December 28th, 2011
In a review this week by the Alabama Center for Real Estate, Alabama's residential sales increased over 12% in November when compared to last year at this time. This marks the first November over November real estate growth for Alabama in 2 years. According to the National Association of realtors, Alabama (12.6% growth) slightly outpaced [...]
December 15th, 2011
As reported this week by the Alabama Center for Real Estate (ACRE), Alabama's inventory of new homes has dropped by 24% this October when compared to October 2011. Data was collected from Alabama's major metro markets, and every market experienced double-digit percentage drops in new home supply this October. The median price of home sales [...]
December 14th, 2011
According to Freddie Mac, mortgage rates have dropped for the 30-year loan to 3.94% which matches the record set in early October. Down from 3.99%, this week's drop seemed to be fueled by investment activity in the Treasury bond market. The 15-year followed suit, dropping to a new record low of 3.21% as well. Low [...]