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
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
Friday, May 8, 2020, the market learned that job loss from “Shelter in Place” orders during April were as feared – the worst since the
In residential markets, demand has strengthened recently as mortgage applications for a home purchase increased for the third week in a row, rising 7% from the prior
The COVID-19 outbreak came during our most technologically advanced age; however, there are some decades old infrastructure items that are keeping us connected today –
Housing starts in the USA (seasonally adjusted annual rate, SAAR) made headlines for significant declines, falling 22.3% from February to March. Both single family and multifamily starts
Pandemic insurance has become more top-of-mind as states begin to reopen and assess the damage to businesses and commercial real estate – especially hotels, restaurants,
Even as residential markets are in “peak season,” historically speaking, new listings are becoming even more scarce as some potential sellers decide to wait out
Alabama’s new construction market was on a roll leading up to the coronavirus pandemic. Much of the impact is still to be determined, and we learn a
