Huntsville Real Estate Blog

This site offers a great run-down of the real estate market across Alabama.

There are several highlights relevant to the Huntsville area:

• The real estate market in Alabama as a state is not expected to slow as much in 2008 as in the rest of the country.
• 4% increase in appreciation is predicted for Huntsville homes (the second-highest prediction in the state!)
• Increasing jobs and industrial construction are predicted to help Huntsville continue to grow
• Northern Alabama is predicted to experience less market slowdown than the rest of the  state

 As these predictions show, it is still a great time to buy or sell a home in Huntsville.  To begin searching for Huntsville AL real estate, please use my complimentary MLS search or visit MoveToHuntsville.com.  You may also call me at 256-508-0211.

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Now that we are a month into the new year, experts have begun to speculate on how the real estate market will fare in 2008.  A continuation of soft market conditions is forecast for existing-home sales in the months ahead, with improvement expected by the second half of this year if loan limits are increased, according to the latest forecast by the National Association of Realtors®. 

Lawrence Yun, NAR chief economist, said sales activity is expected to remain soft through the first half of the year despite a generational low in mortgage interest rates.  “Existing home sales have moved narrowly since last September, but when the full impact of higher loan limits for conventional mortgages begins to impact the market there is likely to be a notable rise in home sales and prices,” he said.

If you are ready to take advantage of the current Huntsville AL real estate market, please begin by searching for listings or request a complimentary market evaluation of your home.  For more personalized service, please call me at 256-508-0211.

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