Residential Alabama

    Alabama Real Estate Evaluation:  The Real estate housing market is expected to require at least 3.8 million family houses to fulfill the rising demand. For the first-time homeowners are buying property in Alabama since interest rates have plunged due to pandemic. In the first quarter of the year 2021 home sales have risen approximately 24% with 7000 closed deals. Whereas listed homes sales decreased 47 % because housing inventory has declined year-over-year for 73 consecutive months reflecting a market where sellers generally have elevated bargaining power. The statewide median sales price increased up to  7% in March. ACRE recommends consulting with a local real estate professional to discuss pricing, as it will vary from neighborhood to neighborhood. ACRE forecast the total number sales of 17,087 sales in the state, while there were 17,050 actual sales through March, a difference of 0.2%. The total sales of home construction increased 20.6% year-over-year, pre...

We are here to help you with comprehensive real estate estimations of the US market trends  to facilitate the needs of the investors. The housing market can be fastened this year in Alabama since home prices are soaring new boundaries due to a continued surge in demand. Let’s take a look at the predictions for real estate experts this year. Since, house rates surged up to 16.2% in 2021 which can give the push to the US real estate market. When new buyers enter the market the market is unlikely to meet demand for houses for sales in the US. According to a recent report from the Wall Street Journal, the housing market would need at least 3.8 million single-family homes to meet demand. Realtors in Alabama state that first-time homeowners are buying because interest rates are low. More people can be seen in records for searching property in Alabama . Economic predictions for Alabama real estate industry 2021 This year, there will be a steady recovery of the economy however next year i...