Alabama Center for Real Estate

Residential markets nationwide and in Alabama faced inventory shortages for several years before the pandemic, and one of the more notable outcomes thus far is the effect on residential listings. ...

New home sales represent a significant portion of all residential sales nationwide, usually around 10-12%.

Economic data from April 2020 showed a quick decline in overall business activity across the nation.

Danielle Hale, chief economist for Realtor.com, recently released a revised economic and housing forecast. 

During the NAR Virtual REALTORS® Legislative Meetings held May 11 - 15, 2020,  Dr. Lawrence Yun, chief economist for NAR, analyzed the impact of the coronavirus pandemic to residential markets in the ...

With the March 2020 sales data largely unaffected by the pandemic, this is the “first month” so to speak when measuring the impact of the coronavirus with closed sales activity. ...

Buyers are incentivized by historically low rates, but finding (and financing) that new house has become somewhat more challenging in the COVID era. 

Going against national trends, single family building permits in Alabama increased 1.2% month-over-month and 21.2% year-over-year.