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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The Rocket City is listed among the top 10 real estate markets to watch in 2023

Huntsville named ‘real estate market to watch’ in 2023 by National Association of Realtors

The Rocket City is listed among the top 10 real estate markets to watch in 2023, according to a new forecast from the National Association of Realtors (NAR). The report identified Huntsville ...

Reference: whnt.com

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