Statewide Summary: Home sales in the state declined in August as escalating mortgage rates softened buyer demand. Sales declined 11.3% year-over-year and are down 6.4%
Sales: According to the Greater Alabama MLS, July home sales in the Birmingham area decreased 18.9% year-over-year (Y/Y) from 1,742 to 1,412 closed transactions. Following
Rising construction costs 2022 Inflation isn’t a new concept in construction. In fact, it’s part of many projects and is difficult to avoid. But now,
Sales: According to the Alabama Association of REALTORS, July home sales in the state decreased 1.5% year-over-year (Y/Y) from 7,714 to 7,601 closed transactions, ending
The prices of homes in the US have been increasing at great rates, currently at the “fastest rate on record.” While it is concerning for the average
Sales: According to the Alabama Realtors, December new home sales in the state increased 31.9% year-over-year (Y/Y) from 860 to 1,134 closed transactions, marking a record high
Christopher Lee, president and CEO of CEL & Associates, will be speaking at the 21st annual commercial real estate conference (ACREcom) on February 26, 2021, held on the
Following a year full of surprises, many organizations in the real estate industry expect a “return to normal” during 2021. In 2020, the historically busy
Driven by higher valuations for 9 of 13 categories, the Green Street Commercial Property Price Index* (CPPI) for all property types increased 1.8% month-over-month in November.
The housing sector has been quite resilient in an overall down economy, with low mortgage rates and a desire for more space leading to elevated
