NAI Chase Commerical Represents Leasing of 8,890 sq ft of Office and Lab Space in Huntsville

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 […]

RCP Companies Break Ground on ‘Net-Zero Living’ Development at MidCity

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. […]

Monthly Figures Kick-Off Sluggish Market for the New Year

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 […]

Mortgage Rate Increase Breaks Trend

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 […]

Real Estate Tips for Success in 2023

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 […]

New Financing Limits Set for 2023 As Housing Market Continues to Cool

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 […]

MidCity Announces New $108M Multifamily Development

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 […]

November Report Shows Effects of Market Squeeze

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 […]

National Association of Realtors Puts Huntsville in Top 10 Markets to Watch for 2023

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 […]

Bonaventure Expands into Huntsville Area Market

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 […]