The way people buy and sell real estate in America has changed dramatically, as the National Association of Realtors (NAR), has reached a legal settlement that will, among other things, end the “even-split 6% commission model.” Additionally, the agreement would resolve claims against NAR, over one million NAR members, all state/territorial and local REALTOR® associations, […]
Huntsville, AL has been a media favorite from US News and World Report, Southern Living, Money Magazine, and the Wall Street Journal. A common thread amongst these reports has been the uncanny affordability of homes within our city. A few years ago, you could purchase a nice starter home in one of the area’s best […]
During his 2024 State of the Union Address, President Biden made a number of policy proposals aimed towards addressing the ongoing crisis of housing affordability. Biden’s proposals included the establishment of a tax credit towards mortgages over the next two years, the elimination of title insurance fees for federally-backed mortgages, and an initiative to build […]
HUNTSVILLE, AL – Entrepreneurs in North Alabama have a chance to turn their business dreams into reality as Launch, in collaboration with Singing River Trail, officially opens applications for the third annual Launch Tank competition. Set to unfold at the Space Camp Operations Center located within the US Space & Rocket Center in Huntsville, AL, […]
The economy of the United States made tremendous gains in November and December of 2023, and then scored exceptional gains in January of 2024. The data tells the story of a powerful economic comeback, something this resilient nation is somewhat known for historically. However, the complete picture is a little more complicated and nuanced. If […]
“AI Talks” is a series from the Huntsville Business Journal on Artificial Intelligence and its applicability to the world of business. Each month, HBJ plans on bringing you interesting topics led by our contributing expert writer, Carl Holden. This has also introduced another “writer” to our journal: Artificial Intelligence itself. Using Chat Generative Pre-trained Transformer […]
The monthly report for the month of January 2024, as compiled by the Huntsville Area Association of Realtors (HAAR), shows indications that the local real estate market is beginning to shrug off the sluggishness of the end of the year. The addition of housing inventory continues apace, with 1738 units on the market in January, […]
Writing resumes and cover letters, searching through job postings, and completing applications can be time-consuming and exhausting. Landing an interview, especially at a position you are very excited about, can inject a sorely needed boost of enthusiasm and hope. However, the interview phase is merely the start of the hiring process and a competitive step […]
The Consumer Price Index, tracking the economy during the first month of 2024, suggests that the Federal Reserve will be unlikely to cut interest rates until late spring at the earliest. Data for January showed that the annual inflation rate registered at 3.1%. While this is a noticeable decrease from the 3.4% of December, economists […]
Mortgage application volume dropped by 7.2% last week, a drop that the Mortgage Bankers Association is attributing to intense competition among buyers for a relatively small number of units available. Across the nation, applications for mortgages for purchasing homes specifically declined by 11% over the week, which represented a total drop of 20% year-over-year. This […]
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