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
Post a Comment

Property Taxes in Madison County Should Fall With Huntsville/Madison County Price Drops

Huntsville housing market cooled down in February. Are federal layoffs to blame?

The Huntsville market saw a significant drop in average sales price last month. Homes sold for an average of $318,000 in February, down from $330,000 in 2024.

Reference: www.al.com

Comments

Post a Comment

Popular posts from this blog

Trash Pandas Wrap Up Incredible 2022 Season

Rocket City Trash Pandas Wrap Up Incredible 2022 Season Rocket City leads Southern League in attendance, wins in second season. The Trash Pandas played a full 138-game Southern League slate in 2022, finishing with the best record in the Southern League at 81-57 to earn the team’s first playoff berth. The most meteoric team in Minor League Baseball brought an unrivaled fan experience to Toyota Field, with a team-centered product on the diamond that gave Rocket City ... Reference: Minor League Baseball
Read more

ICE locks up ‘approximately 30’ illegal immigrants in northern Alabama

ICE locks up ‘approximately 30’ illegal immigrants in northern Alabama United States Immigration and Customs Enforcement (ICE) was busy this week, arresting illegal immigrants in Alabama. ...the raids largely happened in the area of Drake Avenue and Patton Road in Huntsville. Illegal immigrants who are captured go to the DeKalb County Jail and are then transferred to Louisiana. Reference: yellowhammernews.com
Read more

Madison DA office: Court records tell the whole story in city councilman’s theft case

Madison DA office: Court records tell the whole story in city councilman’s theft case Devyn Keith told voters recently that 2023 theft charges against him were not accurate. The Madison DA’s office pushed back on that claim. ... Keith pleaded guilty in August 2023 to two of the four theft charges he faced for allegedly stealing 31 different items from Walmart stores on four different occasions, according to court records. Keith is currently in a runoff, and facing an uphill battle to hold his council seat, against school board member Michell Watkins. ... documents tell the story,” Gann said. “It’s that simple.” Reference: www.alreporter.com
Read more