The following report is calculated by the Alabama Center of Real Estate. This report, along with more detailed information, can be found on their website: http://arerec.cba.ua.edu/ Are you considering a move into or out of Lee County Alabama? If you would like to receive these monthly reports, emailed directly to you, along with other local area information, feel free to contact me with a request.
REMINDER: MAKING HOME AFFORDABLE program, offered by the U.S. Treasury Department, is trying to assist homeowners with refinancing or modifying their mortgages. This federal government program is reaching out to homeowners whose loans are held by Fannie Mae or Freddie Mac. This may not be for everyone, and there is controversial discussion around the long-term effects on the overall economy, but this may be helpful information for some. You can visit their website or phone their hotine number: 888.995.4673.
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© Copyright 2009 - This posting and the contents written here, except where noted, are the property of Mara Hawks, All Rights Reserved
Active in Alabama, Mara Hawks, REALTOR with FIRST REALTY of Auburn, AL, #1 Real Estate Team in Lee County, THE LEADER in professional real estate services in Auburn, Opelika & Lee County for over 3 decades! Committed to INTEGRITY, KNOWLEDGE & SERVICE.
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Disclaimer: All information provided by this author is is not guaranteed, may be based on information collected from several sources, which may or may not be deemed reliable at the time of researching this article and may be time sensitive.
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Hi Mara, that absorption rate getting larger and over 12 months must make it tough to be a seller these days. Very thorough report as always and very helpful for folks in your area.
Mara...great report. Everytime I see one of these it reminds me I need to be pulling these numbers and doing the same thing for my market. I think I avoid doing it because I know it won't look pretty, but I need to remember it's the credibility I will gain for "keepin it real" that hopefully will help in the long run!
Hey, I got an acceptance on a banked owned property today in, get this.....less than 4 hours!
Gary - hello and thanks for stopping by! I'm amazed at how much continues to come on the market. There are a lot of Sellers who want to buy, but need to sell first. The gears have really slowed down.
Thom - I played around with different ways to post this and keep it somewhat easy to view...I think your local board office might have the stats for your area. And... OMG! 4 hours?!! that is a record. I hope you'll be blogging about the details. I'll be looking for them. cheers!