Found 25 blog entries tagged as Real Estate.

QUESTIONS TO ASK A LISTING AGENT

If you look to buy a home in Huntsville, you will likely hire a listing agent to help you find one. Many homeowners find it necessary to sell their home. The home selling process is unique for each individual home. Finding a real estate selling agent that can effectively market your home is vital if you want maximum value from your home sale. Also, observing when the home is placed on the market, the housing market shift, and discovering comparable homes for sale is significant. However, there are some things you should consider before you begin interviewing agents.  

What You Need To Know Before You Start interviewing A Listing Agent

The first thing you need to know before hiring a realtor is whether they…

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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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Parents of Millennials - This real estate advice is For You

I want to talk to parents of millennials, and even grandparents of millennials, and offer the best real estate advice for our current housing market.  The United States real estate is at an inflection point with high prices and high-interest rates. The bad news is the recent challenges we see with millennials and the housing market will not go away soon. The good news is that the Fed is starting to slow down demand. However, due to 5.5 million home deficit in this country, the Fed will unlikely slow down demand at a reasonable rate required for equilibrium to occur in the housing market.

Being a parent has me thinking about how I can help my kids and future grandkids set up for success.…

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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 in the U.S. | 2022

Real estate is at an inflection point. Harvard University just released its 2022 State of the Nation’s Market report for the housing industry. Topics that are discussed regarding the current housing market for the U.S. in 2022 include interest rates, housing stock, and the rapid increase in housing costs. The report also notes an inflection point in current real estate and the challenge of inventory, which is not believed to change any time soon.

Record Appreciation is Affecting the Housing Market

The report explains that we hit a record price appreciation in March, which was 20.6%, and apartment complexes are currently seeing a double-digit appreciation of 12%. With the price appreciation slowing down…

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Housing Prices Dropping

We finally have some good news to report for buyers! Nationally, nearly one out of five home sellers have dropped their listing price for the four weeks ending May 22nd. According to Redfin, this is the highest number of price drops since 2019. This is good news for buyers because sellers are having a harder time pushing up home values, which is evidenced by the increase in price drops.


Locally we're starting to see this in the higher price points, especially above $650,000. Before buyers get too excited though, it's important to note that 40% of homes nationally had a contract within one week and 55% within two weeks of all homes that sold. Homes also had a median national average of 15 days on market, which is down…

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May 2022 Housing Market Report


The market is finally starting to cool down nationally as the interest rates start to rise but the question is, “What is happening here locally in the Huntsville real estate market?” 

I was reading an article by the National Association of Realtors where they were stating that the volume, not sales prices, but the sales volume has actually decreased 3.2% month over month. I was also looking at a Realtor.com article where they're actually now predicting that home sales nationally decrease, not the actual sales price, but the volume decreases 6.7% over the next year. Other articles and other economists are predicting as much as 20% decline in sales nationally. Again, this is not home sales prices, but the number of…

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Fed Approves Record Rate Hike

As I've been telling you all, the Federal Reserve is going to continue to increase rates this year and boy did they ever last week. They had the highest interest rate hike that they've had in over 28 years of 0.75%. They did this because of a consumer price index and inflation numbers that they saw just a couple of weeks ago. 

After the Fed made this announcement on Wednesday, interest rates actually started to decrease from the high. The high actually got on Monday and Tuesday as high as in the mid 6% ranges but after Wednesday and then by the end of the week, they started to come down into the high 5%. The reason for that is the market already priced in that rate increase and they also priced in a little bit of…

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