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 […]
The Alabama Association of Realtors has released their Alabama Economic and Real eState Report for the month of September 2024. The report summarizes the state of the Alabama real estate market -the average of the entire state, not merely our own Huntsville/Madison County market – as ‘cooling, but robust.’ “As the traditional summer home-buying season […]
Capstone Building Corp., a Birmingham-based general contractor, has announced the successful completion of Arcadia, a $56.8 million luxury apartment development in Huntsville, Alabama. Developed in partnership with Bobo Family Group and Boaz Ventures, Arcadia offers 250 residential units across 432,070 square feet in Huntsville’s Cummings Research Park, the second-largest research park in the U.S. Arcadia […]
Coldwell Banker Commercial McLain Real Estate (CBCMRE) is marking its 50th year of continuous operation in Huntsville’s commercial real estate market. The company is also celebrating 40 years of service by D. Scott McLain, who has played a key role in the firm’s growth since joining in 1984. Founded in 1974 by Gene McLain, CBCMRE […]
In a long-awaited move, the Federal Reserve announced that it has cut the federal funds rate by fifty basis points. The new federal funds rate, which acts as a benchmark for borrowing rates across the economy, is now reduced to 4.8%, the lowest rate since March of 2023. This is the first rate cut since […]
Interest rates remained flat during the first week of September, slowing down a multi-week decrease that experts attribute to the market preparing for the much-anticipated Federal Reserve cuts expected to be announced at the Fed’s next meeting, on September 18. “I do believe in anticipation of this cut, most of the reduction has been built […]
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