A summary of residential market indicators for the week ending May 29, 2020
June 2, 2020
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 rise unexpectedly in April 2020
May 28, 2020
New home sales represent a significant portion of all residential sales nationwide, usually around 10-12%.
Housing starts decline in all four regions during April 2020
May 26, 2020
Economic data from April 2020 showed a quick decline in overall business activity across the nation.
Looking Up & Forward
World Police & Fire Games 2025 in Birmingham
May 22, 2020
The plethora of “worst-ever” economic reports during this COVID-19 outbreak has overshadowed some Look Up & Forward economic news for the Alabama economy.
Realtor.com releases updated economic and housing forecast
May 19, 2020
Danielle Hale, chief economist for Realtor.com, recently released a revised economic and housing forecast.
Valuing CRE during a period of “Material Change”
May 15, 2020
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 ...
National Perspective: The Pandemic’s Impact to Residential Real Estate
May 14, 2020
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 ...
April 2020 residential sales down in several markets while prices remain stable
May 12, 2020
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. ...