The Alabama Center for Real Estate (ACRE) recently released residential building permit figures. I have compiled the numbers and charted it as you can see below. These figures keep track of permits issued for construction of new homes. As you can see from the chart, which covers May of 2007 through November 2010, the number […]
What Can Four Years of Birmingham, Alabama Building Permit Statistics Tell Us?
February 7, 2011 By 4 Comments
Birmingham, AL Real Estate Appraiser FAQ: Can a Conventional Appraisal be Converted to an FHA Appraisal?
February 4, 2011 By 5 Comments
I get this question quite a bit, and the short answer is “yes”. There are some conditions for how this is to be done however, depending on the situation. The most typical case would be where the borrower was purchasing a home with a conventional loan but then changed to FHA financing. If the loan […]
What Realtors Can Do When They Disagree With An Appraisal
January 31, 2011 By 12 Comments
I’ve been asked by Realtors numerous times recently about what they can do if they do not agree with an appraisal value. The creation of the HVCC in 2009 made it difficult for the Realtor, loan officer, and appraiser to communicate as freely as they had in the past. This was done primarily to prevent […]
Top 5 Subdivisions for New Construction in Shelby County, Alabama
January 28, 2011 By 4 Comments
What’s happening with new construction in Shelby County, Alabama? With all of the talk of foreclosures, short sales, and declining property values we tend to lose sight of the positive things occurring in the Shelby County, Alabama area. Not all builders have folded and gone out of business, there are still some that are working […]
Alabaster, Alabama Home Sales Statistics Update: December 2010
January 26, 2011 By Leave a Comment
The Birmingham, Alabama Multiple Listing Service recently released its Alabaster and Calera, Alabama sales statistics for December of 2010. Most of the numbers are not very positive, however you do need to keep in mind that these statistics are for both areas combined and include all price ranges and property types. Individual neighborhoods will vary […]
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