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Healthy Real Estate Huntsville - Madison County, Alabama - The best Real Estate Market

Latest Healthy Market News

Military, tech jobs help Huntsville, Ala.

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Huntsville #1 Again!

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Huntsville Chosen #1 City in the Nation for 2009!

Don’t Let Faulty Appraisals Affect the Housing Recovery
$8000 Tax Credit Explained
Facts On the First Time Home Buyer Tax Credit
Housing Stimulus Package Needed to Turn Around American Economy

Alabama Home Sales Rise
America's Fastest-Growing Metros
America's 50 Greenest Cities
City's Projected Growth Cited
Huntsville Seeing Economic Rise
Huntsville's Housing Market
Five Markets To Watch


Area Market Housing Contacts

Financing Your First Home

First-Time Home Buyer Tax Credit

Opportunity Knocks for Home Buyers





1.  Healthy Sales Prices:  Homes in Madison County sold for an average of 97.3% of list price from January 2009 through September 2009.*


2.  Healthy Property Values:  Average sales price of homes sold in Madison County increased to $221,121.00 up 9% in September 2009 compared to September 2008.*


3.  Healthy Long-Term Appreciation: Waiting for prices to decrease in our area is not a safe bet.  Median sales prices of homes in Madison County grew steadily from $101,508 in 2000 to $172,000 in 2009, an impressive 69% increase!*


4.  Healthy Wealth Investment: Thanks to the concept of “leveraging,” purchasing a home is by far the best long-term investment (“leveraging” means putting down a small amount of money to earn a big return.) For example, say you use that $10,000 to purchase a $250,000 home, and the house appreciates a modest 3 percent during the first year. That means after one year, the house would be worth $257,500 – a gain of $7,500. Your annual return on your $10,000 investment would be 75 percent. By contrast, putting the same $10,000 in the stock market and posting a similar 5 percent gain would only net a $500 return on investment. †††



5.  Healthy Interest Rates & Low Inventory Levels:  Interest rates for 30-year fixed-rate mortgages are hovering near 40-year lows!  The Huntsville Madison County area inventory of single-family homes remains very healthy compared to national inventory. Healthy inventory provides you with a wide selection of homes to pick from.  Buying now may keep you from having to compete for your dream home as inventory shrinks from demand.  ***††


6.  Healthy Job Growth: Nearly 29,000 jobs have been added to the Huntsville metropolitan area in 2000-2008, thereby leading the state.  Population increased by 53,000 over the same time period.   Continued steady growth close to 2% is anticipated.†


7.  Healthy Employment:  The unemployment rate in Madison County for July 2009 is 7.9% compared to 9.4% across the country. †


8.  Healthy Tax Relief:  Homeownership offers you the advantage of tax deductions as well as building equity in your property.  A tax credit of up to $8,000 is now available for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Unlike the tax credit enacted in 2008, the new credit does not have to be repaid. **


9.         Healthy National Reviews: Among other accolades, Huntsville was recently ranked as “Kiplinger’s #1 City in the United States for 2009” (Kiplinger’s Personal Finance Magazine); has been ranked as one of the country’s “Top 5 Cities for Defense Jobs” (Forbes Magazine, April 2009); “Huntsville Named the Country’s Leading Metro for Consumer Lending Growth” (The Wall Street Journal, March 30, 2009); “The City of Huntsville receives Standard & Poor’s highest possible “AAA” bond rating for strength of the local economy…” (Standard & Poor’s, January 2009);  “Madison County Named the Country’s Best Place to Live to Weather the Economy” (Forbes Magazine, November 2008); “Huntsville named one of the Top 50 Best Places to raise children in the U.S.” (Business Week, November 2008). †


10.        Healthy Family Investment:  A home is more than a house.  It’s a place to raise

your family, make memories, and call your own!






*Huntsville Area Association of REALTORS®                      † Huntsville Madison County Chamber of Commerce

**www.federalhousingtaxcredit.com                                      ††  National Association of REALTORS®



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Healthy Real Estate Huntsville - Madison County, Alabama - The best Real Estate Market