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 […]
Weekly statistics for the Huntsville/Madison County residential real estate market, compiled by the Huntsville Area Association of Realtors (HAAR), continues to show a trend of general slowdown. The report, accurate as to December 10, 2022, shows that both new listings and pending sales for single-family units continued to decrease, with listings down 27% and pending […]
HUNTSVILLE, Ala. – RCP Companies announced a new net zero energy residential development, Wellory Living, to MidCity District. The $108 million multifamily development will be located on the corner of Old Monrovia and Stax Street, bringing future forward, sustainable living and dining options to the area – all with a net zero energy status and reduced […]
The Huntsville Area Association of Realtors (HAAR) has released its report on the state of the region’s real estate market for the month of November. The immediate takeaway is that the effects of the interest shock are continuing to work their way through the market. While the inventory of both single-family units and townhouse/condos have […]
The National Association of Realtors (NAR) has compiled a list of the top ten real estate markets that bear watching for the upcoming year. The ranking was unveiled at the NAR’s fourth annual year-end Real Estate Forecast Summit. All ten metropolitan areas on the list are located within the South. These markets were selected due […]
HUNTSVILLE, AL – Bonaventure, an integrated alternative asset manager focused on the development, construction, and property management of innovative lifestyle multifamily communities in the Mid-Atlantic and Southeastern regions, today hosted the ground-breaking of Attain at Bradford Creek located at 556 Martin Road in Huntsville, Alabama to celebrate entering a new Southeastern market. The 350-unit Class A […]
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 […]
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 […]
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, […]
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 […]
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