Alabama Center for Real Estate

Sidewalk aims to be to not only to enhance the culture of Birmingham but also to be a strong economic impact to the area.

Heidi Smith, Tennessee Valley Authority (TVA) General Manager, Global Business, will be the keynote speaker at the 2^nd Annual NALCOM CRE Forum on October 23, 2019 in Huntsville, Ala.

For this month’s market spotlight, we are turning our attention towards Mobile, a region that utilizes its abundant natural resources, prime location, and diverse workforce to support its thriving economy.

According to money.com, Auburn and Hoover were both ranked in the top 100 best places to live in America. Auburn placed No. 66 on the list and Hoover came in ranked at No. 84.

The Alabama Center for Real Estate created these rankings based on year-over-year (Y/Y) growth in total residential sales during August.

While Alabama’s permits are up 4.1% year-to-date (YTD), they are down 2.2% in the south region and down 4.7% nationwide, hinting that new construction markets in Alabama are going against regional and nationwide trends.

Since 2008, inventory has consistently trended downwards with approximately 23,600 listings in 2018, a decline of 42.8% from peak levels and a 9.4% decrease from the previous year.

As total wages and salaries in Alabama have been on a steady climb since 1998, the cost to purchase a home has shown a similar pattern of growth.

The Alabama Center for Real Estate created these rankings based on new construction as a percentage of total residential sales during August 2019.