New Housing Supply

The United States and the real estate market is experiencing a massive imbalance of supply and demand for new home housing. A question we need answers to is how long will it take new home builders to catch up with inventory? The U.S. has a current home definite of 4 to 5.5 million, an alarming statistic to note when only 6 to 7 million homes are sold annually. The supply of new construction homes needs to rise to even out the 5.5 million home deficit. The challenge comes from the recent increase in interest rates. New construction permits are actually down 3.2% from March to April. So, let's evaluate the new home housing supply and answer the rising question of how long until new home builders catch up with inventory? Building…

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When Will The Housing Market Crash?

It's all over the news, “When will the real estate market crash?” As the owner of Matt Curtis Real Estate, the largest real estate team in Alabama, and a real estate investor, the status of the U.S.'s real estate market, it's a topic that I think about often. 

I started Matt Curtis Real Estate during the once-in-a-lifetime 2008 market crash. Parts of me actually want to see prices come back down; as both an investor and also to help millennials out in getting their first home. We're going to have big challenges ahead as a nation if we become a nation of renters. 

On a positive note, I believe that home values will start to slow down their appreciation rates despite values continuing to rise. The reason why…

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Zillow Updates 2022 Market Prediction

Zillow updated the market prediction for 2022, and there are housing market statistics to discuss. The United States has now reached the most unaffordable market it has seen in the last 15 years! This is measured by reviewing the affordability index. The affordable index looks at the percentage of income that goes towards housing. This percentage is now at 28%, the highest level since 2007. To put that into perspective, 30% is considered the upper threshold that should be avoided. As a nation on average, we are getting close to that number.

The average monthly mortgage payment now stands at $2,127 per month, which is a 36% increase year to date. We're only halfway through the year but the nation's housing…

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Housing Market Shift

Everyone wants to know how the start of the housing market shift will affect current home values. Inman News recently reported on the current real estate market shift. They also remind us that a housing market shift is not the same as a housing market collapse. Why is this housing market shift finally occurring?

First, the Fed has changed its interest rate policy on federal funds rates and quantitative easing. Record low-interest rates have increased by 2% this year. 

Second, Fannie Mae is projecting an 11% drop in home sales this month. The monthly home sales decrease happens because of a lack of affordability and supply. 

Thirdly, both homebuilding and home sales nationally are beginning to slow down. 

Matt’s…

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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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