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Huntsville Real Estate Benefits From Military & Tech Jobs

By: Huntsville Real Estate Expert Mike Manosky On July 7, 2009

Huntsville real estate sales are down, but not as much as other areas of the county due aerospace and high tech jobs.

Local businesses and facilities include Boeing, PPG Aerospace, NASA, and the Marshall Space Flight Center. In addition, approximately 4,700 new military jobs will be created at the Army’s Redstone Arsenal due to base realignment.

Unemployment has gone up slightly, says Ahmad Ijaz, economic analyst at the University of Alabama’s Center for Business and Economic Research. And the recession has caused fear and anxiety. Consumer spending has declined, and home sales fell 22.7% in May in Huntsville, compared with the same month last year. Fewer multiple offers are being seen this year than in 2008.

But Huntsville real estate is still selling, especially those priced at $300,000 and less. Slower-selling high-end homes are maintaining prices. In the past, the housing market has been resilient.

Learn more about Huntsville real estate by visiting MoveToHuntsville.com.

 

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