The Rocket City appears to be starting off 2023 on the same note that it ended on in 2022. The city, which was already singled out as one of the best places to live, is also predicted to be in the top five of the country’s most prosperous cities in 2023. This prediction comes from […]
New mortgage financing policies from Fannie Mae and Freddie Mac are poised to shake up the housing market for 2023. Loan Level Price Adjustments (LLPAs) are determined by a number of factors, most prominently the borrower’s credit score and debt-to-income ratio (DTI), among others. The new policies concerning LLPAs will reduce the cost incurred for […]
Innovate Alabama opened applications for the second round of the Innovate Alabama Supplemental Grant Program on Tuesday, Jan. 17. Alabama-based recipients of Phase I and Phase II Federal Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) grants are eligible to apply for up to $250,000 in supplemental funding. The program supports Alabama […]
One topic that is unlikely to spring to mind when discussing the local economy is the role of community arts and arts-based education. However, this segment of the market not only provides joy and entertainment to many people of the city, but also brings in dollars, which help to stimulate the local economy. Huntsville is […]
The Huntsville Area Association of Realtors (HAAR) has released its monthly figures for December of 2022. The report caps off a year defined by the rapid deceleration of the market via inflation and interest rate hikes. Nationally, pending sales have dropped by 37.8% from December of 2021, as reported by the National Association of Realtors […]
The Women’s Foundation of Alabama, the state’s only philanthropic organization focused on the economic advancement of women, announced the growth of its leadership by appointing LaShundra Pinkard as Chief Operating Officer. A key member of the executive management team, Pinkard will partner with the CEO to lead forward-thinking operational strategy and optimize performance across the […]
Building off the tremendous success of the first program, Launch2035 is thrilled to announce the second annual Singing River Trail Launch Tank. Applicants with big ideas, community solutions, and emerging business endeavors may apply online now. The finale event, which is open to the public, will take place on March 20, 2023 at Athens State […]
The big news in the real estate market this week has been the slight uptick in the average rate of a 30-year fixed rate mortgage. According to Freddie Mac, the mortgage rates had been steadily declining for five weeks prior to the week ending December 29, 2022. This led to a drop of three-fourths of […]
2022 was a year marked with a sharp, shocking rise in inflation and then interest rates, which reverberated throughout the real estate market. Despite these events, and the subsequent slowdown of the housing market, the prognosis for Huntsville’s real estate market for 2023 is surprisingly positive. As reported earlier this month, the National Association of […]
The American workforce has changed dramatically in the past 50 years, though for many, wages have remained the same or even shrunk. Union participation has declined steeply alongside a decrease in employee benefits and retirement packages. The educational requirements for many jobs have increased, while other segments of the market have disappeared entirely, like video […]
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