Real Estate Update: Sales continue to rise despite drop in new listings

The Huntsville Area Association of Realtors (HAAR) has compiled its report for the Huntsville/Madison County real estate market, dated to the last week of July.  New listings for single-family units decreased by 17.4%, even as inventory increased 14.2% for that same period. With sales continuing their modest rise – a 0.4% increase in this instance […]

Sit Down With Success: A Conversation with the Van Valkenburghs

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 Richard and Nancy Van Valkenburgh of Van Valkenburgh & Wilkinson Properties, Inc. If you’ve […]

Real Estate Update: NAR Declares Housing Recession Over

Real estate reports for the month of June have been released, and the expert prognosis is that the worst is behind us.  “The recovery has not taken place, but the housing recession is over,” announced Lawrence Yun, the Chief Economist of the National Association of Realtors. “The presence of multiple offers implies that housing demand […]

Interest Rates Unlikely To Return To 3% Anytime Soon

Current homeowners hoping to sell, who are holding back in the hopes of soon re-entering the housing market with the sort of super-low interest rates seen during the pandemic are likely to be disappointed, according to the National Association of Realtors.  “One can never truly predict the future, but I don’t see mortgage rates returning […]

Huntsville Area Association of REALTORS® Announces New CEO

Huntsville Area Association of REALTORS® (HAAR) & ValleyMLS.com announced the appointment of Kurtis Krueger as the organization’s new CEO.  With a wealth of experience in operations and diverse business environments, including real estate, Krueger brings a unique skill set and expertise to lead the association into its next phase of growth and success. His appointment […]

Housing Price Increase Slows Nationwide, Banks Losing Money on Mortgages

The rate of increase for the national median price of a home has slowed to a rate that hasn’t been seen since 2016. According to Realtor.com, the month-to-month median rose 2.56% in May, an increase of 0.9% relative to May of 2021.  Here in Madison County, the median sale price continued to slide under the […]

United Real Estate Announces Second North Alabama Expansion

United Real Estate has made another move to solidify their foothold in the growing Huntsville Metro becoming a top three brokerage in the area in the process. On Tuesday it was announced that United’s Leading Edge Real Estate Group and Revolved Realty have merged operations.  Leading Edge was the first local real estate operation that […]

HAAR Releases May Monthly Report

The Huntsville Area Association of Realtors (HAAR) has released their monthly report on the state of the local residential real estate market, analyzing sales in Huntsville-Madison County for the month of May.  Homes continued the trend of staying on the market much longer than the previous year, with homes spending an average of 34 days […]

Real Estate Update Special Edition: Advice for Prospective Homeowners

For National Homeownership Month held in June, the Huntsville Business Journal asked the Huntsville Area Association of Realtors (HAAR) about what would-be homeowners can do to navigate the current market conditions, and make the best financial decisions for their households.  But before getting into those tips, HAAR President Chris Hulser offered some insights as to […]

Huntsville Area Association of Realtors Releases Q1 Economic Report

The Huntsville Area Association of Realtors (HAAR), in association with the UAH College of Business, has released its Huntsville Area Real Estate Economics Report for the first quarter of 2023.  The most dramatic difference between Q1 2023 and the same quarter the previous year was the 171.5% increase in units on the market.  Additionally, many […]