A new study released by the National Association of Realtors (NAR) shows that 46% of homebuyers who relocated in 2024 relocated to the South. The next most popular region for relocating homebuyers was the West, at 25%. 30% of relocating homebuyers cited a desire to be closer to family and friends as the leading reason […]
The Alabama Association of Realtors released its October 2024 Alabama Economic and Real Estate Report. The report indicated a slowdown in real estate sales across the state, which the report attributed to a combination of high interest rates, which spiked up to 6.72% by late October, and seasonal slowdown typical for fall. Alabama recorded 4,880 […]
National Association of Realtors Chief Economist Lawrence Yun, speaking alongside NAR Deputy Chief Economist Jessica Lautz, discussed projections for the real estate market in 2025 at an NAR event at Boston. “We’ve seen after presidential elections—and it doesn’t matter who wins—that there’s usually a slight boost in home sales,” Yun said. “It removes some uncertainty. […]
The City of Huntsville is progressing with its Mill Creek redevelopment, highlighted by the formal acceptance of a $50 million Choice Neighborhood Implementation (CNI) Grant from the U.S. Department of Housing and Urban Development (HUD). Announced in July, this funding will help catalyze the $350 million investment aimed at transforming the area west of Memorial […]
The September monthly report from the National Association of Realtors showed a jump of 7.4% in pending sales compared to August, with a 2.6% year-over-year increase in contract signings in September. NAR Chief Economist Chief Economist Lawrence Yun weighed in on these developments, attributing the rise to “the combination of lower mortgage rates in late […]
The Alabama Association of Realtors (AAR) has released its monthly economic report for the month of September, 2024. The report showed that Alabama has a 4.6 months’ supply of housing inventory. This marks a year-over-year increase of 1.3 months’ supply, and is the highest level in more than five years. According to the Huntsville Area […]
The average 30-year fixed rate mortgage rate jumped an incredible 27 basis points Friday morning, following the release of a Labor Department report. The report showed that the U.S. economy added many more jobs in the month of September, 2024 than had been anticipated, with unemployment falling to 4.1%. This report is expected to convince […]
Matt Curtis Real Estate has announced the return of Melissa Hotz, a seasoned real estate agent with nearly a decade of experience in the North Alabama market. Hotz has successfully sold over 500 homes during her career with the firm. “We’re excited to welcome Melissa back to the Matt Curtis Real Estate team,” said Matt […]
William “Bill” Chapman began his career in residential sales in 1992 but soon transitioned into commercial real estate. After gaining valuable experience working alongside top industry professionals for several years, he founded Chapman Commercial Realty in 2010, specializing in retail office and investment brokerage. In a recent interview with the Huntsville Business Journal, he shared […]
It’s an election year, so there’s a lot of ideas and promises floating around to garner votes and win an election. This election cycle includes the highly refuted idea of rent control. On one hand, if you’re a renter, rent (and the price of everything) is out of control. Back before the Fed got involved […]
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