Tag Archive for: U.S. Federal Reserve

December 2023 stats cap challenging year for Huntsville’s market

The Huntsville Area Association of Realtors (HAAR) has released its annual report for 2023, as well as the report for the month of December specifically.  2023 was a year defined by the interest rate shock, which reverberated throughout the entire real estate market. Would-be buyers found homeownership a more daunting prospect as 30-year fixed mortgage […]

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 […]

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 […]