Sneak Peek Listings for February 3rd

302 Early Harvest Court - $335,000

302 Early Harvest Court, Harvest, Alabama 35749

4 Bed | 4 Bath | 2,532 sqft

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

116 Winstead Circle - $240,000

116 Winstead Circle, Owens Cross Roads, Alabama 35763

3 Bed | 2 Bath | 1,525 sqft

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

2757 Wynterhall Road - $215,000

2757 Wynterhall Road SE, Huntsville, Alabama 35803

3 Bed | 2 Bath | 1,440 sqft

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

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Zillow December 2022 Housing Report

Coming off of record years, the housing market ended 2022 in a deep freeze according to Zillow economist Jeff Tucker. The question is, will the spring market start to thaw out? Whether you’re looking to buy or sell a home in Huntsville, looking at how national housing stats compared to local housing stats can help you make an informed decision that best fits your home buying or home selling needs.

Pending Sales, New Listings, & Home Values

One of the things that stood out to me in this report is that the national stats reported by Zillow are very much in line with what we're seeing here locally in Huntsville. The first stat that popped out was pending sales dropped 32.5% nationally, they've dropped…

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How to Build Wealth | Fixed Rate Mortgage

Whether interest rates are in the 3’s or the 6’s the fixed rate mortgage is one of the most powerful wealth builders in the universe. By locking in a stable interest rate, a fixed rate mortgage can be used as a tool to build wealth over time. Regular mortgage payments, combined with an appreciating property value, can help homeowners build equity, or ownership in their home, which can serve as a valuable asset and source of long-term financial security. Additionally, the predictable monthly payments of a fixed rate mortgage can allow for budgeting and financial planning.

How the Fixed Rate Mortgage Builds Wealth

Number one is appreciation. It's not just appreciation, but it's a leveraged…

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Huntsville, AL Housing Market Report | December 2022

Home sales are down 32.2% year over year in our local Huntsville, Alabama real estate market. Housing affordability and the mortgage rate lockdown effect are continuing to push the number of homes sold down, we’ll look at what effects these and other factors affected the Huntsville housing market in December. 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 as we head into 2023.

Home Sales

Sales have dropped 32.2% year over year in our local Huntsville, Alabama real estate market. Sales are down for two primary reasons.

The first is affordability. The Huntsville Housing Affordability Index…

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Sneak Peek Listings for January 27th

207 Rodman Drive - $330,000

207 Rodman Drive, Madison, Alabama 35758

3 Bed | 3 Bath | 2,400 sqft

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

118 Westerbrook Drive - $294,900

118 Westerbrook Drive, Toney, Alabama 35773

3 Bed | 2 Bath | 1,581 sqft

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

 

 

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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…

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Homebuyer Sentiment Up in 2023

Homebuyer sentiment is up slightly for the second month in a row, according to a recent Fannie Mae national housing survey. Home buyer sentiment is up from an 11-year low, increasing 3.7 points to 61 points. If you're looking to buy a home in Huntsville, AL using this index and other info to time the market can give you the advantage in finding your perfect home.

I would expect these numbers to stay low and to rise slightly this year, but I don't know that that's absolutely a bad thing. The reason for that is you typically want to do the opposite of what everybody else is doing. Smart money is buying when other people are selling, smart money is selling what other people are buying. I think home buyer sentiment is…

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Sneak Peek Listings for January 20th

15407 AL Highway 69 - $329,900

15407 AL Highway 69, Joppa, Alabama 35087

5 Bed | 3 Bath | 3,365 sqft

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

 

314 Beaver Ridge Trail - $350,000

314 Beaver Ridge Trail, Huntsville, Alabama 35824

4 Bed | 2 Bath | 2,215 sqft

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

 

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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%…

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