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3rd Quarter Alabama Real Estate On the Upswing

by The Hat Team

I think 2014 is going to be a fabulous year for Alabama real estate. As a matter of fact,  I think  we’re  going  to  have  a  better  year  than  some  people  are  even  projecting.  Frank  Nothaft,  the  chief  economist at Freddie Mac put  it this way: We expect single family home sales and housing starts to be at the highest level since 2007, the highest level in seven years. 2012 and 2013 were pretty good years, but 2014 will blow those numbers away.

Let's look at what the Alabama real estate did in the 3rd Quarter of 2013.

Pricing

The FHFA 3rd Quarter Report broke down the numbers by sections of the country with the East South Central region showing a 4.89% increase in prices.


The same 3rd Quarter Report shows Alabama home prices increased 5%.

pricing

Days On Market

The average days on the market for an Alabama home was 86 days.

days on market


Months Of Inventory

Nationwide, the housing inventory is coming back to normal.

real estate

Search all Montgomery AL Real Estate And Homes For Sale.

Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.

Interested in buying a bank-owned home? Get bank-owned listings alerts FREE!

You can reach Sandra by filling out the online contact form below or give her a call anytime.

 

 

 

 

 

Positive News For Alabama Real Estate Market

by The Hat Team

We hear so much doom and gloom these days, I wanted to share with you information from one of our most trusted lenders, John Herzog CMB, Vice President/Regional Manager:

Last week was a very good week for interest rates and this week has begun on a positive note. It would appear with lenders applying better credit standards and underwriting guidelines that we are regaining the confidence of mortgage investors from abroad as well as domestically.

I am very encouraged that we have seen the bottom of the housing slump in Alabama and in fact we are at the beginning of leading the nation back to stability in the real estate markets.

Some areas of the country will continue to decline for months to come, but for the vast majority of America, and especially Alabama, activity and new loan applications are on the increase. Stay positive and have a great week.

If you are ready to take advantage of the bottom of the real estate slump and buy a Montgomery home while prices and interest rates are low, visit HatTeam.com or give us a call at 800-428-5239.

Search all Montgomery homes for sale.

 

Alabama Home Sales Rise

by The Hat Team

Alabama's existing home sales increased in February by 14.7 percent with 4,069 homes sold, according to The University of Alabama's Real Estate Research and Education Center.

The average prices also rose in February to $155,632, an increase of 3.3 percent from the previous month. There were 36,702 homes listed on the market in February, representing a nine-month supply of homes in Alabama.

There are many more homes for sale  this year than last year, but the market appears to be able to handle the growth. This year is starting out to be another solid year for home sales in Alabama. 

Midtown Montgomery market statistics can be found on our website.

Bright Outlook For Alabama Economy

by The Hat Team

The Central Alabama Business Journal reports a bright economy for Alabama in the next few years. We have lagged behind the rest of the country in the last few years, but that has changed and we are ahead of the national averages.

Alabama’s population and median family incomes are topping the country’s gains. Our median family income has been inching closer to the national median of $62,400 and now at $51,400 is 86 percent of the national median – the state’s highest reading.

The state’s overall economy is forecast to grow 2.5 percent in 2007, just ahead of the Global Insight’s 2.4 forecast for the country. But, according to University of Alabama’s Center for Economic Research, the state’s economy could easily hit 2.9 percent.

The report also states Alabama real estate is undervalued in most cities, making us a great place to invest. If you are interested in buying Montgomery real estate, visit EmailMontgomeryAlabamaHomes for an automated email home search. Or, contact us, 800-428-5239, for your Montgomery real estate needs.

Central Alabama Buniness Journal full report...

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