Fed Raises Rates for 10th Straight Time

When are we going to get off of this roller coaster with the Fed? The Fed just announced its 10th straight rate hike, so what does that mean for homebuyers?

In the Fed's speech, they omitted some key language which has a lot of people interpreting this as the Fed saying that this is going to be the last rate hike. The Fed’s post-meeting statement omitted a sentence present in the previous statement saying that “the Committee anticipates that some additional policy firming may be appropriate”. Could the 10th straight rate hike be the last rate hike?  It looks like it may be, at least for the time being.

 

How Does This Affect Homebuyers & Mortgage Rates?

How is that going to affect everybody,…

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Red Balloon Scavenger Hunt Winner

Congratulations to Randy Wells on winning our first Red Balloon Scavenger Hunt of 2023 and taking home over $1,000 is cash and prizes!

Clue #1 - The People Have Voted!
Clue #2 - This clue is better than gold!
Clue #3 - *Video of Matt counting to 8*

The Red Balloon was hidden in the chart on this blog post.

 

We've teamed up with Rocket City Mom to offer a whopping $500 in cash and over $500 in prizes to the lucky winner who finds the elusive MC Red Balloon Prizes include:


 Family 4 Pack to the Huntsville Botanical Garden

 The Early Works Family of Museums Nationwide Unlimited Family Membership

 GrubSouth $100 Gift Card

 Kidcam Camp 1 Week Free Tuition Monte Sano


From May…

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Sneak Peek Listings for May 12th

104 Hanley Hill - $705,148

104 Hanley Hill Drive, Madison, Alabama 35756

5 Bed | 5 Bath | 4,063 sqft

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

2707 High Bunker - $675,000

2707 High Bunker Court, Owens Cross Roads, Alabama 35763

6 Bed | 4 Bath | 4,306 sqft

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

27047 Mill Creek - $307,000

27047 Mill Creek Drive, Athens, Alabama 35613

3 Bed | 2 Bath | 2,231 sqft

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

 

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Cost of Living in Huntsville, Alabama

It’s not uncommon to hear about residents who have relocated to the area due to the low cost of living in Huntsville, Alabama. From those who are looking for an affordable place to raise their families to those who desire to stretch their finances further in retirement, the Huntsville area is known to meet the needs of both parties.

If you too have heard that a major draw to living in North Alabama is the low cost of living, we’d love to break this down further so that you understand how the cost of living compares to other areas and why it’s a tremendous reason to plant your roots in Huntsville or its surrounding areas like Madison, Athens, or Decatur. Erica DeSpain of All Things Madison joins Matt Curtis…

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New Tax on Good Credit

You're not going to believe this, there's a new federal rule that is penalizing homebuyers with good credit. This new rule is coming at probably the worst time as home affordability is at an all-time low with higher home prices and higher interest rates This new rule is actually creating an additional burden for homebuyers and is going to price some homebuyers out of the marketplace because this rule could actually affect up to two-thirds of the potential market for new homebuyers.

This fee was designed to help people with lower credit scores purchase homes and get into homeownership, which is a great thing. The problem is, this is not the way to do that.  A few ways we can help more people purchase homes is to focus…

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Rocket City Mom & Matt Curtis Real Estate Are Teaming Up

We are thrilled to announce our exciting new partnership between Rocket City Mom and Matt Curtis Real Estate! Our goal is to help families find their dream home in the Tennessee Valley by highlighting important factors to consider when choosing a home and providing the necessary tools to navigate the home-buying process.

Over the next year, our partnership plans to release monthly videos focusing on the Keys to Finding Your Perfect Family Home. These videos will cover topics such as moving with children, selecting family-friendly neighborhoods, designing playrooms and backyards, and bringing home a new baby, among others.

Lindsey Barron, COO of Rocket City Mom, expressed her…

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1 in 8 Millennials

For the first time in eight years, the Millennial age group is not the top age group purchasing homes. In 2022, that percentage shrunk from 43%, all the way down to 28% which leads us to one in eight millennials having to move home in 2022.

How We Got to 1 in 8 Millennials Moving Back Home

How did we get to this point for millennials? The genesis of it started back in 2008 when we had the housing crash. The housing crash created a supply of fewer homes over the next 12 years as builders went out of business and banks stopped lending money on new developments. As a result of that, we had new family formations but not enough housing in this country. During that 12-year period, we had a 6.5 million home deficit created in this…

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Sneak Peek Listings for April 21st

190 Sawmill Road - $295,500

190 Sawmill Road, Huntsville, Alabama 35811

3 Bed | 2 Bath | 1,709 sqft

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

336 County Road - $155,000

336 County Road 1623, Cullman, Alabama 35058

3 Bed | 2 Bath | 1,344 sqft

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

 

 

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