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To continuing our absorption rate studies for the various Huntsville Real Estate market segments, in this post we present a current market snapshot of East Huntsville city limits. This MLS area includes the Owens Crossroads community and one of the more popular communities in Huntsville, Hampton Cove, which hosts a 630 acre, 54 hole, championship Robert Trent Jones Golf Course surrounded by tall oak, pine and maple trees, majestic green mountains and meandering lakes and offers some of the most attractive golf scenery in Alabama. The following table illustrates this market segment segregated further by price. Note the variety of market conditions (2 comments)
Redstone Construction is booming! Huntsville, Alabama - 04/26/08 06:13 PM
According to the Redstone Rocket, construction is heating up, getting ready for the BRAC movement. Fueled by base realignment and closure, construction is booming at Redstone Arsenal. Funds have been appropriated for 13 projects, most BRAC-related, totaling $543 million. A typical year would have $40 million to $50 million worth. Its a phenomenal amount of construction but were up to the challenge, Joey Skinner, chief of the master planning division in the Garrisons Directorate of Public Works, said.
Thats a little over half a billion dollars in construction weve got going on, public works director Joe Davis said. Thats pretty impressive. (0 comments)
Major news announcement for Madison, Alabama! Oh happy day!! - 04/25/08 06:18 PM
The City of Madison made a MAJOR announcement today, along with Wann Springs Developement Group. We are on board for a major development that sits on 450 acres, north of County Line Road, and I-565. The mixed use developement project will include more than 4,000,000 square feet of shopping, dining, entertainment, residential, hotel and office developement! Ground breaking will begin this summer. Mayor Sandy Kirkindall said "This is the most important economic development project in Madison, Alabama to date". The expected capital investment in the project will be approximately $1 Billion. A large water feature of approximately 20 acres will be at (0 comments)
Mortgage Rates, April 24, 2008 Huntsville, Alabama - 04/24/08 11:05 PM
These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do not include closing costs such as title searches and appraisal fees with a 30 day rate lock period. Solid Earth, Inc. is not responsible for the accuracy of this information and the borrower should contact their own mortgage banker for the latest rates. (2 comments)
It is time for the 22nd Annual Huntsville/Madison County Builders Association's Spring Tour of Homes. The 22nd Annual Spring Tour of HomesSM will be the weekends of April 26 - 27, 2008 and May 3 - 4, 2008 and will be open from 1:00 to 5:00 pm each day. This year there will be 103 homes, located in Huntsville, Alabama, Madison, Alabama, Madison County, Alabama, Limestone County, and Jackson County. If you will visit the HBA web site at: http://www.springtourofhomes.com/ you will find all the information you need, including maps, subdivisions, prices, etc. This year promises to impress! (0 comments)
Mortgage Rates, Huntsville and Madison, Alabama - 04/23/08 09:51 PM
If you are thinking of buying or selling Real Estate in Huntsville, Alabama, now is a wonderful time. Interest rates are still holding steady! Feel free to visit my web site, http://www.huntsville-realestate.net/. You will find wonderful information on Real Estate Market conditions in Huntsville and Madison, Alabama. Be sure to visit the buyer and seller sections. Any question you may have can be answered there! Enjoy! These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do not include closing (0 comments)
Mortgage Rates, Huntsville Alabama April 21, 2008 - 04/21/08 04:24 PM
Rates are still wonderful, so if you have been thinking of buying a home in the Huntsville, Alabama area, now would be a great time! Please feel free to visit my web site, http://www.huntsville-realestate.net/. You will find the latest market reports for Huntsville, Alabama and Madison, Alabama. Be sure to check out all of the wonderful information for buyers and sellers! Elizabeth These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do not include closing costs such (1 comments)
BRAC, Huntsville, Alabama - 04/20/08 06:17 PM
The Huntsville Times published a special insert today entitled the "Impact of BRAC, An Explosion of Growth". It is an exceptional piece of work regarding all things Huntsville and North Alabama. It has eighty eight pages of articles and photos of Neighborhoods, Huntsville Real Estate, Educational Facilities, Economics, Health Care, Recreation, and a section of Personal Experience interviews of some who have already made the move. We have quite a few visitors and feed subscribers related to the BRAC relocation so we bought a number of extra copies. If you are not already a Huntsville Times Sunday subscriber we would be glad (0 comments)
12444 Elmhurst, Athens Alabama - 04/19/08 07:26 PM
Beautiful full brick 4 bedroom, 4 bath, approximately 3,597 sq.ft.home in exclusive Carriage Park subdivision. Granite counter tops, trey ceilings, crown molding, 9' smooth ceilings! Gas log fireplace covered patio. Upstairs bonus room with bath and walk-in attic storage. Isolated master bedroom & glamour bath with double vanity, whirlpool tub & separate shower. Separated Dining room with hardwood floors and crown molding.Outside covered porch with sod yard and sprinkler system. Large lot located in Carriage Park! $389,900 Conveniently located to Madison, Alabama. Just 5 minutes to the new Publix located on County Line Road!
Real Estate Investing, Huntsville, Alabama - 04/19/08 06:51 PM
It's no surprise that the current real estate crunch is hitting some markets harder than others. Wobbling prices and sales volumes have sent a lagging shock to the rental markets, but it has been interesting to note that supply and demand have pushed different markets in different directions. The conventional wisdom has it that foreclosed owners will be scurrying for somewhere to live, pushing up demand and, therefore, rental rates. In some areas this is exactly what has happened. Landlords in these areas are sitting pretty. In other areas, however, the situation is the reverse. Tightness in the financial markets has pushed many (0 comments)
Average sales price versus Price per square foot....Huntsville, Alabama, Real Estate - 04/19/08 06:47 PM
We are often asked why we focus so much on price/square foot instead of average or median sales price when performing our market analysis. This is definitely a good question especially since the whole industry and most real estate professionals use the average sales price measurement. We are most assuredly in the minority here, but there is a good reason. When it comes to supply (homes on the market) and demand (homes sold) there is little difficulty, as these indicators are straight forward unit statistics easily obtained and measured. However, pricing is another matter as some average must be used and all (1 comments)
Huntsville, Alabama, Real Estate - 04/19/08 06:38 PM
I wish to thank several readers who have sent email regarding our Local Market Trend feed and say your comments and compliments are most appreciated! Some have asked us to focus on a more granular profile of the Huntsville Real Estate market by providing some analysis of the main North Alabama MLS areas. So with this post we are going to take a brief look at the Southeast Huntsville Real Estate area focusing on the Single Family Homes segment with a Quarter over Quarter perspective. Southeast Huntsville is a vibrant community nestled on Huntsville's eastern mountains and flowing into the Tennessee (0 comments)
Mortgage rates for April 17, 2008, Huntsville, Alabama Real Estate - 04/17/08 05:27 PM
Here are the rates for the HUNTSVILLE, ALABAMA Real Estate market as of today. Rates have moved up slightly but are still very low! For more information on buying or selling a home in MADISON, ALABAMA, OR HUNTSVILLE, ALABAMA, please visit my website, http://www.huntsville-realestate.com/. You will find market reports for the MADISON, ALABAMA area, and also for HUNTSVILLE, ALABAMA. Be sure to visit the home-buyers and sellers pages. Enjoy! These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do (0 comments)
Rocket City BBQ Contest, Huntsville, Alabama May 2-3rd, 2008 - 04/17/08 10:10 AM
Come visit this great event here in Huntsville, Alabama. Guaranteed fun for all! Come hungry and leave full! The WhistleStop Festival & Rocket City BBQ is a "slice of southern life" and one of the Top Twenty Events in the Southeast for the month of May. You can buy barbeque from award-winning cooking teams! Sign up for the ShadeTree cookers competition and see if you are one of the Valley's best backyard cooks in the amateur division cook-off! There's a pro-division too, sign up for the KCBS cookers competition if you're ready to compete with the best! Enjoy your favorite beverage in the Bill (2 comments)
Panoply, Huntsville, Alabama April 25-27th, 2008 - 04/17/08 10:00 AM
Huntsville is busy gearing up for the annual Panoply Arts Festival. The event takes place in downtown Huntsville at Big Spring International Park in downtown Huntsville. Dates are April 25-27. The gates open Friday the 25th at 5, Saturday at 10 am and Sunday at 1:00 pm. The event is three days of outdoor fun with festivals, demonstrations and fun, all promoting the arts. Panoply is a great family even with activities for children, teens and adults. Stroll through the "Global Village" for hands on workshops and be sure to check out the "Official Alabama State Fiddling Championship," "Homegrown Talent Contest", (0 comments)
Alabama in a great position with foreclosure rates! - 04/16/08 05:32 PM
Sweet Home Alabama! According to Realty Trac, Alabama is in a great position, with foreclosure rates. Our surrounding states did not fair as well. This is exciting news for Alabama. For more market information, please visit my web site at www.Huntsville-Realestate.net Nevada, California, Florida, and Arizona take the top spots for foreclosures in the month of March, 2008 according to RealtyTrac. The speculative markets in these states are still unwinding as housing prices continue to decline. Nevada is the hardest hit with one out of every 139 homes in foreclosure, nearly 4 times the national average. For comparison sake, Vermont which has the (4 comments)
Mortgage rates for April 16, 2008, Huntsville and Madison, Alabama - 04/16/08 02:43 PM
Rates have increased slightly this week. If you have been putting off purchasing due to interest rates, now is the time to buy. For more information on purchasing or selling a home, please visit my web site at http://www.huntsville-realestate.net/. These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do not include closing costs such as title searches and appraisal fees with a 30 day rate lock period. Solid Earth, Inc. is not responsible for the accuracy of (0 comments)
Mortgage rates for April 14, 2008 Huntsville and Madison, AL - 04/14/08 06:33 PM
Rates are holding steady! Feel free to browse my website, www.Huntsville-Realestate.com. You will find market reports and wonderful information for buyers and sellers. Enjoy! These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do not include closing costs such as title searches and appraisal fees with a 30 day rate lock period. Solid Earth, Inc. is not responsible for the accuracy of this information and the borrower should contact their own mortgage banker for the latest rates. (0 comments)
Builder says SELL!!! 205 Silverado Way, Madison, Alabama - 04/12/08 10:38 PM
Gorgeous home located in upscale Whitehall Subdivision. Amazing attention to detail, built by one of Madison's finest builders. You will not be disappointed. Chef's kitchen, luxurious master retreat and a fabulous media room make this home a dream. Please call for a private viewing. The builder says this home MUST go! Currently listed for $689,900 and the builder says SELL! 205 Silverado Way, Madison Alabama Loaded with hardwood, tile, custom built ins, and crown molding. 4 bedrooms 3 1/2 baths, with a 3 car garage. Too many upgrades to mention.
2008 March Market Brief Huntsville, Alabama - 04/12/08 06:52 PM
2008 March Market Brief Taking a brief look at the MLS statistics for March gives us an opportunity to take a snapshot of the Huntsville Real Estate market and evaluate evolving trends. The statistics we will use in this analysis are only for the single family home segment of the market. Thus in this post we will take a brief look at March's year over year supply, demand, and price dynamics to get a feel of how our area's market is performing. A brief look at March's year over year statistics indicates: overall supply has increased by 1.25%, demand has decreased dramatically year (0 comments)
Mortgage rates for April 11, 2008 Huntsville and Madison Alabama - 04/11/08 09:28 PM
If you are thinking of buying or selling in the Huntsville Alabama area, or Madison Alabama, feel free to visit my web site http://www.huntsville-realestate.net/. You will find local market trends, inventory rates, buyers and sellers tools and much more! These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do not include closing costs such as title searches and appraisal fees with a 30 day rate lock period. Solid Earth, Inc. is not responsible for the accuracy (0 comments)
Open house Sunday April 13th, 2-4, Madison Alabama $199,900 - 04/10/08 09:05 PM
215 Rockview Court, Madison Alabama. Directions:N on Research Park Blvd, L on BLake BOttom, R on Jeff RD,L on Nick Davis, L on Deer Foot, R on Rockview Way INCREDIBLE HOME, INCREDIBLE LOCATION, Ah-Inspiring Home in great location and within the NEW LEGACY SCHOOL DISTRICT - Full Brick, Maintenance-Free Exterior on Cul-De-Sac Street this home offers 3 Bedrooms, 2 Full Baths, Open Floor Plan w/Large Family Room w/Gas Fireplace,Formal Dining Room w/Hardwood Flooring, Family Sized Eat-In Kitchen with Breakfast Bar,Food Pantry + Tiled Flooring, Isolated Master Suite w/Glamour Bath. No Back Door Neighbors on Private Lot, 2-Car Garage and Move-In Ready! (2 comments)
Mortgage Rates for April 10, 2008 Huntsville and Madison Alabama - 04/10/08 03:35 PM
I am starting to feel like a broken record each time I post the mortgage rates, but they typically change daily. I have not seen much of a change, but today, pay-dirt! If you will notice, one lender has rates for a 30 year fixed of 5.375. That is incredible! If you are still "thinking" of buying, there is no better time than now! Please feel free to visit my web site...www.Huntsville-Realestate.net. You will find local market conditions, buyer and seller guides and much much more! Enjoy! Elizabeth These are the latest available mortgage rates for home mortgage loans at financial institutions in (0 comments)
Mortgage Rates for April 8, 2008 Huntsville and Madison Alabama - 04/08/08 08:39 PM
Todays interest rates show a slight dip with most lenders! It seems as if rates have been holding steady, between 5.5 and 5.625 for the past week or two. On my web site, http://www.huntsville-realestate.com/, you will find many sources of great information for both buyers and sellers. I keep all the market trends, with current inventory rates. Please feel free to visit my web site soon! Elizabeth These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do (0 comments)
Mortgage Rates for April 7, 2008 Huntsville, Alabama - 04/07/08 08:13 PM
Todays mortgage rates are holding steady. We haven't seen a large up or down swing for a couple of weeks now. If you have been putting of the home buying process, now would be a fantastic time! Feel free to check my web site http://www.huntsville-realestate.com/. You will find a lot of useful information for buyers and sellers, including the local market conditions and current inventory rates! These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do (0 comments)
Completely remodeled 4 bedroom 3 bath in Madison Alabama! - 04/05/08 08:00 PM
LOCATION, LOCATION, LOCATION - Madison City Schools and only minutes from Research Park, RSA and the New "BRIDGE STREET." Total Renovation on this 4 Bedrooms, 3 Full Baths, Family Room, Large Open Kitchen, Sun Room, and Bonus Room on 2nd Level. Recent Updates include: Roof, Siding, Carpeting, Flooring, Exterior and Interior Painting, Garage Door, Lighting and Appliances. Beautiful Treed and Private Lot, 2-Car Garage 8221 Old Madison Pike, Madison, Alabama Offered at only $219,900! www.Huntsville-Realestate.com (6 comments)
Mortgage rates for April 4, 2008 Huntsville, Alabama - 04/04/08 07:01 PM
Rates went down a bit today. 5.50 with most local lenders here in Huntsville. This is a perfect time to buy! With home prices down, and interest rates at an incredible low, that is a win win combination! If you have been waiting for the perfect opportunity, I think you have found it! Many sellers and builders are more motivated than usual, so with low rates and sellers willing to negotiate, this is the time to take advantage of the market. Feel free to visit my web site, www.Huntsville-Realestate.com. You will find several areas of interest I am sure! These are the latest (0 comments)
I was sent this information today from an REO company that I worked with in Nashville and thought I would pass it along. I think the $15,000 tax credit is an interesting idea, but wonder what it will do to existing home sales that aren't in foreclosure in areas with high foreclosure inventories. In the grand scheme of things, if it helps to clean up the market, I suppose it will be a good thing, but time will tell, most definitely! Fed Chairman Ben Bernanke Addresses Stability of Housing Market In testimony in front of the Congress' Joint Economic Committee this morning, Ben (3 comments)
Mortgage Rates for Huntsville and Madison Alabama, April 3, 2008 - 04/03/08 06:44 PM
These are the latest available mortgage rates for home mortgage loans at financial institutions in the MLS coverage area. Most rates are based on a $100,000 mortgage and 10 percent down payment. These rates do not include closing costs such as title searches and appraisal fees with a 30 day rate lock period. Solid Earth, Inc. is not responsible for the accuracy of this information and the borrower should contact their own mortgage banker for the latest rates. Rates are still holding farily steady! This is still a wonderful time to by. Feel free to visit my web site, www.Huntsville-Realestate.com. (0 comments)
Looks like we did it again Huntsville! Money magazine announced that Huntsville is in the top 100 places to live, again! What makes Huntsville so attractive is the fact that it is a technology and strong engineering hub. Now a NASA hub, the city is a lively place for engineering and tech startups. Boeing and Toyota both have branch offices here, and our workforce is well educated Cummings Research Park is the second largest research park in the country! Coming soon is the HudsonAlpha Institute for Biotechnology's. It is a $135 million dollar project, partly owned by the state of Alabama. More than a (4 comments)
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