Sales: According to the Cullman Association of Realtors, April residential sales decreased 13.9% year-over-year from 101 to 87 closed transactions. Following seasonal trends, sales increased 4.8% from
Sales: According to the Shoals Area Association of Realtors, April residential sales increased 30.9% year-over-year from 136 to 178 closed transactions. Following seasonal trends, sales decreased 10.1%
Sales: April home sales in the Birmingham area decreased 13.6% year-over-year from 1,513 to 1,308 closed transactions. Going against seasonal trends, sales were down 4.8% from
While valuation uncertainty rises during peaks and troughs to market cycles, lenders and investors still struggle to define the new normal and where (market, property
During the National Association of Realtors (NAR) Virtual REALTORS® Legislative Meetings held May 11-15, 2020, Dr. Lawrence Yun, chief economist for NAR, analyzed the impact of the
Sales: April home sales in the Tuscaloosa area decreased 8.3% year-over-year from 265 to 243 closed transactions. Going against seasonal trends, sales were down 8.6% from
The economic fallout of the coronavirus pandemic continues to unfold. The impact to the nation’s job market has been quick and historic as the unemployment rate spiked
The automotive industry is material to the Alabama economy. These plants were not excluded when manufacturing facilities across the United States shut down during the
Editor’s Note: All information in this article reflects data provided to the Alabama Center for Real Estate for the time period March 1 – 31,
Friday, May 8, 2020, the market learned that job loss from “Shelter in Place” orders during April were as feared – the worst since the
