Huntsville, Alabama Housing Market Update

Real estate in Huntsville, Alabama has been growing steadily over the past decade. Read this article to learn more about the current state of the Huntsville housing market industry. 

With a population of nearly 500 ,000 people, the Huntsville, AL metro area  is home to NASA’s Marshall Space Flight Center and Redstone Arsenal. In recent months, Huntsville has seen an increase in new construction homes, a shift in interest rates, and changes in the real estate market. Several factors are affecting this month's housing market update, and the details are outlined below.

Federal Reserve Raises Overnight Rates

The Federal Reserve has raised our overnight rates again by 0.75% which is one of the…

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WHY INVESTING IN REAL ESTATE MAKES SENSE DURING INFLATION

In an annual Gallup poll, Americans chose real estate as the best long-term investment. And it’s not the first time it’s topped the list, either. Real estate has been on a winning streak for the past eight years, consistently gaining traction as the best long-term investment (see graph below):

If you’re thinking about purchasing a home this year, this poll should reassure you. Even when inflation is rising like it is today, Americans agree an investment like real estate truly shines.

Why Is Real Estate a Great Investment During Times of High Inflation?

With inflation reaching its highest level in 40 years, it’s more important than ever to understand the financial benefits…

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PROS & CONS: RENTING VS. OWNING

Renting vs. buying is an important decision that affects many aspects of our lives. It’s also a big financial commitment. This article offers important points that outline the good and bad of renting versus owning your next home. Here are some things to consider before making a decision.

Renting Pros: 

  • Lower Payments

If you rent, you’re likely paying less than if you were to buy. You won’t be responsible for property taxes, insurance, maintenance, and repairs. And because you’re not tied into a long-term contract, you can move at any time without penalty.

  • Flexibility

Renting also offers you flexibility not always given with homeownership. Leasing an apartment also gives you…

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QUESTIONS TO ASK A LISTING AGENT

If you look to buy a home in Huntsville, you will likely hire a listing agent to help you find one. Many homeowners find it necessary to sell their home. The home selling process is unique for each individual home. Finding a real estate selling agent that can effectively market your home is vital if you want maximum value from your home sale. Also, observing when the home is placed on the market, the housing market shift, and discovering comparable homes for sale is significant. However, there are some things you should consider before you begin interviewing agents.  

What You Need To Know Before You Start interviewing A Listing Agent

The first thing you need to know before hiring a realtor is whether they…

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When Will Real Estate Prices Drop?

Are real estate prices going to drop in 2022 and 2023? What are the current predictions for our real estate market? As far as predicting future trends, it's difficult to say with certainty whether or not real estate prices will continue to rise or fall. It depends on many different factors, such as how much inventory exists, interest rates, the value of homes, and other macroeconomic indicators.

In this article, we will tell you exactly what you should know about real estate prices and the real estate market so you can make the best housing market decisions when you're ready to buy and sell your home. 

What to know about the 2022 Real Estate Market 

If you're thinking about buying or selling a property…

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