Huntsville Real Estate Blog

Huntsville Real Estate: The Best-Laid Plans

As the U.S. economic crisis worsens, the National Association of Realtors has been urging legislators to include principles of the association’s four-point plan in any future housing stimulus legislation.

NAR developed the plan with consumers in mind, to boost the economy and stabilize real estate markets. The plan recommends:

• Extending the $7,500 tax credit to all home buyers and eliminating the repayment requirement
• Making the 2008 FHA and conventional loan limits permanent
• Putting the Troubled Asset Relief Program back on track
• Permanently barring large banks and banking conglomerates from engaging in real estate brokerage and management.

Learn more about the National Association of Realtors four-point plan.

For more about Huntsville real estate information, please contact us at 256-508-0211 or visit MoveToHuntsville.com.

Begin searching for Huntsville real estate & homes for sale, please use our complimentary MLS search.

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Attention, home sellers!  Even in an uncertain real estate market, there may be good news for you – depending on where you live.  The National Association of REALTORS® has published the results of its quarterly sales survey and found that the median home price continues to rise in most metropolitan areas.  The median is a typical market price – meaning half of all homes sold for more, and half of all homes sold for less. 

Lawrence Yun, NAR chief economist, said the data underscores the fact that all real estate is local.  “Some metro areas are hot, while others are experiencing localized problems,” he said. 

As we move into a new year, we will keep a close eye on the Huntsville area market trends to see how prices affect sales volume.  Since the market changes month to month and neighborhood to area, please contact me at 256-508-0211 or visit MoveToHuntsville.com to get the latest information on Huntsville AL real estate.  To receive a complimentary home value analysis, please click here.

Best wishes for a safe and happy holiday season!

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The National Association of REALTORS reports existing-home sales eased but prices stabilized as inventories tightened in December, while 2006 was the third-highest sales year on record.

Total existing-home sales – Total existing-home sales – including single-family, townhomes, condominiums and co-ops – eased 0.8 percent to a seasonally adjusted annual rate1 of 6.22 million units in December from a level of 6.27 million in November.  Sales were 7.9 percent lower than a 6.75 million-unit pace in December 2005.

There were 6,480,000 existing-home sales in all of 2006, down 8.4 percent from a record 7,075,000 in 2005.  The second highest total was 6,779,000 in 2004; NAR began tracking home sales in 1968.

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