Found 2 blog entries tagged as huntsville alabama real estate news.

Big News from Zillow & Zillow's New 2023 Housing Predictions

Zillow has updated its 2023 Housing Predictions and it’s making waves in the real estate industry. While there is an expected increase in home values, there is also a predicted decrease in the number of homes sold, leaving many wondering what is causing this shift. With a shortage of supply and potential homebuyers sitting on the sidelines due to higher interest rates, the market is experiencing volatility. However, recent bank failures could change the game. We’ll look at the changes in Zillow’s housing forecast as well as how they will affect buying and selling a home in Huntsville, Alabama. Read until the end to find out big, breaking news from Zillow!

Zillow’s New Prediction on…

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Are Homes Getting Smaller in Huntsville, Alabama?



New construction homes are getting smaller nationally and here locally in Huntsville, Alabama. 

The square footage of new homes has been at its lowest level in the last decade. Take a look at the chart at the 00:20 mark in the video above. The average is now 2,472 square feet, this is down from a high of nearly 2,700 square feet where things seem to have peaked around the 2015 time frame. They were starting to go back up during the pandemic with more people working from home and needing extra space. However, the square footage of new homes is continuing that downward trajectory. The average is about 2,472 square feet which is still up over the last couple of decades, in 2000 we were at about 2200…

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