Despite many economic experts’ worst fears early in the COVID-19 pandemic, state and local government budgets have proven resilient over the last two years. With much of the economy shut down or hobbled as a result of the pandemic, forecasters initially worried that states and localities would collect substantially lower amounts of sales and income […]
In the heated residential real estate market of the last two years, one factor contributing to fierce competition and rising prices has been real estate investors. While many prospective homebuyers were drawn into the market with historically low interest rates and strong savings and investment returns, they have frequently found themselves outbid by corporate landlords […]
Is it still cheaper to buy a house than it is to rent in Huntsville? A recent study from California based ATTOM Data Solutions found that while Madison County is included in the 58% of counties where it’s more affordable to buy a home, the gap between owning and renting is smaller than ever and […]
Back in May, for the first time in five years, residential sales in Huntsville dipped. According to the University of Alabama’s Culver College of Business, sales of residential units slowed by 4.4% compared to the first quarter of 2021. While housing sales – and prices – have been soaring nationwide, Huntsville has been in a […]
The buyers market enjoyed by house hunters at the height of the COVID-19 pandemic, when mortgage interest rates fell to record lows, is no longer. The numbers now favor sellers and will continue to do so in the near future with interest rates rising at a rapid pace. Rates for a 30-year fixed mortgage, which […]
As house hunters and their real estate agents are well aware, the real estate market has been rather volatile over the past year with rapidly rising home prices and an alarming shortage of listings. First-time buyers are finding themselves priced out of the market, with houses selling quickly and well over asking price. In addition, […]
After 28 years of dedicated service, Betty Hughes is retiring from Hughes Properties. This was first announced in November 2021. Betty plans to consult and spend time with her family and volunteer with non profit organizations. Betty has had a distinguished career including recently being inducted into the National Association of Realtors RPAC Hall of […]
Huntsville’s soaring growth brings the need for new housing, and as the city’s expansion continues, residential development in west Huntsville is following suit. The latest addition came from Atlanta-based Gateway Ventures (Gateway) and Bullpen Real Estate (Bullpen), which celebrated the grand opening of Laurel at Dry Creek with charcuterie cones provided by Honey Box, live […]
Two of Alabama’s largest real estate companies have come together in a partnership that reshapes the landscape of the state’s real estate market. Huntsville’s Capstone Realty has combined with ARC Realty, which focuses primarily on the Birmingham and Montgomery markets. The resulting entity is the largest independent real estate brokerage in Alabama. This new partnership […]
House shoppers and Real Estate agents across the nation are well aware of the recent challenges presented by the housing market, particularly with regard to increased prices and low stock. Although the Huntsville area did not experience these difficulties to the same extent as other regions of the country, recent data indicates that it has […]
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