According to the March 9 weekly report from the Huntsville Area Association of Realtors (HAAR), as of the week ending Feb. 26, 2026, the average 30-year fixed mortgage rate dropped to 5.98%. Freddie Mac says this was the first time in three and a half years that mortgage rates dipped below 6%. Lower mortgage rates […]
Huntsville’s rapid growth continued throughout 2025, according to the latest Huntsville Development Review. Last year’s record home sales in Huntsville built upon 2024 momentum and kept the Rocket City at the top of the list of Alabama’s fastest growing cities. The review reported nearly 5,000 new housing units on the market throughout 2025. Single-family home […]
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 […]
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 […]
The Huntsville Area Association of Realtors (HAAR) has released their monthly report for the month of January. The report indicates that the average price of a single-family home in Madison County dropped by around $17,000 from December 2022. With a total of 1493 homes on the market, the inventory of units available for purchase has […]
New mortgage financing policies from Fannie Mae and Freddie Mac are poised to shake up the housing market for 2023. Loan Level Price Adjustments (LLPAs) are determined by a number of factors, most prominently the borrower’s credit score and debt-to-income ratio (DTI), among others. The new policies concerning LLPAs will reduce the cost incurred for […]
The big news in the real estate market this week has been the slight uptick in the average rate of a 30-year fixed rate mortgage. According to Freddie Mac, the mortgage rates had been steadily declining for five weeks prior to the week ending December 29, 2022. This led to a drop of three-fourths of […]
Weekly statistics for the Huntsville/Madison County residential real estate market, compiled by the Huntsville Area Association of Realtors (HAAR), continues to show a trend of general slowdown. The report, accurate as to December 10, 2022, shows that both new listings and pending sales for single-family units continued to decrease, with listings down 27% and pending […]
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