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 […]
The National Association of Realtors (NAR) has announced that rule changes to Realtor-affiliated Multiple Listing Service (MLS) are to be implemented by August 17. These rule changes are a part of a $418 million settlement, the final hearing of which is slated for November. The NAR also updated its extensive FAQ page, in order to […]
The Huntsville Area Association of Realtors (HAAR) has released its monthly report for March 2024. The total number of homes sold in Huntsville/Madison County declined from the previous year, down to 536 from 651 in March 2023. Madison County saw 1107 pending sales in March, which is up from 1049 the previous year. At the […]
According to Federal Reserve Economic Data (FRED), the national rate of homeownership across the United States saw a slight uptick in Q3 2022. The percentage of owner-occupied homes rose 0.6 points relative to Q3 2021, to a total of 66%. This increase occurred despite the inflation and mortgage rate shocks that jolted the market this […]
The Huntsville Area Association of Realtors’ (HAAR) report for the month of July has been released. These figures suggest that the reverberations of the pandemic disruptions to the residential real estate market have largely settled out. 802 homes sold in Madison County last month, down from 930 sold in July of 2021, and even a […]
What a difference a year makes. Or, for that matter, just a month. The average sales price of a house in the Huntsville area last month set a record of $327,266 while the median sales price was $288,750, also a record. This is according to the latest report from the Alabama Center for Real Estate. […]
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