2018 Predictions for the Alabama Housing Market

2018 has been a prosperous year for the real estate market all throughout the country. Most states have seen promising results with the combination of a better economy and higher wages allowing buyers to purchase a home without shopping around for the least expensive deal. Most of the U.S. is dealing with a shortage of affordable housing for sale, or simply a shortage of homes for sale period. While this may be bad news for the buyers, it is … [Read more...]

2015 Alabama Real Estate and Housing Market Predictions

Alabama has had a significant role in the shaping of our nation. At one time, it was at the epicenter of the slave trade in the pre-war south. Fast-forward a hundred years and it became the birthplace of the Civil Rights movement. Alabama has undergone all of these things and become a center for industry, high tech research, and education. Automobiles make up the majority of Alabama’s top export, and it is a 2 billion dollar industry in the state … [Read more...]

2013 Alabama Housing Market

Alabama's real estate professionals are feeling more hopeful about market improvements through 2013. They have every right to be enthusiastic. Based on rising home prices, appreciating home values, and increasing sales, indications point to a positive remainder of the year for the Alabama housing market. An article published in the Birmingham Business Journal in January ("2013 Forecast: Real Estate") reads in part: "Despite the still-slow … [Read more...]

Best Investors Real Estate Markets in 2010

Despite the troubled economy, the best buyers real estate markets for investors in 2010 possess stronger regional economies and the hottest prospects for the highest job growth in the country. Employment is the leading economic indicator for a strong housing market, and the best ten markets have what it takes. Huntsville, Alabama tops the list with massive job growth due to the federal government's Base Realignment and Closure (BRAC) program. … [Read more...]

2011 Alabama Housing Market

Soaring unemployment and weak economic fundamentals are leading the Alabama housing market into a second down turn that is projected to pull home prices down further. Home sales have slowed after the federal tax credit for home buyers’ expired, leading to a growing series of problems for Alabama, which includes worries along the Gulf of Mexico from the BP oil disaster. Work crews are still cleaning-up Orange Beach, where oil from the BP … [Read more...]

2010 Alabama Housing Market

Trouble on the Gulf of Mexico from the BP oil spill and a tight mortgage market is sending Alabama housing sales weaker after the federal home buyers’ tax credit produced a limited number of additional transactions. The economic growth for the region seems to have run out of gas. Slightly higher home sales resulted from the tax credit, but not enough to push the states markets into better times. The slow housing market along with BP oil that … [Read more...]

2012 Alabama Housing Market

A drop in home buyer interest driven by a lack of consumer confidence and record long high unemployment has sent the Alabama housing market into the doldrums, with home values declining at their highest rate on record in some areas of the state. Foreclosures and short sales are driving the drop in home prices in Mobile along the troubled Gulf Coast, where distressed property sales are making up the majority of transactions. The pent-up supply … [Read more...]

Isaac Poses $36 Billion in Storm Damage

By Mike Colpitts As it roars toward the Gulf Coast to make landfall forecast to turn into a hurricane, tropical storm Isaac poses more than $36 billion in financial losses to the Gulf Coast, according to a real estate research firm. An estimated 269,081 homes and other residential properties in just seven major metropolitan areas along the Gulf Coast could be at risk from the powerful storm, an analysis from CoreLogic showed. “The current … [Read more...]

Home Price Appreciation Jumps 2.5% for Year

By Mike Colpitts For the fourth straight month home values have increased in appreciation across the U.S., according to real estate research firm CoreLogic. Prices increased 2.5% in June compared to a year ago in the 100 largest metro areas the company tracks. On a month-over-month basis, including foreclosure and short sales, home price appreciation rose 1.3% in June compared to May 2012. The company’s forward looking Home Price Index shows … [Read more...]

Housing Index Shows Upward Trend

By Mike Colpitts Home prices declined an average of less than one-percent in the U.S. on a year to year basis through the end of March, according to a heavily watched housing price index indicating an upward trend for the marketplace. The CoreLogic index showed that prices were down 0.6% from one year ago, including distressed properties, which are foreclosures and bank assisted short sales. The index monitors 100 of the nation’s largest … [Read more...]