Local, national real estate markets buck under interest rates

Housing affordability continues to be a major concern across the United States. ATTOM Data Solution’s Q3 2023 US Home Affordability Report shows that median single-family and condo unit prices in Q3 were less affordable than historic averages in 99% of counties nationwide.  Moreover, with interest rates hovering around 8%, ‘major home expenses’ now take up […]

Sales prices dip as Huntsville plans affordable housing director

The Huntsville Area Association of Realtors (HAAR) has released its monthly report for the month of September.  The study shows that the average sales price for single family homes decreased from $371,000 to $370,000. However, the median figure for single family homes decreased down to $304,000, which is considerably lower than the national median of […]

Real Estate Update: Pending Sales Pick Up, Despite National Trend

The Huntsville Area Association of Realtors (HAAR) has released statistics for the Huntsville/Madison County market that shows that our local real estate market is defying national trends in terms of pending sales.  Nationally, pending sales have been dropping. According to the National Association of Realtors (NAR), pending home sales have declined by an average of […]

Huntsville-Madison County Chamber launches “Smart Careers” initiative to fast-track job seekers

In a move to bolster workforce development, the Huntsville-Madison County Chamber is expanding its ASmartPlace.com initiative. This extension, known as “Smart Careers,” aims to accelerate the careers of job seekers interested in four specific industries: Advanced Manufacturing, Information Technology, Construction, and Healthcare. This innovative approach caters to individuals who may not have the time, opportunity, […]

Real Estate Update: Affordability still a concern as government shutdown postpones

Housing affordability still remains a top concern, both here in Huntsville and across the nation as a whole. The Huntsville Area Association of Realtors (HAAR) report for the month of August showed a slight increase in the average sales price of a single-family home in the area, up 1.1% to $370,000. While this figure is […]

Huntsville continues positive trend as Feds discuss interest rates

The Huntsville Area Association of Realtors (HAAR) has released their monthly report for the month of August 2023.  The report shows that the average sale price of a home in the Huntsville/Madison-County region has seen a very modest increase relative to August the previous year, bumping up to $370K from $367K. This still remains well […]

Huntsville ranked among top five best job markets in the U.S.

Over the past few weeks, various headlines spelled doom for employees across the nation. General Motors of America and Stellantis laid off thousands of workers nation wide, which prompted intense push-back from current and ex-employees. A week prior, Google announced that it would be be cutting hundreds of jobs, and last week Reuters reported that […]

Why workplace openness is essential for growing culture

Open communication and transparency are key ingredients in successful organizations. Pew Research Center found that the third most common reason for employees to quit their current job was feeling disrespected at work. While employees leave their positions for a variety of reasons, this one is tied most directly to the relationship between management and staff. While […]

Real Estate Update: Sales Picked Up as Mortgage Rates Poise to Fall

The latest report from the Huntsville Area Association of Realtors (HAAR) has shown increased activity for the Huntsville/Madison County area in the last full week of August.  The report, which covers the week ending August 26 2023, shows new listings for single-family homes increasing by 16.7%, while pending sales saw a modest increase of 1.5%.  […]

Real Estate Update: Huntsville presses on despite shaky national conditions

The national real estate market continues to struggle to meet consumer demand for housing, with the National Association of Home Builders reporting a six-point drop in new home construction sentiment from July to August. As a result, the national squeeze on housing inventory continues.  Investor purchases – purchases by a business or institution – of […]