Real Estate Update: Madison County Weekly Stats for October 29, 2022

The numbers are in for Madison County’s residential real estate market, for the week ending October 29, 2022.  Much of the new inventory on the market is in townhouses and condos, which are typically more affordable than single-family units. In the month of September of this year, townhouse/condo units sold for, on average, $243K, compared […]

Real Estate Update: Third Quarter Report Quantifies Impact of Inflation and Interest

The Huntsville Area Association of Realtors (HAAR) has released its report, compiled by faculty of UAH’s College of Business, on the state of Madison County’s residential real estate market for 3Q 2022.  The statistics reported shed more light on shifts that we’ve been tracking, putting them into context with both the previous quarter and the […]

Destination Huntsville: Rocket City Attractions

The Huntsville/Madison County Convention and Visitors Bureau (CVB) has compiled the 2022-2023 Huntsville Destination Guide. The pamphlet details many of the particular attractions that visitors to the city really should come and see.  It’s no surprise that the first stop on the tour is the Space and Rocket Center. The Saturn V Rocket does tend […]

Don’t Believe the Hype, Quiet Quitting is Nothing New and There Is a Solution

Early in my career I worked at a very large corporation where it felt like we spent a considerable amount of time listening to conference calls. This was a multinational organization where the conference calls would have hundreds of participants, often with several people from the same location on the call. Sometimes the calls were […]

The Historic Context of Mortgage Rates

The national real estate market has reeled at the sharp increase in mortgage rates, as 30-year fixed mortgage rates have topped 7% for the first time in over twenty years.  Sounds bad, and it has many wondering if numbers will continue to get worse. Freddie Mac has compiled the average rates on mortgages, organized by […]

State Business Leaders Still Sour on Economy

TUSCALOOSA, AL – For the second consecutive quarter, state business leaders have a negative outlook on the economy, according to the latest quarterly survey by The University of Alabama. The UA Center for Business and Economic Research’s latest Alabama Business Confidence Index, taken in early September, remains slightly negative following a similar outlook in the snapshot […]

Real Estate Update: Madison County Weekly Update

The Huntsville Business Journal is proud to provide its readers with detailed information on the real estate market in Madison County, as compiled by ValleyMLS and the Huntsville Area Association of Realtors (HAAR). This week’s update analyzes residential real estate sales in Madison County for the week ending on October 15, 2022.  Sales for both […]

Huntsville GovCons Choose Unanet Over Legacy IT Systems

Radiance Technologies, a Huntsville-based company focusing on solutions for defense, intelligence and civilian clients like the U.S. Army and U.S. Air Force, is replacing its legacy enterprise resource planning (ERP) system with Unanet GovCon ERP and customer relationship management technology (CRM) to streamline processes and reduce manual errors in the business. The employee-owned company, with […]

Real Estate Update: Huntsville’s September Statistics

The Huntsville Area Association of Realtors has released their statistics for the month of September. The quick takeaway is that, as expected, the residential real estate market has decelerated from the fevered pace of 2020 and 2021.  Houses on the market in Huntsville/Madison County are now spending an average of 14 days on the market, […]

Real Estate Update: Madison County Weekly Stats Are Here

The Huntsville Business Journal, in partnership with the Huntsville Area Association of Realtors (HAAR), is pleased to present a new feature to the Real Estate Update column: weekly updates on the state of the Huntsville/Madison County residential real estate market.  With reports coming in with greater frequency, and in greater detail, the column will be […]