Huntsville Apartment Oversupply | Are there too many apartments in Huntsville? New report looks at the boom

Are there too many apartments in Huntsville? New report looks at the boom Huntsville’s apartment boom has led to an oversupply of units in the fast-growing metro area, according to a recent report. We got ahead of ourselves. ...“Huntsville is currently overbuilt with apartments, and until that excess supply is absorbed, we’re going to see a slowdown in new multifamily construction,” Realtor Matt Curtis added. “ We’re seeing the effects of oversupply — one to two months of free rent incentives, declining rents, and higher vacancy rates. That’s not a climate where developers are eager to build. ...“Occupancies are down, values are down, expenses are up,” Wilson said ” Reference: www.al.com
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Huntsville renters face eviction as emergency rental assistance funds dry up | Landlords Suffering As Well

Huntsville renters face eviction as emergency rental assistance funds dry up

HUNTSVILLE, Ala. (WHNT) — Madison County residents are losing their homes while waiting for COVID-19 Emergency Rental Assistance checks to come in the mail. ...2022, the State of Alabama has one of the lowest eviction rates in the country...

Reference: whnt.com

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