Found 5 blog entries tagged as huntsville al real estate news.

Huntsville, AL Housing Survey Predicting 2023

There are a lot of predictions around 2023 and what's going to happen in the Huntsville, Alabama housing market. So we decided to poll you, the audience, to see what your plans are in 2023 to get the most accurate prediction of who is looking to buy or sell their home.

Are you planning on purchasing or buying a new home in 2023?

A surprising 41.1% of survey respondents said they are planning to buy a home in 2023. I think there are a couple of potential reasons for that.

First, 29% of current Huntsville renters can afford the median-priced home, which is one of the reasons why Huntsville made it on the list of ‘Top 10 Real Estate Markets to Watch in 2023’.

The second reason I…

827 Views, 0 Comments

7 Huntsville Housing Market Predictions for 2023 

As we start 2023, I’m giving my 7 bold predictions for the Huntsville, Alabama real estate market. Make sure you stay until the end when we’ll go over what prices are likely to do this year, talk about a potential real estate crash, and I’ll even give a bonus prediction. If you’re looking to buy or sell a home in Huntsville, AL, this information can help you make the best decision based on your situation and allow you to time the market to your advantage.

1. Have Interest Rates Peaked?

Let's start with interest rates because that's what's really driving this real estate market right now. A lot of people, including myself, think here locally and nationally that once we hit the 5%…

3868 Views, 0 Comments

Is Huntsville a Top 10 Housing Market in 2023?

Is Huntsville, Alabama, a Top 10 real estate market to watch in 2023? The National Association of Realtors (NAR) seems to think so as they've ranked Huntsville number seven on their list of top cities in the US to watch in 2023.

Huntsville Housing Affordability

The study was based on several factors. One of those factors was the Housing Affordability Index. How affordable is the city? Huntsville has been above 100 for several years, anything above 100 is more affordable and anything below 100 is less affordable. A score of 100 means the average income can purchase the average home in that area.

NAR is actually behind on Huntsville's data and gave us a score of 120 when we're actually a score…

1060 Views, 0 Comments

 

Real Estate Investor Slowdown

Real estate has been weird for the last couple of years, especially for real estate investors. We've had COVID, we've had this 5.5 million home deficit in the housing market, and then we've had this rise of institutional buyers in the marketplace. As a real estate investor, I've always been taught that you make a lot of your money at the purchase stage so you want to buy a home priced right.

All that's been thrown out the window over the last couple of years with this rise of institutional home buyers. They're buying homes at list price, often $20,000 to $30,000 above list price, and buying hundreds and even thousands of homes at a time. So why did they do this? It all came down to yield spreads and cap rates.

603 Views, 0 Comments

When is the Best Time to Buy a New Home in Alabama?

When is the best time to buy a new home? Everybody's situation is different, your situation may not allow you to time the market but if you are in that position to do so, the best times in Alabama are coming up!

Based on data that's come out from Attom Data Solutions, they’ve analyzed 39.7 million data points that suggest October is the best month of the year nationwide to buy a home as buyer demand starts to fade and sellers become more flexible. October is the best month of the year nationwide, but in Alabama the best month to buy historically is in December.

Best Days to Buy a Home

October is the best month of the year nationwide but what are the best days of the year? According to…

1483 Views, 0 Comments