Birmingham Appraisal Blog

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Entries Tagged as 'AL'

A look at 10 years of unemployment in Shelby County, Alabama

May 7th, 2012 by Tom Horn · 2 Comments · Appraisal, Market Trends

An announcer on the radio several days ago stated that interest rate are at their lowest level ever, going back to when they began keeping records.  This is very good news for home buyers but it makes me wonder if it will have a significant impact on home sales.  Interest rates have been low for [...]

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A Look At The Absorption Rate In Pelham, Alabama, Ballantrae Subdivision-Pt. 2

January 4th, 2012 by Tom Horn · 6 Comments · Appraisal, Market Trends

We took a look at the entire Pelham, Alabama market with the last blog post I wrote.  Today we are going to narrow things down a bit to the subdivision level and even a certain style of home.  Of the 222 sales that occurred in Pelham, AL from 12/15/2010 to 12/15/2011, 59 sales occurred in [...]

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A Look At The Absorption Rate In Pelham, Alabama, Pt. 1

January 2nd, 2012 by Tom Horn · 11 Comments · Appraisal, Market Trends

You may have heard the term “Absorption Rate” before but not really know what it means.  The absorption rate is a measure of  how long it will take to sell the current inventory of homes in a given market.  This market can be on a large scale such as for the entire country, or it [...]

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Birmingham, Alabama Home Sales-Most Expensive Home Sale YTD-November 2011

November 21st, 2011 by Tom Horn · 2 Comments · Appraisal, Market Trends, Photos From The Field

It’s been a while since I looked at the most expensive home sale in the Birmingham, Alabama area.  I took a break from this subject for a while but then discovered this was a pretty popular search topic for readers of my blog, so  I decided to revisit the “most expensive home sale” and see [...]

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Waterford Subdivision, Calera, AL-2011 Price Trend Update

July 11th, 2011 by Tom Horn · No Comments · Market Trends

If you live in the Waterford subdivision in Calera, Alabama and have been wondering how property values have been doing, I may have the answer for you.  I was in the subdivision recently working on a job and collected some interesting sales data.  For those not familiar with this neighborhood, Waterford subdivision is located in [...]

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Will The Pleasant Grove, Alabama Tornadoes Have an Impact On Property Values?

June 3rd, 2011 by Tom Horn · 2 Comments · Appraisal, Market Trends

I was in Pleasant Grove, Alabama yesterday working on an appraisal for an insurance company.  Everybody says that the pictures you see on television do not do justice to the magnitude of destruction these tornadoes caused, and I agree.  Homes were ripped from their foundations and trees were uprooted as the massive tornado made its [...]

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The Pre-Listing Appraisal: A Smart Choice in Today’s Market

March 1st, 2010 by Tom Horn · No Comments · Appraisal

People may think that I believe this because I am an appraiser, but it truly makes sense.  I have seen it happen numerous times.  A house is selling and everything has been done: contract, title, home inspection, etc. and the last thing is the appraisal.  Unfortunately sometimes the value just isn’t there, and the deal [...]

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