Across the country, pending sales have stalled, as interest rates have not only failed to decrease in accordance to the schedule established by the Federal Reserve’s planned scale back of its anti-inflation measures, but have actually ticked back up slightly, reaching 7% at the end of February. According to Redfin’s national survey, this has caused […]
ValleyMLS was named a BEST MLS for 2024. The award was presented by WAV Group, the industry’s leading real estate consulting and research firm, conducting their second annual Customer Experience Index (CXI) for MLSs. WAV Group’s Customer Experience Index program scores MLS organizations on seven standardized key performance indicators (KPIs): overall satisfaction, customer service, training, technology, data quality, responsiveness, […]
The monthly report for the month of January 2024, as compiled by the Huntsville Area Association of Realtors (HAAR), shows indications that the local real estate market is beginning to shrug off the sluggishness of the end of the year. The addition of housing inventory continues apace, with 1738 units on the market in January, […]
The Beach Company has officially completed Merit Bank’s newest location at The Range, a commercial office building situated at Huntsville’s western gateway on Governors Drive. Serving as the anchor tenant since its announcement in early 2023, Merit Bank, a full-service bank headquartered in Huntsville, offers a comprehensive suite of commercial, consumer, and private banking services, […]
The Consumer Price Index, tracking the economy during the first month of 2024, suggests that the Federal Reserve will be unlikely to cut interest rates until late spring at the earliest. Data for January showed that the annual inflation rate registered at 3.1%. While this is a noticeable decrease from the 3.4% of December, economists […]
A major change to office space in downtown Huntsville is taking shape with the demolition of a pair of decades-old buildings located on Seminole Drive. Breland Companies initiated the demolition of the old K&M Glass buildings. The goal is to make room for a new 60,000 square foot Class A office building, which will complement […]
Mortgage application volume dropped by 7.2% last week, a drop that the Mortgage Bankers Association is attributing to intense competition among buyers for a relatively small number of units available. Across the nation, applications for mortgages for purchasing homes specifically declined by 11% over the week, which represented a total drop of 20% year-over-year. This […]
Hanley Investment Group Real Estate Advisors, a real estate brokerage and advisory firm specializing in retail property sales, has recently facilitated the sale of a newly constructed, single-tenant net lease investment property in Huntsville, Alabama. The property is occupied by Strickland Brothers 10 Minute Oil Change and is situated within a new Publix-anchored shopping center, […]
Essex Capital and Ascend Property Group have jointly announced the successful closure of a $115 million construction financing deal for Front Row. This substantial project, located in the heart of Huntsville’s downtown area, is positioned to be one of the Southeast region’s largest and most anticipated developments. Front Row will span over 11 acres, comprising […]
The Huntsville Area Association of Realtors (HAAR) has released its annual report for 2023, as well as the report for the month of December specifically. 2023 was a year defined by the interest rate shock, which reverberated throughout the entire real estate market. Would-be buyers found homeownership a more daunting prospect as 30-year fixed mortgage […]
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