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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Housing: Bidding war begins as 2024 rolls around, with some listings seeing over 30 offers

Housing: Bidding war begins as 2024 rolls around, with some listings seeing over 30 offers

saw an uptick in bidding wars in Charleston, SC, as well as Atlanta and Huntsville, Alabama. Some of those buyers may also have been lured into the market. Inflow of new listings.

“I'm already seeing bidding wars in cities with good job markets,” Sharon told Yahoo Finance. “Generally, they are homes in good condition at or below the median price point. If mortgage rates continue to slow down, I believe we will see more buyers enter the market, leading to “There will be even more bidding wars.”

Reference: crast.net

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