Athens (Limestone County)
Stuart Norton
October 22, 2020
As measured by the Alabama Housing Affordability Index (AHAI), housing affordability in the state declined 5.3% quarter-over-quarter. Although median family incomes were on the rise in 7 of 12
With 10 of 13 markets reporting new construction sales data for June 2020, it appears likely that new home sales will surpass the 1,000 mark
A recent weekly economic and housing market update from Realtor.com touched upon a few positives for the nation’s housing market. Pending home sales increased 44.3% month-over-month while mortgage applications
While total residential sales in Alabama decreased 15% year-over-year in May, new home sales increased 7.2% Y/Y from 795 to 852 closed transactions. The median sales price
With 11 of 13 markets reporting new construction sales data from May, it is likely that total new home sales will increase around 1-2% from one year
The impact thus far of COVID-19 to residential real estate has been significant. Residential sales activity slowed in Alabama and in the United States during
Note: This article provides a preview of closed sales activity during May, which provides limited insight regarding the impact of the pandemic to residential sales
According to George Raitu, senior economist with Realtor.com, economic headlines for the week ending May 29, 2020, were somewhat mixed. While GDP was revised downward for
New home sales represent a significant portion of all residential sales nationwide, usually around 10-12%. The new construction industry is also a significant part of
