Real Estate Update: Local Inventory Increase Mirrors National Trend

Inventory of residential real estate units continues to climb from its nadir of last year, both nationally and here in Huntsville.  Reporting from the University of Alabama’s Center for Real Estate tracks real estate inventory listed for sale in the Huntsville area dating back to October 2012. From a peak of 3,192 in October of […]

Mayor Battle Highlights Growing Path Forward in “State of the City” Address

The excitement in the air was evident at Mayor Tommy Battle’s “State of the City” address on Tuesday. Around 1,400 community and business leaders filled the Von Braun Center (the most ever for a chamber event according to Battle) to hear what the mayor had to say and to celebrate many of Huntsville’s latest achievements.  […]

Real Estate Update: Home Ownership Up Despite Inflation

According to Federal Reserve Economic Data (FRED), the national rate of homeownership across the United States saw a slight uptick in Q3 2022. The percentage of owner-occupied homes rose 0.6 points relative to Q3 2021, to a total of 66%. This increase occurred despite the inflation and mortgage rate shocks that jolted the market this […]

City Council Passes Police, Fire Incentives; HPD Chief Vote Delayed

HUNTSVILLE, AL – With applications for positions with the police and fire departments dropping, the Huntsville City Council approved an ordinance to raise the minimum hiring rate of cadet pay upon completion of training and to step–raise those already employed. The measure passed at the council’s regular meeting Thursday, Nov. 17. In addition to a […]

Real Estate Update: October Statistics Released

The Huntsville Area Association of Realtors (HAAR) has released their monthly statistics for the month of October, 2022.  At a total of 630 residential units sold in Madison County, down from 825 in October the previous year, the slowdown is shown in stark relief. Houses stay on the market for an average of 14 days, […]

Understanding Key Differences in Banks vs Credit Unions

As a business owner, it’s imperative to have a financial account to manage your business-related income and expenses that is separate from your personal account. Some business owners choose the same institution where they manage their personal finances, but it’s important to explore all options and this includes the various Huntsville city credit unions.  Before […]

Para-cycling Returning to City with Larger Event

HUNTSVILLE, AL – After a successful two-year run hosting a Paralympic Games qualifier in 2020 and 2021, para-cycling is returning to the Rocket City next year. This time, though, the stakes are higher. More than 300 athletes from 30-40 countries will be here Memorial Day Weekend May 26-29 for the Para-cycling Road World Cup. The […]

41% of Households in Alabama Can’t Afford Utility Bills Amid Inflation

In a recent study done by LendingTree, the statistics firm found that 41.4% of households in Alabama say they have reduced or skipped necessities like food or medicine in order to afford their energy bill.  While gas prices have made headlines with high inflation and more and more commuters getting back on the road, consumers […]

US Department of Labor Announces Nationwide Apprenticeship Expansion

WASHINGTON D.C. – As the nation marks National Apprenticeship Week, the U.S. Department of Labor announced an initiative to expand its pre-apprenticeship opportunities for Job Corps students and connect them to Registered Apprenticeship programs. The effort will allow Job Corps campuses throughout the nation to emphasize pre-apprenticeship programs in green energy, health care, information technology and other […]

Real Estate Update: Madison County Weekly Stats for October 29, 2022

The numbers are in for Madison County’s residential real estate market, for the week ending October 29, 2022.  Much of the new inventory on the market is in townhouses and condos, which are typically more affordable than single-family units. In the month of September of this year, townhouse/condo units sold for, on average, $243K, compared […]