Found 4 blog entries tagged as real estate news.

Huntsville, AL Housing Market Update | September 2022

In the September Housing Market update for Huntsville, AL, we’ll take a look at housing affordability, housing inventory, and what to expect for the rest of 2022. 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.

Huntsville, AL Housing Affordability

Affordability continues to be down. Single-family homes are becoming less affordable with the housing affordability index down from 129 this time last year to 90 for single-family homes. Anytime affordability gets below 100, it means that the average income in our market cannot afford the average price range home in the Huntsville market. The good news,…

502 Views, 0 Comments

Where Are Interest Rates Heading?


The Federal Reserve raised interest rates for the fifth time in 2022 at their September 21st meeting. The Fed continues to be aggressive in raising rates with a 0.75% rate hike this time around to put the federal funds target rate in the 3% to 3.25% range.

If you’re looking to buy a home in Huntsville, AL, you might be wondering how that’s going to impact real estate interest rates over the coming months. As a quick reminder, the Fed funds rate does not directly affect the mortgage rate, but it does have a major impact. 

When Will The Fed Raise Interest Rates Again? 

The Fed is predicting that they're going to continue to increase interest rates at their two remaining meetings in 2022 with an end…

361 Views, 0 Comments

Are Huntsville, Alabama Homes Overvalued?

There has been a lot of hype and clickbait articles predicting what will happen in the housing market not only nationally, but locally as well. The latest clickbait article that came across my desk was titled “Housing Correction Coming to Alabama: See the State's Most Overvalued Real Estate Market”. 

They made two points in the article: 

1) Home prices have outpaced income growth and 

2)  Huntsville is at the top of the state's list at 37.12% overvalued compared to the area's income levels.

 

Are Huntsville homes overvalued and is a housing correction coming to the market? Let’s look at the facts:

Rising Cost of Living

Overvalued is probably not the right term, higher cost of living is…

1001 Views, 0 Comments

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…

708 Views, 0 Comments