Thursday, August 30, 2012
Homes of Huntsville, Huntsville AL MLS
Homes of Huntsville: While I like the Wheeler area for future growth, the schools and traffic are points of concern
August 30th, 2012 3:00 PM
While I like the Wheeler area for future growth, the schools and traffic are points of concern. If I was looking for a house to live in and had k - 8 children I would look elsewhere. As a long term investment the area should be fine. It will however take a year or two for the schools to improve and for the road improvements. In 2003 - 2004 James Williams Elementary lost a great, long term principle and the school began to decline. The Huntsville school system also hired the school system superintendent that was replaced last year. This previous superintendant was a horrible failure. The school system went into debt and test scores in many schools dropped. Last year the city hired Casey Wardynski as the new superintendant. He found some serious problems in the system including fraud and nepotism. After firing a lot of personnel the school system now has a multi-million dollar surplus. While some area schools will never be good, the Wheeler area is experiencing so much growth of upscale homes I believe that the schools will eventually become some of the better in Huntsville. I pointed out the Zeona house as a possible candidate after a search of the MLS didn't turn up any other candidates. I think the price and cash flow are decent and the long term prospects are good. Given time and patience I'm certain we can do better. We are working another offer on the house and appear to be close on an agreement. The link below is to an old listing of the house. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116290318 The link below is to the correct satellite image of the house. If it is a candidate for you We will get fresh photos of the house, neighborhood and area. We will also do a more through research for you. https://maps.google.com/maps?q=242+DE+JAN+ROAD,+MADISON,+AL+35758&hl=en&ll=34.740661,-86.783645&spn=0.000762,0.001318&hnear=242+De+Jan+Rd,+Madison,+Alabama+35758&t=h&z=20 We have had the house as a rental since 07/05/06 and it has been a stable rental for us. It usually rents pretty quickly at $1,195. The link below is to a summary of Huntsville AL MLS activity of all one story homes in the neighborhood in the past year. ( There are a few much larger two story homes in the neighborhood where the price per square foot trends lower. ) The average sold price was $94 per square foot with a range of $84 to $100 per square foot. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116290427 The link below is to the full listings for better comparison. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116290433 The $100 per square foot sale at 211 DE JAN ROAD was new construction and not a good comparison. The $84 per square foot sale at 109 AUTUMN HAVEN LANE is a much larger home at 2,270 square feet compared to the subject's 1,595 square foot. The price per square foot on larger homes will trend lower than smaller homes in the same neighborhood. We have several homes of Huntsville rentals in the neighborhood that perform well. County Line Road on the west of the neighborhood is a four lane traffic artery that goes south to Madison Boulevard / Highway 20. There is a westbound exit onto I 565 and plans to build an eastbound ramp. Commutes are easy especially for Madison which has areas of congestion. There is shopping nearby and the schools are good. 106 ACACIA TRAIL DRIVE is priced pretty well for the neighborhood is empty and has been on the market for a long time. I like the location but the lots are very small, more like a garden home. There are rail road tracks about a half mile to the south and than some lower end multi-family properties. I'm not overly excited about this one but I think there is some potential for a good buy. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116290492 https://maps.google.com/maps?q=106+ACACIA+TRAIL+DRIVE,+MADISON,+AL+35758&hl=en&ll=34.703734,-86.721429&spn=0.00305,0.005273&hnear=106+Acacia+Trail+Dr,+Madison,+Alabama+35758&t=h&z=18 116 BOSTON HARBOUR WAY is located just northeast of the De Jan property. It seems well priced for the neighborhood and the listing indicates it is unoccupied. It's been on the market a long time and shows as having been rented last year at $1,099. It might be possible to negotiate hard on this house. The owner paid $190,000 for it in 2005. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116290496 122 GREEN SPRINGS DRIVE is an older home and a foreclosure. It's not a full brick home so maintenance costs will be higher. All if the bedrooms are upstairs which will be unattractive to older tenants or families with small children. It has been on the market since 08/07/12. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116294924 At $61 per square foot the house is priced substantially below the average neighborhood sold price of $80 per square foot just below the lowest sold price of $62 per square foot. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116294927 We have two rentals in the neighborhood that have been consistent performers. Based on the quick rental comparables below we could probably expect rents in the $1,195 range depending on the season. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116294928
Huntsville AL MLS Acess the Huntsville MLS Valley MLS to search for every available property without having to register. Request an automated search to recive notification of new listings. http://www.huntsville-homes.com/Valley-MLS-Search-Yourself
Wednesday, August 29, 2012
Homes of huntsville
inShare
Homes of Huntsville investors/ property management / relocating (Draft) (edit/delete)
Market recovery driven by investors;Investors are buying homes at a more rapid pace than ever before, and this time their investments actually make sense. Most are buying homes below replacement cost, or at prices that allow for a reasonable rental return.
Across the 167 metro areas we analyzed, investor activity rose to 29.6% of all transactions in the first quarter of this year, up from the trough of 23.6% in Q4 2009. Our research leads us to believe Q2 activity exceeds Q1, and since last quarter, investor activity has already spiked 2%!
Investor activity has returned to the markets where investors got burned the most. These markets include Miami, Phoenix, Las Vegas, Sacramento, and Riverside (CA). Some markets are now completely dominated by investors, such as Las Vegas (50% of all activity) and Phoenix (46%).We've helped several clients purchase homes of Huntsville without having physically seen them first and can give you a lot of additional information on candidate homes, neighborhoods and areas. We can preview homes, provide our impressions and lots of additional photography. I am however always uneasy until clients are able to see the house and get settled in. If there is any possible way it's best to make at least a short house hunting trip or haveSmall markets are also attractive to investors, especially in inland California (Merced, Modesto, Bakersfield, Vallejo, etc.) and second home buyers are also sensing the bargains, causing huge increases in Naples, The Villages, Tucson and Panama City.
The naysayers will surely point to these facts as a false recovery. While they are technically correct, we are not concerned at all, and are embracing the return of private capital. Most of these investors are paying all cash and buying homes below replacement cost. They are helping the market recover by removing supply at the low end of the market and driving real buyers to higher price points, including new homes. We don’t see a scenario where they dump their homes en masse on the market unless it becomes crystal clear that home prices are headed down again.
Normal wear and tear in rental properties;Source; Sarah Taggart law firm;In the past several weeks our law firm has seen a dramatic increase in the number of small claims court disputes regarding security deposits. This month we are going to discuss the legal concept of "reasonable wear and tear" and the security deposit.
Classically, a security deposit is designed to ensure that the rental premises are returned to the landlord in roughly the same condition that they were leased out, minus "reasonable wear and tear". That phrase often confuses landlords - the tendency is to think that all tenant-caused "damage" (or dirt) is the proper province of a security deposit OR that the security deposit can be used to help defray the costs of "turning" a unit.
That is not the case. "Reasonable wear and tear" includes deterioration of the rental premises that occurs during normal conditions. For example, paint may fade, electrical switches may wear out and break, pull strings on blinds may fray or break, carpet and tile may wear down. These things happen even if the tenant cleans regularly and cares for the premises reasonably. "Damage", on the other hand, occurs from "unreasonable use" and can include extreme build up of dirt or grime, stains on the carpets, broken windows, scorch marks on granite. As a general rule, the longer the length of the tenancy, the more "wear and tear" is reasonable. I find that if landlords look at the security deposit as a damage deposit they are less inclined to make questionable deductions.
Making questionable deductions from a security deposit can be a costly mistake: as noted above, many tenants will sue in small claims to recoup their deposit. The burden of proof is on the landlord to establish that damages exceed "reasonable wear and tear". Proper documentation, including a move-in inspection and photographs, are essential. You must also send the tenant a letter within 35 days of the "end" of the tenancy itemizing any deductions.
Also: routine "cleaning fees" or "carpet cleaning fees" that are always assessed is not a good practice. Each rental premises should be evaluated individually before you begin deducting from the deposit
family or colleagues view candidate homes first.
Huntsville Houses Search the huntsville al mls for huntsville houses for sale in huntsville at http://www. Huntsville-homes. Com/huntsville-houses-for-sale. Com no registration required. Request automated real estate search. Get the market value of your huntsville houses
The U.S. Bureau of Labor Statistics (BLS) reported that the July, 2012 unemployment rate jumped to 8.3% That’s bad. It means 12.9 million people are without work. And since it is easy to read such statistics without much thought, let’s emphasize it a bit. In the United States alone, 12,922,618 people are “newly” unemployed. These are moms and dads who worry about feeding their children, keeping their homes, and clothing themselves. It’s the equivalent of the entire population of Switzerland and New Zealand – COMBINED. But it’s far worse than that, really. A more accurate unemployment figure for the United States is 15.1%. And we’re not pulling that data from some anti-government site either. No, it’s a figure that comes directly from the U.S. government itself. You see, most Americans don’t realize it, but the government actually tracks 6 different unemployment figures (labeled as U1 thru U6). Since incumbent administrations (of either party) don’t want bad unemployment numbers pinned to them, they only publish a lower figure as the “official” unemployment rate. Currently, the U3 is the published, “headline” rate. That’s what’s at 8.3%. The higher fifteen percent number we mentioned above is the U6 rate, which includes those who have given up looking for jobs in the “short-term.” That means there are far more jobless people in the United States than you might think. 23.5 million, to be precise. That’s more than the entire population of Australia! Up until 1994, the government also tracked another figure. It included long-term “discouraged workers” (as they are officially called). These were people who had given up looking for a job longer-term, or who were forced to work part-time in a low-paying job because they couldn’t find anything else. The government didn’t like these people mucking up its numbers. They didn’t paint a rosy picture. So these folks were conveniently dropped from any official statistic of the U.S. government. The U.S. Bureau of Labor Statistics doesn’t even track these people at all anymore. The government says they don’t count. But John Williams, an economist who runs ShadowStats.com, thinks they do count. So he continues to compile this information. He calls it the SGS Alternate. The latest chart with data since 1994 is to the right. Using the same analysis model the government used to use, he calculates the true number of people currently out of work at 23.6%. That’s a whopping 36.7 million Americans. That’s more than the entire population of Canada! Still not convinced? CNN wasn’t so sure either, so they did their own investigation earlier this year. Their report in May 2012 found that ShadowStats.com -- and the government -- may have it ALL wrong. A person is counted as part of the labor force if they have a job or have looked for one in the last four weeks. This year, only 63.6% of Americans over the age of 16 fell into that category, according to the Labor Department. That means the remainder are not working or not looking. That number now stands at 86 Million people. That includes people who are retired, in school or staying home to raise kids. These are people who truly aren’t looking for work. But when CNN filtered those people out, they still came up with between 36-58 million people in the U.S. who are involuntarily jobless ... or who are working part time because they can’t find anything better. This is a staggering number. It means these people are either draining their savings and retirement funds to survive, or relying on government assistance to get by.
Key words;
Homes of Huntsville, huntsville mls, huntsville al mls
Tags: homes of huntsville, huntsville al mls, huntsville mls
Homes of Huntsville investors/ property management / relocating (Draft) (edit/delete)
Market recovery driven by investors;Investors are buying homes at a more rapid pace than ever before, and this time their investments actually make sense. Most are buying homes below replacement cost, or at prices that allow for a reasonable rental return.
Across the 167 metro areas we analyzed, investor activity rose to 29.6% of all transactions in the first quarter of this year, up from the trough of 23.6% in Q4 2009. Our research leads us to believe Q2 activity exceeds Q1, and since last quarter, investor activity has already spiked 2%!
Investor activity has returned to the markets where investors got burned the most. These markets include Miami, Phoenix, Las Vegas, Sacramento, and Riverside (CA). Some markets are now completely dominated by investors, such as Las Vegas (50% of all activity) and Phoenix (46%).We've helped several clients purchase homes of Huntsville without having physically seen them first and can give you a lot of additional information on candidate homes, neighborhoods and areas. We can preview homes, provide our impressions and lots of additional photography. I am however always uneasy until clients are able to see the house and get settled in. If there is any possible way it's best to make at least a short house hunting trip or haveSmall markets are also attractive to investors, especially in inland California (Merced, Modesto, Bakersfield, Vallejo, etc.) and second home buyers are also sensing the bargains, causing huge increases in Naples, The Villages, Tucson and Panama City.
The naysayers will surely point to these facts as a false recovery. While they are technically correct, we are not concerned at all, and are embracing the return of private capital. Most of these investors are paying all cash and buying homes below replacement cost. They are helping the market recover by removing supply at the low end of the market and driving real buyers to higher price points, including new homes. We don’t see a scenario where they dump their homes en masse on the market unless it becomes crystal clear that home prices are headed down again.
Normal wear and tear in rental properties;Source; Sarah Taggart law firm;In the past several weeks our law firm has seen a dramatic increase in the number of small claims court disputes regarding security deposits. This month we are going to discuss the legal concept of "reasonable wear and tear" and the security deposit.
Classically, a security deposit is designed to ensure that the rental premises are returned to the landlord in roughly the same condition that they were leased out, minus "reasonable wear and tear". That phrase often confuses landlords - the tendency is to think that all tenant-caused "damage" (or dirt) is the proper province of a security deposit OR that the security deposit can be used to help defray the costs of "turning" a unit.
That is not the case. "Reasonable wear and tear" includes deterioration of the rental premises that occurs during normal conditions. For example, paint may fade, electrical switches may wear out and break, pull strings on blinds may fray or break, carpet and tile may wear down. These things happen even if the tenant cleans regularly and cares for the premises reasonably. "Damage", on the other hand, occurs from "unreasonable use" and can include extreme build up of dirt or grime, stains on the carpets, broken windows, scorch marks on granite. As a general rule, the longer the length of the tenancy, the more "wear and tear" is reasonable. I find that if landlords look at the security deposit as a damage deposit they are less inclined to make questionable deductions.
Making questionable deductions from a security deposit can be a costly mistake: as noted above, many tenants will sue in small claims to recoup their deposit. The burden of proof is on the landlord to establish that damages exceed "reasonable wear and tear". Proper documentation, including a move-in inspection and photographs, are essential. You must also send the tenant a letter within 35 days of the "end" of the tenancy itemizing any deductions.
Also: routine "cleaning fees" or "carpet cleaning fees" that are always assessed is not a good practice. Each rental premises should be evaluated individually before you begin deducting from the deposit
family or colleagues view candidate homes first.
Huntsville Houses Search the huntsville al mls for huntsville houses for sale in huntsville at http://www. Huntsville-homes. Com/huntsville-houses-for-sale. Com no registration required. Request automated real estate search. Get the market value of your huntsville houses
The U.S. Bureau of Labor Statistics (BLS) reported that the July, 2012 unemployment rate jumped to 8.3% That’s bad. It means 12.9 million people are without work. And since it is easy to read such statistics without much thought, let’s emphasize it a bit. In the United States alone, 12,922,618 people are “newly” unemployed. These are moms and dads who worry about feeding their children, keeping their homes, and clothing themselves. It’s the equivalent of the entire population of Switzerland and New Zealand – COMBINED. But it’s far worse than that, really. A more accurate unemployment figure for the United States is 15.1%. And we’re not pulling that data from some anti-government site either. No, it’s a figure that comes directly from the U.S. government itself. You see, most Americans don’t realize it, but the government actually tracks 6 different unemployment figures (labeled as U1 thru U6). Since incumbent administrations (of either party) don’t want bad unemployment numbers pinned to them, they only publish a lower figure as the “official” unemployment rate. Currently, the U3 is the published, “headline” rate. That’s what’s at 8.3%. The higher fifteen percent number we mentioned above is the U6 rate, which includes those who have given up looking for jobs in the “short-term.” That means there are far more jobless people in the United States than you might think. 23.5 million, to be precise. That’s more than the entire population of Australia! Up until 1994, the government also tracked another figure. It included long-term “discouraged workers” (as they are officially called). These were people who had given up looking for a job longer-term, or who were forced to work part-time in a low-paying job because they couldn’t find anything else. The government didn’t like these people mucking up its numbers. They didn’t paint a rosy picture. So these folks were conveniently dropped from any official statistic of the U.S. government. The U.S. Bureau of Labor Statistics doesn’t even track these people at all anymore. The government says they don’t count. But John Williams, an economist who runs ShadowStats.com, thinks they do count. So he continues to compile this information. He calls it the SGS Alternate. The latest chart with data since 1994 is to the right. Using the same analysis model the government used to use, he calculates the true number of people currently out of work at 23.6%. That’s a whopping 36.7 million Americans. That’s more than the entire population of Canada! Still not convinced? CNN wasn’t so sure either, so they did their own investigation earlier this year. Their report in May 2012 found that ShadowStats.com -- and the government -- may have it ALL wrong. A person is counted as part of the labor force if they have a job or have looked for one in the last four weeks. This year, only 63.6% of Americans over the age of 16 fell into that category, according to the Labor Department. That means the remainder are not working or not looking. That number now stands at 86 Million people. That includes people who are retired, in school or staying home to raise kids. These are people who truly aren’t looking for work. But when CNN filtered those people out, they still came up with between 36-58 million people in the U.S. who are involuntarily jobless ... or who are working part time because they can’t find anything better. This is a staggering number. It means these people are either draining their savings and retirement funds to survive, or relying on government assistance to get by.
Key words;
Homes of Huntsville, huntsville mls, huntsville al mls
Tags: homes of huntsville, huntsville al mls, huntsville mls
Tuesday, August 28, 2012
homes of huntsville rates rise
Mortgage rates have moved higher off of record lows for the second consecutive week.
August 28th, 2012 4:36 PM
SOURCE INMAN NEWS
Mortgage rates have moved higher off of record lows for the second consecutive week amid signs that the U.S. job market is stabilizing, according to a weekly survey by Freddie Mac. For 30-year fixed-rate mortgages, rates averaged 3.59 percent with an average 0.6 point for the week ending Aug. 9, up from 3.55 percent last week but down from 4.32 percent a year ago, according to Freddie Mac's Primary Mortgage Market Survey. Rates on 30-year fixed-rate mortgages hit an all-time low in Freddie Mac records dating to 1971 when they fell to 3.49 percent during the week ending July 26. Rates on 15-year fixed-rate mortgages averaged 2.84 percent with an average 0.6 point, up from 2.83 percent last week but down from 3.5 percent a year ago. Rates on 15-year fixed-rate mortgages hit a low in records dating to 1991 of 2.8 percent during the week ending July 26. For five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) loans, rates averaged 2.77 percent with an average 0.6 point, up from 2.75 percent last week but down from 3.13 percent a year ago. Rates on five-year ARM loans hit a low in records dating to 2005 of 2.74 percent during the week ending July 26. Rates on one-year Treasury-indexed ARMs averaged 2.65 percent with an average 0.4 point, down from 2.7 percent last week and 2.89 percent a year ago. That's a new low in records dating to 1984. A separate survey by the Mortgage Bankers Association showed demand for purchase loans during the week ending Aug. 9 was down a seasonally adjusted 2 percent from the week before, and off 12 percent from the same time a year ago. Applications to refinance accounted for 81 percent of all mortgage loan applications. The U.S. Bureau of Labor Statistics reported Friday that total nonfarm payroll employment rose by 163,000 in July, the biggest gain in five months. Job growth had been below the 100,000 mark for three months in a row. Nevertheless, 12.8 million Americans were still looking for work, and the unemployment rate was essentially unchanged at 8.3 percent. The Department of Labor reported today that initial claims for unemployment benefits fell by 6,000 during the week ending Aug. 4, to a seasonally adjusted 361,000, suggesting that the increased job growth seen in July could be sustained into August, Reuters reported. Positive economic news tends to send long-term interest rates up. Conservative investments like Treasurys and mortgage-backed securities that fund most U.S. mortgage loans may fall out of favor with investors when stocks seem to promise better retur
Please make arrangements to attend one of the webinars listed below. You will be part of a select group of Madison county real estate professionals that will most likely qualify to apply for acceptance as an REO partner for homes of Huntsville one, or several of the financial institutions involved in the 2011 "RoboSigning" litigation. A recent $25 billion relief settlement has been reached and these institutions will soon begin releasing the properties caught up in the 11,000,000 foreclosure backlog. Sp far, over 250% increases in filings have occurred, with another 250% anticipated. Recent legislation and program changes have prompted increased filings in Madison county. A large group of servicers including, Chase, Citi, Bank of America, Ally and Wells Fargo are now working daily to process as many REO files as possible. In addition to the bank details, training will be provided on how to prepare for your application with these involved financial institutions. You will also be directed to a list of the Fannie Mae outsourcing partners and their contact details. There is no cost for this workshop. Due to high response and limited capacity, we will be holding Huntsville AL MLS webinar sessions on Tuesday, August 28, 2012 at 9:00 AM, 11:00 AM, 1:00 PM and 3:00 PM CENTRAL time and we will close registration after 400 seats are filled. Register now by choosing and clicking one of the provided links below: (Please register for only ONE workshop as seats are limited. Multiple registrations will be deleted.) Tuesday August 28 - 9:00 AM CENTRAL - https://www3.gotomeeting.com/register/499749414 Tuesday August 28 - 11:00 AM CENTRAL - https://www3.gotomeeting.com/register/774047030 Tuesday August 28 - 1:00 PM CENTRAL - https://www3.gotomeeting.com/register/239769318 Tuesday August 28 - 3:00 PM CENTRAL - https://www3.gotomeeting.com/register/716422942
homes of huntsville We've got some cracking seminars for you at the show and they are all free to attend - you just reserve your place when you come to the show - doors open at 9.00am. Our seminars cover topics that matter to you and will deliver valuable gold nuggets of information that you will be able to take away 09.30 - Data Security issues for small businesses with Young & Partners 10.00 - 10 practical tips to improve your local online marketing with WSI Web Based Marketing(This 20 minute session will give you 10 actions you can take now that will improve your local online presence and drive more relevant traffic to your web site) 10.30 - Renewable energy and cost reduction with Young & Partners 11.00 - Risky Business with Abacus Financial Planning (Does risk impact on your investment decisions and What about risks in your business? If so, what can you do about it?) 11.30 - Social Media and how to deal with employee issues with Young & Partners 12.00 - How to discover your most profitable customers and get their attention with Uniq, The Academy for Entrepreneurs - (Are you finding that it’s harder than ever before to get good results from marketing and what used to work delivers very little now?
Saturday, August 25, 2012
Homes of huntsville; buy verses rent
homes of huntsville, homes for sale in huntsville al, huntsville al mls
I checked our inventory of rental homes of Huntsville and we don't have anything available in the central district.
August 25th, 2012 3:27 AM
I checked our inventory of rental homes of Huntsville and we don't have anything available in the central district. I also checked on the Huntsville AL MLS to see if any other realtors did. The homes I found were much too small. I will ask around among my realtor colleagues and see if anyone has a home coming up.
I will keep you in mind and you may want to keep an eye on our rentals page; http://www.huntsville-homes.com/RentalHomes Have you considered a purchase? With prices depressed and interest rates low now is a good time to consider it. If you plan on being in Huntsville for three or more years it might be a good move financially. For $1,100 per month including taxes and insurance and a 3.5% no down payment rural housing loan you could purchase in the $215,000 range. There are a good number of available homes in the Central district that might be candidates at the link below. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116218822
When you consider the tax benefits of deducting mortgage interest from your income taxes, there is a grater financial advantage. Homes For Sale In Huntsville AlUsing the public huntsville mls (valley mls) can be difficult. Just let us know what type of homes for sale in huntsville you are looking for and we can search for you. We can also set up an automated search.
If you do have an interest in purchasing, even if it is the home you rent please let us know. We can have a trusted lender contact you for a loan preapproval, research market values, negate for you and watch out for your best interests. Do you know Alfio Gallo? He is a scientist at Qualitest. We helped him and his wife Jodi purchase a house in September 2011. If you do run into him please tell him I said hello.
I checked our inventory of rental homes of Huntsville and we don't have anything available in the central district.
August 25th, 2012 3:27 AM
I checked our inventory of rental homes of Huntsville and we don't have anything available in the central district. I also checked on the Huntsville AL MLS to see if any other realtors did. The homes I found were much too small. I will ask around among my realtor colleagues and see if anyone has a home coming up.
I will keep you in mind and you may want to keep an eye on our rentals page; http://www.huntsville-homes.com/RentalHomes Have you considered a purchase? With prices depressed and interest rates low now is a good time to consider it. If you plan on being in Huntsville for three or more years it might be a good move financially. For $1,100 per month including taxes and insurance and a 3.5% no down payment rural housing loan you could purchase in the $215,000 range. There are a good number of available homes in the Central district that might be candidates at the link below. http://nalmls.com/NALMLSReports/ListitLib/show_report.aspx?ID=7116218822
When you consider the tax benefits of deducting mortgage interest from your income taxes, there is a grater financial advantage. Homes For Sale In Huntsville AlUsing the public huntsville mls (valley mls) can be difficult. Just let us know what type of homes for sale in huntsville you are looking for and we can search for you. We can also set up an automated search.
If you do have an interest in purchasing, even if it is the home you rent please let us know. We can have a trusted lender contact you for a loan preapproval, research market values, negate for you and watch out for your best interests. Do you know Alfio Gallo? He is a scientist at Qualitest. We helped him and his wife Jodi purchase a house in September 2011. If you do run into him please tell him I said hello.
Monday, August 20, 2012
homes of huntsville
Source; Alabama Real Estate. ACRE
July residential sales of homes of Huntsville totaling 414 units in greater Huntsville/Madison County area represent a 5.3 percent slip compared to July 2011.
July represents the first month since November 2011 that the sales growth percentage did not increase when compared to the same month from the prior year.
Huntsville residential* sales for July '12 totaled 414 units, representing a decrease of 23 transactions when compared to 437 units that were sold in July '11.
By Product Type (% of Total Sales)
2012 2011
Existing SF: 294 (71%) 307 (70%)
Condo: 12 (3%) 8 (2%)
New Const. 108 (26%) 122 (28%)
*Residential = existing single family, condo, & new construction The median selling price in Huntsville in July 2012 was $178,000, a 3.8 percent decrease from July 2011's median selling price of $185,000.
By Product Type (Y-O-Y Comparison)
2012 2011
Existing SF: $155,950 $160,000
Condo: $109,000 $68,000
Monthly Indicators
Recent Figures
Trends
Total Residential Sales
Current Month
July
2012
414
vs. Prior Month
June
2012
462
-10.4%
vs. Last Year
July
2011
437
-5.3%
vs. 5-Yr Avg
July
'07-'11
492
-15.8%
vs. Peak
July
2007
632
-34.5%
vs. Trough
July
2010
353
17.3%
Sales Pace Mirrors…
July
2011
437
-5.3%
ACRE Commentary
Historical Home Sales
Graph: July 2007 - 2012
July
2011
437
(By month)
"Historical data indicates that July residential sales on average („07-„11) decrease from the month of June by 5.8 percent. July 2012 sales decreased by 10.4 percent from the prior month."
July
2010
353
July
2009
497
July
2008
539
July
2007
632
5- Year Avg:
492
3- Year Avg:
429
Median Sales Price
Current Month
July
2012
178,000
vs. Prior Month
June
2012
175,000
1.7%
vs. Last Year
July
2011
185,000
-3.8%
vs. 5-Yr Avg
July
'07-'11
181,960
-2.2%
Year to Date
July
2011
166,307
vs.Prior Year
July
2010
173,374
-4.1%
Median Peak
July
2010
200,000
-11.0%
Trough
July
2007
174,900
1.8%
ACRE Commentary
Historical Median Selling Price
Graph: July 2007 - 2012
July
2011
185,000
(By month)
"Historical data indicates that July median sales prices on average („07-„11) increase by 2.9 percent from the month of June. The current median price increased by 1.7 percent from the prior month."
July
2010
200,000
July
2009
175,000
July
2008
174,900
July
2007
174,900
5- Year Avg:
181,960
3- Year Avg:
186,667
New Const: $250,000 $249,344 632 414 340 390 440 490 540 590 640 Huntsville: Total Residential Sales 174,900 200,000 178,000 $171,000 $176,000 $181,000 $186,000 $191,000 $196,000 $201,000 Huntsville: Median Residential Price
Huntsville Alabama Homes For Sale Using the huntsville al mls (valley mls) can be difficult. Just let us know what type of homes for sale in huntsville you are looking for and we can search for you. We can also set up an automated search.
July residential sales of homes of Huntsville totaling 414 units in greater Huntsville/Madison County area represent a 5.3 percent slip compared to July 2011.
July represents the first month since November 2011 that the sales growth percentage did not increase when compared to the same month from the prior year.
Huntsville residential* sales for July '12 totaled 414 units, representing a decrease of 23 transactions when compared to 437 units that were sold in July '11.
By Product Type (% of Total Sales)
2012 2011
Existing SF: 294 (71%) 307 (70%)
Condo: 12 (3%) 8 (2%)
New Const. 108 (26%) 122 (28%)
*Residential = existing single family, condo, & new construction The median selling price in Huntsville in July 2012 was $178,000, a 3.8 percent decrease from July 2011's median selling price of $185,000.
By Product Type (Y-O-Y Comparison)
2012 2011
Existing SF: $155,950 $160,000
Condo: $109,000 $68,000
Monthly Indicators
Recent Figures
Trends
Total Residential Sales
Current Month
July
2012
414
vs. Prior Month
June
2012
462
-10.4%
vs. Last Year
July
2011
437
-5.3%
vs. 5-Yr Avg
July
'07-'11
492
-15.8%
vs. Peak
July
2007
632
-34.5%
vs. Trough
July
2010
353
17.3%
Sales Pace Mirrors…
July
2011
437
-5.3%
ACRE Commentary
Historical Home Sales
Graph: July 2007 - 2012
July
2011
437
(By month)
"Historical data indicates that July residential sales on average („07-„11) decrease from the month of June by 5.8 percent. July 2012 sales decreased by 10.4 percent from the prior month."
July
2010
353
July
2009
497
July
2008
539
July
2007
632
5- Year Avg:
492
3- Year Avg:
429
Median Sales Price
Current Month
July
2012
178,000
vs. Prior Month
June
2012
175,000
1.7%
vs. Last Year
July
2011
185,000
-3.8%
vs. 5-Yr Avg
July
'07-'11
181,960
-2.2%
Year to Date
July
2011
166,307
vs.Prior Year
July
2010
173,374
-4.1%
Median Peak
July
2010
200,000
-11.0%
Trough
July
2007
174,900
1.8%
ACRE Commentary
Historical Median Selling Price
Graph: July 2007 - 2012
July
2011
185,000
(By month)
"Historical data indicates that July median sales prices on average („07-„11) increase by 2.9 percent from the month of June. The current median price increased by 1.7 percent from the prior month."
July
2010
200,000
July
2009
175,000
July
2008
174,900
July
2007
174,900
5- Year Avg:
181,960
3- Year Avg:
186,667
New Const: $250,000 $249,344 632 414 340 390 440 490 540 590 640 Huntsville: Total Residential Sales 174,900 200,000 178,000 $171,000 $176,000 $181,000 $186,000 $191,000 $196,000 $201,000 Huntsville: Median Residential Price
Huntsville Alabama Homes For Sale Using the huntsville al mls (valley mls) can be difficult. Just let us know what type of homes for sale in huntsville you are looking for and we can search for you. We can also set up an automated search.
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