Huntsville Real Estate Blog

Huntsville AL real estate sales of existing homes slowed in April, partly because restrictive lending practices hampered home buyers. At the same time, a greater number of areas are showing sales gains from a year ago and a recent reversal in mortgage policy means the Huntsville AL real estate market is better positioned for a turnaround, according to the National Association of Realtors^®.

NAR President Richard F. Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said the good news is that mortgage restrictions have just been eased. “In the past week, Freddie Mac and Fannie Mae announced that they were eliminating their ‘declining market’ policies, effective June 1,” he said. 

Lawrence Yun, NAR chief economist, said eliminating restrictive policies should be a big help to home buyers. “I would encourage buyers who were disappointed by poor mortgage options to take another look at the market because the lending changes are significant,” he said. “Also, a recent notable drop in interest rates on conforming jumbo loans will help consumers in high-cost markets like California and New York.” 

To learn more about the current conditions of the Huntsville AL real estate market, please call me at 256-508-0211 or visit MoveToHuntsville.com.  You may also begin searching for Huntsville AL homes for sale!

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You’ll be impressed with all that this tri-level home in English Village has to offer. You’ll enjoy 4 spacious bedrooms and 2.5 bathrooms, including a master suite with his-and-her closets for plenty of storage. The large bonus room downstairs would be ideal for a rec room, media room, in-law suite or 4th bedroom with closet and a private entrance. The main floor features an elegant formal living room and a traditional formal living room, perfect for entertaining a crowd with ease. For smaller gatherings, or nights in with the family, there is a cozy and welcoming family room with wood-burning fireplace and brick hearth. The eat-in kitchen has tile floors, microwave, pantry, dishwasher, oven, and a sunny breakfast area with a bay window overlooking the private back yard. Outside, spend the days rocking on the covered front porch or grilling out on the back patio. The large private backyard has a storage shed, mature trees for plenty of shade, and a privacy fence. This move-in ready home is also located in the desirable Grissom High school district.

For more information about this home or other Huntsville AL real estate, please call me at 256-508-0211 or visit MoveToHuntsville.com.

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