Whenever anyone asks me how the real estate market is doing in the Birmingham, AL area I am quick to point out that while there is still a long way to go before we get back to the glory days we do have some good things happening. Up until about 12 months ago, whenever I […]
Is there a shift in the Birmingham, Alabama real estate market?
August 27, 2013 By Leave a Comment
I want to share with you an observation I had this past week while working on an appraisal assignment. I first want to preface this post by saying that one neighborhood does not make a market, and just because one subdivision is acting a certain way does not mean that the whole Birmingham area will […]
An interesting trend in the Birmingham, Alabama real estate market
February 13, 2012 By Leave a Comment
I have noticed an interesting trend in the Birmingham, Alabama real estate market. The trend involves the segmentation of the market in various areas, but mainly where foreclosure activity is prevalent. I noticed it most recently in the Centerpoint area of Birmingham. The segments include the following: foreclosures “normal sales” and flip properties The “normal” […]
The Down and Dirty on Foreclosures
November 1, 2010 By 6 Comments
If you keep up with the news you know that foreclosures dominate the headlines. It is an unfortunate thing but something appraisers must consider. People ask me all the time about why I must use foreclosure sales in the appraisals I do. What I tell them is that in many real estate markets foreclosures are […]
Alabaster, AL Foreclosures: Would You Buy This Home?
May 16, 2010 By 8 Comments
I was doing some appraisal work in Alabaster, AL recently and came across this home. It made me think of an article Ryan Lundquist recently wrote. He writes a blog about the Sacramento, CA market. This particular post discussed how some foreclosure properties have not been kept up and have overgrown weeds and grass. This […]
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