Interest Rates | Where Are They Heading?


The Federal Reserve raised interest rates for the fifth time in 2022 at their September 21st meeting. The Fed continues to be aggressive in raising rates with a 0.75% rate hike this time around to put the federal funds target rate in the 3% to 3.25% range.

If you’re looking to buy a home in Huntsville, AL, you might be wondering how that’s going to impact real estate interest rates over the coming months. As a quick reminder, the Fed funds rate does not directly affect the mortgage rate, but it does have a major impact. 

When Will The Fed Raise Interest Rates Again? 

The Fed is predicting that they're going to continue to increase interest rates at their two remaining meetings in 2022 with an…

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Sneak Peek Listings for September 30th | Homes For Sale in Huntsville, AL Area

340 Lofton Road - $425,000

340 Lofton Road NW, Huntsville, Alabama 35806

3 Bed | 3 Bath | 2,409 sqft | .96 Acre Lot Size

Talk to an MC Agent today for more info or call 256-270-9393!

104 Bedford Lane - $230,000

104 Bedford Lane, Harvest, Alabama 35789

3 Bed | 2 Bath | 1,300 sqft

Talk to an MC Agent today for more info or call 256-270-9393!

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Madison Street Festival 2022

The Madison Street Festival is held in downtown Madison to celebrate the people, art, food, and music of Madison. The MSF kicks off at 9am with a parade immediately followed by the opening ceremonies at the Church Street stage. Throughout the day there will be plenty to do as you enjoy the artist alley, view the car show, taste delicious food, listen to live music, and more!

While attending the MSF, be sure to stop by our Matt Curtis Real Estate booth at the corner of Church Street and Front Street. We’ll have over $1,000 worth of prizes up for grabs as well as a chance to have your child’s billboard design featured on an ACTUAL BILLBOARD for a day!

Billboard Design Contest

Children 12 and under can stop by…

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Are Huntsville, Alabama Homes Overvalued?

There has been a lot of hype and clickbait articles predicting what will happen in the housing market not only nationally, but locally as well. The latest clickbait article that came across my desk was titled “Housing Correction Coming to Alabama: See the State's Most Overvalued Real Estate Market”. 

They made two points in the article: 

1) Home prices have outpaced income growth and 

2)  Huntsville is at the top of the state's list at 37.12% overvalued compared to the area's income levels.

 

Are Huntsville homes overvalued and is a housing correction coming to the market? Let’s look at the facts:

Rising Cost of Living

Overvalued is probably not the right term, higher cost of living is…

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Sneak Peek House Listings for September 23rd

111 Autumn Cove - $399,000

111 Autumn Cove, Madison, AL 35756

4 Bed | 3 Bath | 2,200 sqft

Talk to an MC Agent today for more info or call 256-270-9393!

1409 Liberty Drive - $149,900

1409 Liberty Drive, Madison, AL 35758

2nd Floor Condo | 2 Bed | 2 Bath | 1,002

Talk to an MC Agent today for more info or call 256-270-9393!

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Real Estate Agent vs. For Sale By Owner (FSBO) 

When selling a house, there are two main routes you can take; using a real estate listing agent or selling the house yourself. The second route is called “for sale by owner” or “FSBO”. According to the National Association of Realtors, NAR, FSBOs only accounted for 7% of home sales in 2020. The real estate market has been a hot seller’s market recently which has more homeowners thinking about selling their house themselves in order to avoid paying a commission to a listing agent.

Here are the top five reasons you should consider hiring a real estate listing agent instead of doing a FSBO when selling a home in Huntsville, Alabama: 

#1 - Marketing

What do you think will help you sell…

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Real Estate Team vs. Solo Agent | What’s the Difference?

When you’re looking to buy or sell a home in the Huntsville, AL area, hiring a real estate agent is essential to your success. The benefits of using a real estate team versus using a solo agent can be the difference between the results you expect and the results you actually end up with. 

There’s a simple analogy to explain the difference between using an entire real estate team versus using a single agent. Let’s say you're going out to eat for dinner, could you imagine going into a restaurant and the person that greets you is also the exact same person that shows up at your table to take your order? Not only are they taking your order but they're the person that's cooking your food,…

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Matt Curtis Real Estate Website Wins a 2022 Summit Creative Award

Matt Curtis Real Estate and Real Estate Webmasters have received an international award for website design! The Summit Creative Awards received over 3,400 submissions from more than 19 countries, out of all of those entries, www.mattcurtisrealestate.com received bronze for the 2022 Top Summit Creative Award.

With the Matt Curtis Real Estate team - real estate is done differently. A dedicated team boasting over $1 billion in real estate sales partnered up with tech giant REW to create a real estate experience that makes buying your home something to look forward to. Just taking a look at the Matt Curtis site, and you know right away that the user experience is the priority.

The…

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Is Huntsville, Alabama Still Affordable?

 

We keep hearing that Huntsville is one of the most affordable cities in the United States, but is Huntsville really still affordable?

Housing Affordability in Huntsville

Overall affordability is measured using a few metrics, one of those metrics is the housing affordability index. If the housing affordability index score is 100, the median income for that city is 100% of what you would need to buy the median price range home for that area.

In Huntsville, housing affordability index numbers have actually continued to decrease. Locally, the score for single family homes is down to 78 compared to 119 in 2021 and 137 in 2020. The score for townhome affordability is down to 110 from 155 in 2021…

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Real Estate Capital Gains Tax Explained

A capital gains tax is a tax you pay on the profit you made from selling an asset. The tax paid covers the amount of profit - the capital gain - you made between the purchase price and sales price. In real estate, there are many factors that can decide if you have to pay capital gains tax and if so, how much. 

Real Estate Capital Gains Tax Question

I got a great question about real estate capital gains taxes from a viewer named Brett. Brett currently lives in Colorado and he purchased a home back in 1997 for $160,000. It's his primary residence, he and his wife live in that home, and they're now under contract to sell the home for $555,000 since they’re moving from Colorado to the Huntsville area. They…

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