Midtown Montgomery Real Estate Market Trends - August 2013
The cost of buying a Montgomery AL home is going up. What's behind the rise in interest rates? Is now still a good time to buy? Here's an interesting video explaining a little bit about why mortgage rates are rising. There's also a little bit in here about how "staying on the fence" could lead to a higher monthly payment.
Rates are still historically low and it's a great time to buy. Wondering if now is the time for your to buy a Montgomery AL home? Give us a call! We’ll help lay out your options so you can make an informed decision.
Take a look at sales figures in our local real estate market for July 2013.
Midtown Montgomery real estate sales statistics for July 2013 show the number of homes sold decreased by 6% when compared to July 2012. The average sales price increased by 9% to $137,013 for the month. The median sales prices increased by 5%, and market times decreased by 9 days from July 2012. The highest selling home price increased by 31%, and the lowest selling home price increased by 40% from July 2012.
| Midtown Montgomery | July 2013 | July 2012 |
| Homes Sold | 33 | 35 |
| Average Selling Price | $ 137,013 | $ 125,325 |
| Median Selling Price | $ 107,500 | $ 102,500 |
| Days On The Market | 109 | 118 |
| Highest Selling Price | $ 750,000 | $ 517,500 |
| Lowest Selling Price | $14,980 | $ 9,000 |
For the latest Midtown Montgomery real estate market conditions in your area, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.
Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed.
In the case of a couple having a joint mortgage, the death of one spouse will simply mean the other spouse becomes the sole mortgage-holder. As long as she can continue making the payments, the property will be unaffected. Federal law prohibits the lender from calling the entire mortgage due because one spouse has passed away. 
It isn’t difficult to get into the real estate investing world. In fact, it’s rather easy. But it does require being smart and dedicated—and avoiding easy-to-make mistakes. These tips for a first time real estate investor should be beneficial in helping you become more knowledgeable and competent in sidestepping common pitfalls.
real estate, and sellers are far more likely to accept those fast-moving cash deals than one involving an FHA loan, the preference of many first time purchasers of 
Home prices have gone up considerably in almost every market in the country in the past year and while inventories are beginning to grow, prices are expected to continue to rise. Mortgage rates jumped 1% from the beginning of May to now. They could easily reach 5% by the end of the year and continue to rise in 2014.
