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 […]
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® (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 […]
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 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 […]
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 […]
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 […]
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 […]
The Huntsville Area Association of Realtors (HAAR) has released its monthly report on the state of the residential real estate market for the month of March. The average sale price in Madison County continued to rise, reaching $368,000, up from $333,000 for March the previous year. However, this is an outlier for Huntsville/Madison County specifically, […]
The Rocket City is experiencing a multifamily boom more explosive than has ever been experienced. As of December 31, 2022, our independent research indicates a total of 62 apartment communities comprising 14,685 units were actively under construction, while more than 30 other properties comprising 9,479 units were in planning. For an area with a total […]
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