4th of July Events in North Alabama

4th of July Weekend at MidCity

When: Friday, July 1st through Sunday, July 3rd

Where: MidCity District, Huntsville

Cost: Free

It’s a weekend full of fun starting with live music Friday night at MidCity. Saturday will feature music, yoga, a Mullet & Mustache contest, and a fireworks display before cooling down with a Watermelon Carving Contest on Sunday!

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Madison’s Star Spangled Celebration

When: 5PM-9PM | Saturday, July 2nd

Where: Dublin Park, Madison

Cost: Free

Madison’s Star Spangled Celebration will feature inflatables, live music, food vendors, and more! All parking will be at Madison City Stadium with free shuttle service beginning at 4:30PM. Fireworks begin…

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Housing Market in the U.S. | 2022

Real estate is at an inflection point. Harvard University just released its 2022 State of the Nation’s Market report for the housing industry. Topics that are discussed regarding the current housing market for the U.S. in 2022 include interest rates, housing stock, and the rapid increase in housing costs. The report also notes an inflection point in current real estate and the challenge of inventory, which is not believed to change any time soon.

Record Appreciation is Affecting the Housing Market

The report explains that we hit a record price appreciation in March, which was 20.6%, and apartment complexes are currently seeing a double-digit appreciation of 12%. With the price appreciation slowing down…

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Housing Prices Dropping

We finally have some good news to report for buyers! Nationally, nearly one out of five home sellers have dropped their listing price for the four weeks ending May 22nd. According to Redfin, this is the highest number of price drops since 2019. This is good news for buyers because sellers are having a harder time pushing up home values, which is evidenced by the increase in price drops.


Locally we're starting to see this in the higher price points, especially above $650,000. Before buyers get too excited though, it's important to note that 40% of homes nationally had a contract within one week and 55% within two weeks of all homes that sold. Homes also had a median national average of 15 days on market, which is down…

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What's Happening in Huntsville
June 17th - 19th, 2022

Ditto Landing Independence Day Celebration

When: 6PM-10PM | Saturday, June 25th

Where: Ditto Landing, Huntsville

Cost: $5 Parking

Get the jump on Independence Day celebrations at Ditto Landing! Free admission with gates opening 5pm, food trucks on site, music starts at 6pm, and fireworks at 9pm!

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Rainsville Freedom Fest

When: 1PM - 10PM | Saturday, June 25th

Where: Field of Dreams, 100 Rodeo Lane, Rainsville

Cost: Free Admission 

Join the city of Rainsville for their annual 4th of July celebration! There will be tons of kids activities, food and item vendors, a car & truck show, and live music! Stick around for the fireworks that begin at 9pm!

…

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May 2022 Housing Market Report


The market is finally starting to cool down nationally as the interest rates start to rise but the question is, “What is happening here locally in the Huntsville real estate market?” 

I was reading an article by the National Association of Realtors where they were stating that the volume, not sales prices, but the sales volume has actually decreased 3.2% month over month. I was also looking at a Realtor.com article where they're actually now predicting that home sales nationally decrease, not the actual sales price, but the volume decreases 6.7% over the next year. Other articles and other economists are predicting as much as 20% decline in sales nationally. Again, this is not home sales prices, but the number of…

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Fed Approves Record Rate Hike

As I've been telling you all, the Federal Reserve is going to continue to increase rates this year and boy did they ever last week. They had the highest interest rate hike that they've had in over 28 years of 0.75%. They did this because of a consumer price index and inflation numbers that they saw just a couple of weeks ago. 

After the Fed made this announcement on Wednesday, interest rates actually started to decrease from the high. The high actually got on Monday and Tuesday as high as in the mid 6% ranges but after Wednesday and then by the end of the week, they started to come down into the high 5%. The reason for that is the market already priced in that rate increase and they also priced in a little bit of…

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What's Happening in Huntsville
June 17th - 19th, 2022

Juneteenth Festival

When: 12PM-10PM | Saturday, June 18th

Where: The Camp at MidCity, Huntsville

Cost: Free Admission

The 2nd Annual Juneteenth Festival will feature live music and performances, vendors, car show, food specials, drink specials, and more! You won’t want to miss this huge celebration!

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Brickmore

When: 10AM-5PM, June 18th | 12PM-5PM, June 19th

Where: Ardmore Community Center

Cost: $1 per person or $5 per family

Join the Tennessee Valley LEGO Club as they host their first-ever Brickmore show in Ardmore! Check out collaborative displays of town and train models as well as original creations. There will also be a free…

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Huntsville Largest City in Alabama

According to the U.S. Census Bureau, Huntsville is the largest city in the state of Alabama. Huntsville recently surpassed Birmingham, which lost 1% of its population in the last 12 months. Montgomery also surpassed Birmingham to claim the number two spot on the rankings. However, the Huntsville metro is still only approximately half the size of Birmingham, with a little over 500,000 versus over 1.1 million for Birmingham.

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2022 Interest Rate Update

Interest rates are starting to not only level off but decline for the first time in 2022. How did this happen when the Federal Reserve just raised rates? For a little background, rates have increased 2% this year from 3.409% to as high as 5.593%. For the week ending May 20th, rates were down to 5.46% on an average 30 year mortgage, according to the Mortgage Bankers Association.

Rates started increasing rapidly this year as the Fed backtracked on its previous federal funds rate hike plans. The federal funds rate  is the rate at which commercial banks borrow and lend to each other overnight. It’s not the same thing as a 30 year mortgage rate but it does impact mortgage rates.

The other thing that impacted rates was…

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What's Happening in Huntsville
June 10th - 12th, 2022

Arts & Entertainment District Launch Party

When: 6PM - 8PM | Friday, June 10th

Where: Bridge Street Town Centre, Huntsville

Cost: Free To Attend

Bridge Street is hosting an official launch party to celebrate becoming Huntsville’s fifth Arts & Entertainment district! Live music, yard games, giveaways, and more will be on hand for a night of fun!

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247th Army Birthday Celebration

When: 5PM - 9PM | Saturday, June 11th

Where: Redstone Gateway Gate 9, Huntsville

Cost: Free Admission

Celebrate the 247th Birthday of the U.S. Army at Redstone Gateway 9 this weekend with food vendors, kids play zone, craft markets, and entertainment!

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