The Huntsville Area Association of Realtors’ (HAAR) Weekly Market Report, dated the last week of March 2025, shows that Huntsville’s real estate market has experienced a demand divergence between single-family units and townhouse/condo units. Single-family units saw a 53.9% increase in new listings posted during that week, while pending sales increased 19.8%, for a total […]
The National Association of Realtors (NAR) has reported that, across the United States, pending sales of residential units has declined 4.6% on a month-by-month basis, and 5.2% on a year-over-year basis. Of the four regions of the United States, only the Northeast saw a slight increase in pending sales on a month-to-month basis, while all […]
Reports from the month of December have shown that the residential real estate market has been stronger than most winter seasons, with the local market here in Huntsville/Madison County a bit more brisk than the national norm. According to reports from the Huntsville Area Association of Realtors (HAAR), there were 622 homes sold in December […]
A new study released by the National Association of Realtors (NAR) shows that 46% of homebuyers who relocated in 2024 relocated to the South. The next most popular region for relocating homebuyers was the West, at 25%. 30% of relocating homebuyers cited a desire to be closer to family and friends as the leading reason […]
The Alabama Association of Realtors released its October 2024 Alabama Economic and Real Estate Report. The report indicated a slowdown in real estate sales across the state, which the report attributed to a combination of high interest rates, which spiked up to 6.72% by late October, and seasonal slowdown typical for fall. Alabama recorded 4,880 […]
The Alabama Association of Realtors (AAR) has released its monthly economic report for the month of September, 2024. The report showed that Alabama has a 4.6 months’ supply of housing inventory. This marks a year-over-year increase of 1.3 months’ supply, and is the highest level in more than five years. According to the Huntsville Area […]
The average 30-year fixed rate mortgage rate jumped an incredible 27 basis points Friday morning, following the release of a Labor Department report. The report showed that the U.S. economy added many more jobs in the month of September, 2024 than had been anticipated, with unemployment falling to 4.1%. This report is expected to convince […]
The Alabama Association of Realtors has released their Alabama Economic and Real eState Report for the month of September 2024. The report summarizes the state of the Alabama real estate market -the average of the entire state, not merely our own Huntsville/Madison County market – as ‘cooling, but robust.’ “As the traditional summer home-buying season […]
In a long-awaited move, the Federal Reserve announced that it has cut the federal funds rate by fifty basis points. The new federal funds rate, which acts as a benchmark for borrowing rates across the economy, is now reduced to 4.8%, the lowest rate since March of 2023. This is the first rate cut since […]
Interest rates remained flat during the first week of September, slowing down a multi-week decrease that experts attribute to the market preparing for the much-anticipated Federal Reserve cuts expected to be announced at the Fed’s next meeting, on September 18. “I do believe in anticipation of this cut, most of the reduction has been built […]
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