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 […]

Sit Down With Success: A Conversation with Matt Curtis of Matt Curtis Real Estate

The Sit Down With Success is a monthly series provided by the Huntsville Business Journal that focuses on successful small businesses in the Huntsville/Madison County area and their keys to success. For this month, the Huntsville Business Journal sat down with Matt Curtis of Matt Curtis Real Estate.  Cover image provided by Steve Babin of […]

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 […]

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, […]

City Council amends and reapproves $325M downtown development project

Finance and expensive developments were once again on the docket during the Huntsville City Council’s regularly scheduled meeting last Thursday. On November 9, the Council heard a cash investment update from Finance Director Penny Smith and approved amendments to the $325 million dollar mixed-use development on the site of the former Coca Cola bottling plant. […]

City of Huntsville seeks further input on Mill Creek Development with public meeting

HUNTSVILLE, AL – The City of Huntsville and the Huntsville Housing Authority are once again inviting the public to learn about the proposed redevelopment of Butler Terrace and Johnson Towers, referred to as the Mill Creek project. A neighborhood and resident meeting will be 6-7:30 p.m. Wednesday, Nov. 8, at the Boys & Girls Club, 125 […]

City unveils historic marker for Edmonton Heights

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 […]

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 […]

Huntsville Mayor in attendance for Hays Farm milestone

HUNTSVILLE, AL – Hays Farm helped cap off a beautiful fall in Huntsville with a milestone event for the development of South Huntsville. On Wednesday of last week, Hays Farm Homes celebrated the grand opening of their new model home with a ribbon-cutting ceremony. Mayor Tommy Battle, along with the three Hays brothers, Jeff, John, […]

Plans set in place for $50 M revitalization of Mill Creek neighborhood

A series of important public meetings held over the past week were led by the City of Huntsville to address the affordable housing need and important developments around Governors Drive in Huntsville. Through a series of three meetings, the City of Huntsville, in partnership with Urban Strategies, Inc., helped public information sessions that hoped to […]