Contact Info

256-508-0211 direct
Mike@MoveToHuntsville.com

Huntsville AL Real Estate Market Update

By: Huntsville Real Estate Expert Mike Manosky On November 15, 2007

Temporary problems in the mortgage market are expected to free some pent-up demand, but disrupted existing-home sales and distorted prices on sales closed in September, according to the National Association of Realtors®.  Even so, prices continued to rise in some area.  Because of this and other factors, total existing home sales fell 8% and are 19% below the level that they were in September 2006.

 

Lawrence Yun, NAR senior economist, said the decline is understandable.  “Mortgage problems were peaking back in August when many of the September closings were being negotiated . . . the good news is that mortgage availability has markedly improved in recent weeks . . .”

 

Click here to read the full article, and remember that the Huntsville AL real estate market is always changing from month to month and neighborhood to neighborhood.  To find out the latest market trends or learn more about Huntsville AL real estate, please visit MoveToHuntsville.com or call me at 256-508-0211.  To begin searching Huntsville AL homes, please use my complimentary MLS search.

Comments (0)

Leave a Reply