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 […]
So, How IS The Birmingham, Alabama Real Estate Market??
April 30, 2012 By 4 Comments
Funny you ask. I get asked this question a lot and I have my own thoughts, but it’s nice to know that other professionals agree. In addition to experiencing the local Birmingham market from a first hand experience, I read a lot of market data to assist me in my real estate appraisal business. Local […]
What 5 Years of house sales can tell us about property values in the Highland Lakes subdivison of Shelby County Alabama
April 19, 2012 By 2 Comments
The Highland Lakes subdivision in Shelby County, Alabama is not unlike other neighborhoods around Birmingham. It has also been effected by the slowdown in the real estate market and the downward trend in property values. Over the past 5 years the total number of sales have decreased as well as the number of home sales […]
Then and Now: Comparing Alabama’s Peak Years To The Current Market-Part 2
April 17, 2012 By Leave a Comment
In my last post I looked at how the current real estate market in the Birmingham, Alabama area is performing compared to peak years in the past by analyzing the median price and number of sales that have occurred. Data has been taken from reports published by the Alabama Center for Real Estate (ACRE). This […]
Then and Now: Comparing Alabama’s Peak Years To The Current Market-Part 1
April 11, 2012 By 2 Comments
As a real estate appraiser in the Birmingham, Alabama market I am very interested in how the housing market is performing. While we still have a long way to go to reach the levels we attained years ago, I do believe 2012 will turn out to be a year that shows positive trends in that […]
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