The Rocket City is experiencing a multifamily boom more explosive than has ever been experienced. As of December 31, 2022, our independent research indicates a total of 62 apartment communities comprising 14,685 units were actively under construction, while more than 30 other properties comprising 9,479 units were in planning. For an area with a total […]
According to Freddie Mac, the national average interest rate for a 30-year fixed-rate mortgage has been declining slightly over the past three weeks, with the national rate reaching a low of 6.32% for the week of March 30, 2023. This dip in rates has led to an uptick in new mortgage applications, with the Mortgage […]
It’s April, and spring is in full swing, with its warm weather and enough pollen in the air to choke a yak. For those in the business of real estate, spring also represents the revitalization of the market, as both buyers and sellers shake off winter seasonal malaise and get back down to business. April […]
The latest weekly report from the Huntsville Area Association of Realtors (HAAR), dated for the week ended March 18, demonstrates that the inventory of homes for sale in Huntsville/Madison County has continued to increase. The inventory of single-family units saw a 92% increase, up to 2,508 homes, while townhouses and condo units saw a 66% […]
Madison County Water Department (MCWD) officially launched its in-house billing, meter reading and customer service transitioning from Huntsville Utilities’ original services. MCWD will now read meters, prepare and mail billing statements, and perform all aspects of customer service with in-house systems and personnel. This transition will ensure more timely problem resolutions and more efficient customer service, […]
As the coronavirus pandemic crippled markets and challenged businesses, one popular term that saw a great resurgence was “adaptive”. While this word has a variety of definitions and means different things to different people, its use in business and leadership development is much more distinct. The four main principles of adaptive leadership are summarized using […]
This series from the Huntsville Business Journal covers Department of Defense (DoD) contracts awarded to Huntsville-Madison County and Alabama businesses. Every two weeks, the Huntsville Business Journal provides you with an update to the various military contracts that local and state businesses are awarded. This entry covers contracts listed on the Department of Defense daily postings from Monday, […]
The Huntsville Area Association of Realtors (HAAR) has released its monthly report on the state of the market over the month of February. Of the various statistics compiled in the report, the dramatic increase in average time spent on the market stood out the most. The average time a house in Huntsville-Madison County spent on […]
According to Realtor.com’s most recent monthly housing report from February, active listings of homes for sale were up 65.2% relative to January. This number still represents a 43.2% decrease from 2019’s pre-pandemic levels, however, it is indicative of construction and real estate picking back up from the shutdown. Here in Huntsville, the latest figures, accurate […]
Huntsville is a hub of technology and innovation, making it a lucrative target for cybersecurity threats. As Huntsville surges in population and economic growth, the city is becoming a prime target for cybercriminals. Cyber threats have become a pervasive issue, with malicious actors seeking to steal data, disrupt services, and extort organizations. While technical approaches […]
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