The preliminaries are nearly finished and the folks behind the movement to add the Dallas Mill Historical District to the growing list of Huntsville neighborhoods adorned with the city’s brown and white street signs are nearing their goal. The Dallas Mill burned down years ago, but old-timers and more recent arrivals alike gathered at Jackson […]
It’s no secret that Huntsville has seen an incredible amount of growth and development over the last several years. With this in mind, the question now is: how are developers and city planners sustaining all of this momentum in 2025 and beyond? To get an idea of what the city’s commercial real estate development forecast […]
The National Association of Realtors (NAR) hosted its annual Forecast Summit, with NAR Chief Economist Lawrence Yun heading the online panel and presentation. The first point to take from the discussion is that experts believe mortgage rates will hover around the same level as they are currently throughout 2025. Yun cited the national deficit as […]
As we approach 2025, there’s plenty to be optimistic about in the Huntsville area, especially in terms of the local economy and real estate market. Several factors suggest that home prices could see significant growth in the coming year, with both national and local trends aligning to create a favorable environment for sellers and potential […]
A new study released by the National Association of Realtors (NAR) shows that 46% of homebuyers who relocated in 2024 relocated to the South. The next most popular region for relocating homebuyers was the West, at 25%. 30% of relocating homebuyers cited a desire to be closer to family and friends as the leading reason […]
The Alabama Association of Realtors released its October 2024 Alabama Economic and Real Estate Report. The report indicated a slowdown in real estate sales across the state, which the report attributed to a combination of high interest rates, which spiked up to 6.72% by late October, and seasonal slowdown typical for fall. Alabama recorded 4,880 […]
National Association of Realtors Chief Economist Lawrence Yun, speaking alongside NAR Deputy Chief Economist Jessica Lautz, discussed projections for the real estate market in 2025 at an NAR event at Boston. “We’ve seen after presidential elections—and it doesn’t matter who wins—that there’s usually a slight boost in home sales,” Yun said. “It removes some uncertainty. […]
The City of Huntsville is progressing with its Mill Creek redevelopment, highlighted by the formal acceptance of a $50 million Choice Neighborhood Implementation (CNI) Grant from the U.S. Department of Housing and Urban Development (HUD). Announced in July, this funding will help catalyze the $350 million investment aimed at transforming the area west of Memorial […]
The September monthly report from the National Association of Realtors showed a jump of 7.4% in pending sales compared to August, with a 2.6% year-over-year increase in contract signings in September. NAR Chief Economist Chief Economist Lawrence Yun weighed in on these developments, attributing the rise to “the combination of lower mortgage rates in late […]
The average 30-year fixed rate mortgage rate jumped an incredible 27 basis points Friday morning, following the release of a Labor Department report. The report showed that the U.S. economy added many more jobs in the month of September, 2024 than had been anticipated, with unemployment falling to 4.1%. This report is expected to convince […]
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