The Alabama Association of Realtors (AAR) has released the latest issue of its new, monthly report on the state of Alabama’s real estate market. The issue covers statewide market statistics compiled from the month of January. “Average home prices have declined but remain high relative to pre-pandemic levels affecting housing affordability,” said Alabama REALTORS® 2023 […]
The Huntsville Area Association of Realtors (HAAR) has released their monthly report for the month of January. The report indicates that the average price of a single-family home in Madison County dropped by around $17,000 from December 2022. With a total of 1493 homes on the market, the inventory of units available for purchase has […]
The residential real estate market continues its winter slump, even as the feverishly-high mortgage rates of the previous year have begun to come back down to Earth. According to the Huntsville Area Association of Realtors, pending sales of single-family homes decreased by 1% in the final week of January, while townhouse/condo sales saw a larger […]
HUNTSVILLE, AL – NAI Chase Commercial, a member of the world’s premier managed network of commercial real estate firms, announced that Bhagyesha Darji has accepted a position in Sales & Leasing with the Huntsville office. In this role, she will be responsible for Tenant Representation/Landlord Representation, Sales, and Leasing for properties in Huntsville and the […]
New mortgage financing policies from Fannie Mae and Freddie Mac are poised to shake up the housing market for 2023. Loan Level Price Adjustments (LLPAs) are determined by a number of factors, most prominently the borrower’s credit score and debt-to-income ratio (DTI), among others. The new policies concerning LLPAs will reduce the cost incurred for […]
Huntsville, AL – NAI Chase Commercial, a member of the world’s premier managed network of commercial real estate firms, announced today that it represented Eikon Research, Inc. in its search for 8,890 sq. ft office and lab space at 6767 Progress Centre, Building 7. The office will serve as Eikon Research’s new corporate headquarters. Two […]
HUNTSVILLE, AL – RCP Companies officially broke ground on Wellory Living, a $108 million aspiring net zero energy multifamily development to be located on the corner of Old Monrovia and Stax Street. Establishing a net zero energy status and reduced carbon footprint are intentional measures the company made as the industry continues to trend towards net zero and sustainable living. […]
The Huntsville Area Association of Realtors (HAAR) has released its monthly figures for December of 2022. The report caps off a year defined by the rapid deceleration of the market via inflation and interest rate hikes. Nationally, pending sales have dropped by 37.8% from December of 2021, as reported by the National Association of Realtors […]
The big news in the real estate market this week has been the slight uptick in the average rate of a 30-year fixed rate mortgage. According to Freddie Mac, the mortgage rates had been steadily declining for five weeks prior to the week ending December 29, 2022. This led to a drop of three-fourths of […]
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 […]
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