Found 2 blog entries tagged as huntsville housing market.

2023 Housing Predictions Revisited

You've seen my 2023 Huntsville, Alabama real estate predictions, now that we’re halfway through the year let's see how those predictions are faring.

1. Have Interest Rates Peaked?

I was really on the fence if interest rates had peaked and what interest rates might do in this market in 2023. I predicted that interest rates had peaked and that they would start to come down in 2023. I'm going to stick with that prediction.

Interest rates seem to have peaked in the low 7% range and they have come down slightly from that. With the Fed signaling that they may pause rates and a lot of fear and uncertainty being priced into the mortgage rates, it looks like that prediction could come true with interest rates…

817 Views, 0 Comments

Read Full Post

2023 Housing Crisis

How Did We Get Here?

We have a housing crisis in this country and in Huntsville, AL. I know what you're thinking, how did we get here? We’ll look at how the 2008 housing crash actually started us down the path to our current crisis, how the COVID pandemic exacerbated things, and where the housing market stands in 2023.

How Did We Get Here?

Housing Crash in 2008

It all started back in 2008 when we had a housing crash in this country. As a result of this housing crash, we had fewer homes being built. Fewer homes were being built because banks were tightening up their development loans so builders and developers could not get loans to build these new communities. A lot of builders just simply went bankrupt during this…

1602 Views, 0 Comments

Read Full Post