You may wonder what I am referring to when I state “The Good, The Bad, and The Ugly in Shelby County Home Sales”. I am referring to new home sales, foreclosure sales, and the percentage of foreclosures compared to total sales activity in the Shelby County, Alabama area. By looking at these figures we can [...]
Entries Tagged as 'Foreclosures'
The Good, The Bad, and The Ugly in Shelby County Home Sales
August 3rd, 2011 by Tom Horn · 4 Comments · Market Trends
Tags:Alabama·Foreclosures·Home Sales·House Sales·new construction·Sales Statistics·shelby county
Birmingham Alabama Appraiser : Hoover Alabama-Greystone Market Trends-2010 Update
January 6th, 2011 by Tom Horn · 2 Comments · Market Trends
I recently did some market research in the Greystone development of Hoover, Alabama for an appraisal assignment I am working on. This development is one of the more popular subdivisions in the Hoover, Alabama market. The neighborhood surrounds a championship golf course that has hosted The Seniors Tour in the past. Although the Greystone development [...]
Tags:Alabama·Appraisal·Appraiser·declining value·Foreclosures·Greystone·Greystone golf course·Hoover·Market Trends·property values·Short Sale
Birmingham, Alabama Home Sales-Least Expensive Home Sale in October-2010
November 5th, 2010 by Tom Horn · 5 Comments · Market Trends
In the past I have been telling you about the most expensive home sale in the Birmingham, Alabama area, however this month I thought I would look at the opposite end of the price range and look at the least expensive home sale. Foreclosures are all over the news now, and as you may surmise, [...]
Tags:Alabama Market trends·Alabama Property Values·Alabama Real Estate Market Trends·Birmingham Alabama Real Estate Appraiser·Foreclosures·Market Trends
So You Think You Know What a Foreclosure Looks Like, Huh?
June 12th, 2010 by Tom Horn · 4 Comments · Appraisal, Market Trends, Photos From The Field
I’ve talked about foreclosure properties in previous posts and how they are providing competition to non foreclosure properties. It really is something you have to consider when pricing your home. As appraisers we look at past sales and current active inventory. If there are other properties for sale that are similar to yours and in [...]
Tags:Alabama Market trends·Alabama Real Estate Market Trends·Foreclosures·Market Trends
Shadow Inventory-What It Is And How It Affects You
May 9th, 2010 by Tom Horn · 8 Comments · Market Trends
To some, the phrase ‘Shadow Inventory’ conjures up dark images and impending doom, kind of like the Darth Vader character from Star Wars. You may not have heard of shadow inventory as it is not mentioned too much in the mainstream media. I’ve seen several definitions of shadow inventory, however it typically includes all the [...]
Tags:Alabama home values·Alabama Market trends·Alabama Property Values·Alabama Real Estate Market Trends·Birmingham Foreclosures·Birmingham REO·Foreclosures·Market Trends·REO·Shadow Inventory
An Alternative to Selling in A Slow Market
March 25th, 2010 by Tom Horn · 4 Comments · Appraisal Tips, Market Trends
As an appraiser I estimate value. My estimate is based on several different methods, however the approach that is usually given the most emphasis is the market approach. This approach, which is also known as the sales comparison approach, utilizes recent sales of similar homes within the subject property’s market area. In today’s economic climate [...]
Tags:AHI Corporate Housing·Alabama·Birmingham·Declining Values·Foreclosures·Jefferson County Alabama·Lease·Rent·Shelby County Alabama·Thomas Horn·Tom Horn
