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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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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You may be wondering about property taxes in Alabama along with what homestead means in the real estate industry. Here we discuss the basics of Alabama property tax and how it effects the process of buying a home in Huntsville, AL. We also discuss what homestead means, the advantages of homesteading real estate, and how much you can save with homestead exemption. 

Alabama Property Taxes Explained

Know The Basics About Property Taxes.

If you own a house in Alabama, you will likely pay property tax every year. This means that you will receive a bill at the end of each year. It also means that you will have to pay property taxes even if you rent out your home. Property taxes are prorated at closing; not paying attention to the homestead laws can…

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Should I Buy a Home Now or Wait? | Huntsville, AL Real Estate


Should I buy a home now or later? Whether you're renting a home, whether you're expanding your family, whether you're looking to invest or buy that dream home; there's a lot of mixed information out in the marketplace right now that’s causing confusion on home purchasing decisions.

Why You Should Wait

 Home affordability continues to drop. It's dropped 45 points in the last two years from 155 down to 110. Buyers have been faced with this double whammy of rising interest rates, along with rising prices as well. The other thing is there's a lot of fear of a recession in the market and with that potential job losses that might come. Those are all valid reasons for why to consider…

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New Housing Supply

The United States and the real estate market is experiencing a massive imbalance of supply and demand for new home housing. A question we need answers to is how long will it take new home builders to catch up with inventory? The U.S. has a current home definite of 4 to 5.5 million, an alarming statistic to note when only 6 to 7 million homes are sold annually. The supply of new construction homes needs to rise to even out the 5.5 million home deficit. The challenge comes from the recent increase in interest rates. New construction permits are actually down 3.2% from March to April. So, let's evaluate the new home housing supply and answer the rising question of how long until new home builders catch up with inventory? Building…

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When Will The Housing Market Crash?

It's all over the news, “When will the real estate market crash?” As the owner of Matt Curtis Real Estate, the largest real estate team in Alabama, and a real estate investor, the status of the U.S.'s real estate market, it's a topic that I think about often. 

I started Matt Curtis Real Estate during the once-in-a-lifetime 2008 market crash. Parts of me actually want to see prices come back down; as both an investor and also to help millennials out in getting their first home. We're going to have big challenges ahead as a nation if we become a nation of renters. 

On a positive note, I believe that home values will start to slow down their appreciation rates despite values continuing to rise. The reason why…

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Zillow Updates 2022 Market Prediction

Zillow updated the market prediction for 2022, and there are housing market statistics to discuss. The United States has now reached the most unaffordable market it has seen in the last 15 years! This is measured by reviewing the affordability index. The affordable index looks at the percentage of income that goes towards housing. This percentage is now at 28%, the highest level since 2007. To put that into perspective, 30% is considered the upper threshold that should be avoided. As a nation on average, we are getting close to that number.

The average monthly mortgage payment now stands at $2,127 per month, which is a 36% increase year to date. We're only halfway through the year but the nation's housing…

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Housing Market Shift

Everyone wants to know how the start of the housing market shift will affect current home values. Inman News recently reported on the current real estate market shift. They also remind us that a housing market shift is not the same as a housing market collapse. Why is this housing market shift finally occurring?

First, the Fed has changed its interest rate policy on federal funds rates and quantitative easing. Record low-interest rates have increased by 2% this year. 

Second, Fannie Mae is projecting an 11% drop in home sales this month. The monthly home sales decrease happens because of a lack of affordability and supply. 

Thirdly, both homebuilding and home sales nationally are beginning to slow down. 

Matt’s…

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