The national real estate market continues to struggle to meet consumer demand for housing, with the National Association of Home Builders reporting a six-point drop in new home construction sentiment from July to August. As a result, the national squeeze on housing inventory continues. Investor purchases – purchases by a business or institution – of […]
The Huntsville Area Association of Realtors (HAAR) has released its monthly report for the month of July 2023. The average sale price of a single-family home in Madison County took a slight dip compared to July the year previous; where it had stood at $391K in 2022, in 2023 the average sale price was down […]
The Huntsville Area Association of Realtors (HAAR) has compiled its report for the Huntsville/Madison County real estate market, dated to the last week of July. New listings for single-family units decreased by 17.4%, even as inventory increased 14.2% for that same period. With sales continuing their modest rise – a 0.4% increase in this instance […]
Ground has been officially broken and the first building is on the way for Freedom’s Real Estate and Capital’s Freedom Industrial Park located across from Toyota Manufacturing on Pulaski Pike. According to Freedom Real Estate CEO Bill Roark, the new Industrial Park will be a massive undertaking for the company. The first of five scheduled […]
The Sit Down With Success is a monthly series provided by the Huntsville Business Journal that focuses on successful small businesses in the Huntsville/Madison County area and their keys to success. For this month, the Huntsville Business Journal sat down with Richard and Nancy Van Valkenburgh of Van Valkenburgh & Wilkinson Properties, Inc. If you’ve […]
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 […]
NAI Chase Commercial Real Estate, a member of the world’s premier managed network of commercial real estate firms NAI Chase Global, announced that Lorraine Funes has accepted a position as Sales and Leasing Specialist. In this role, she will be responsible for lease/sale transactions of office, retail, land and industrial properties in Huntsville and the […]
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 […]
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