This months most expensive home sale reported by the Birmingham Multiple Listing Service is located on Red Mountain in the Redmont area of Birmingham, Alabama. The home sold for $2,700,000. It was built in 1922 and is situated on six acres. This area has a lot of historical homes with beautiful architecture. It has a […]
Birmingham AL Real Estate Shows Positive Growth For April 2010
June 1, 2010 By 2 Comments
There is good news for the Birmingham, AL real estate market. Home sales showed a positive trend in April 2010, over 2009. The Alabama Center for Real Estate (ACRE) reported that April sales were at 1,061, compared to 887 for last year. The first time home-buyer tax credit most likely had a lot to do […]
Shelby County Alabama Property Values Decline
May 23, 2010 By 4 Comments
Shelby County tax assessors recently released their latest reassessments for 2009 and the results revealed that property values have declined for the first time in many years. Both ends of the value spectrum have been affected. From starter home subdivisions like Ironwood to upscale neighborhoods like Greystone and Highland Lakes. According to the report 80% […]
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 […]
Shadow Inventory-What It Is And How It Affects You
May 9, 2010 By 8 Comments
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 […]
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