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 […]
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 […]
First of all, I’d like to thank any of you who attended the AICyberCon as mentioned in the last article. We had over 100 people attend the event and had speakers from the government and Fortune 500. It was awesome to see so many people excited to learn and improve their careers in the field […]
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 […]
As part of the proposed $418M settlement to the NAR lawsuit, there’s going to be a few changes for both buyers and sellers in the TN Valley. The first big change is that buyer agreements are now required before viewing a home. It’s always been a requirement to go over a RECAD disclosure (even though […]
On August 20, 2024, over 100 attendees, speakers, and sponsors gathered at the Davidson Center of the U.S. Space and Rocket Center for the second annual DisruptHR Huntsville event. The local chapter of this event is organized by Ben Eubanks, founder of HR Summer School. For those unfamiliar, DisruptHR is an international series of events […]
Accessory Dwelling Units (ADUs), have been a hot topic to help solve the national housing supply crisis of approximately 6 million homes. Housing supply is not easily fixed as it would likely take at least a decade to bridge the gap, assuming we were building at the right pace, which we are not. So with […]
Reports from the U.S. Department of Commerce showed a year-over-year decline in the rate of core inflation over the month of June, down to 2.5% from 2.6% the previous year. This marks the third consecutive month of year-over-year declining rates of inflation, the first signs that the inflation crisis, which has been at the heart […]
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