Alabama Center for Real Estate

Listen to ACRE Director of Research KC Conway on the Appraisal Institutte's AI Answers podcast.

The list is comprised from an annual study conducted among the Counselors’ members and is intended to bring attention to the trends and burgeoning issues most impacting the commercial real estate industry in the near-term and long-term.

New home sales represented 15.7% of all residential sales in May, up from 12.4% one year ago.

KC Conway shares his analysis and interpretation of current economic data and its impact on the real estate market on both a local and national level.

Sales are now down slightly (-0.2%) year-to-date, and are likely to decline in the months ahead due to the growing economic impact of the COVID-19 pandemic.

The Alabama Housing Finance Authority (AHFA) has taken action to help Alabama families affected by the COVID‐19 pandemic by reopening Hardest Hit Alabama (HHA). 

New construction sales increased in seven of the 11 markets reporting closed sales activity for May.

According to recent data from the U.S Census Bureau, the number of adults living with a parent or grandparent hit 32 million in April, a record high.

While valuation uncertainty rises during peaks and troughs to market cycles, lenders and investors still struggle to define the new normal and determine where it is safe to re-enter the market as there is less transaction activity and transparency to redefine the value trends. 

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 nation.