New Tax on Good Credit | Huntsville, AL Real Estate News

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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Housing Crisis | How Did We Get Here?

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…

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Exploring Madison City Schools | The History, Growth, & Success of Madison City Schools

The History, Growth, & Success of Madison City Schools

In this FAQ video, Erica DeSpain from All Things Madison and Matt Curtis from Matt Curtis Real Estate delve into what makes Madison City Schools one of the best school districts in the state of Alabama and answer frequently asked questions about the Madison City Schools district. As a top-performing district, all schools within the system have received an ‘A’ rating from the state department of education. With equal opportunities for students and appointed school board members, Madison City Schools offers a unique and successful approach to education. Join us as we explore the history, growth, and success of Madison City Schools, and learn why it's an excellent choice for families looking for a…

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Matt Curtis Real Estate Teams Up with Kids To Love Foundation to Bring a Child Home

The Kids to Love Foundation is getting a generous gift from Matt Curtis Real Estate that will directly impact Kids to Love’s ability to help children placed in foster care.

Matt Curtis Real Estate is investing $100,000 in Kids to Love’s Child Placing Agency, specifically supporting case managers who work to match foster families with children in care.

A $50,000 check presentation took place Tuesday, November 1st at the Kids to Love Center in Madison. Matt Curtis has committed the other $50,000 over the next year as part of Matt Curtis Real Estate’s Love Thy Neighbor program.

“We’re thankful and humbled that God has opened up the door to serve alongside the mission of Lee Marshall and Kids to Love,” Matt Curtis said. “Our vision at Matt…

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Where Are Interest Rates Heading? | Huntsville, AL Real Estate News

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…

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Are Huntsville, Alabama Homes Overvalued? | Huntsville, AL Housing Market News

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…

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