […]
The real estate market has been buffeted by the twin perils of inflation and interest rates, with inventory issues further complicating matters. Last week, experts sounded the alarm on another disrupting factor for the continued future: the rising cost of home insurance in a world of climate change. At last week’s National Housing Conference’s affordable […]
Alabama Governor Kay Ivey announced that one-time tax rebates authorized in her 2023 budget are now on their way to 1.9 million Alabama tax filers. Since December 1, which was the start date authorized by law, officials have worked around-the-clock to process the one-time tax rebates. Governor Ivey tasked the Alabama Department of Revenue with […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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, […]
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