As a Birmingham and Hoover Alabama real estate agent I want offer you all the latest tips and information about our beautiful area as possible. Here you'll find a list of resources, utilities, local events and activities around the Birmingham area. If you have an event that you would like featured on my website I would be happy to offer a spot on this page. Please fill out the form below to get more information and provide a link to the resource for your activity.
Real Estate Market Report - April 28, 2014
As of April 28, 2014 there are 4280 properties for sale located in the Birmingham and Hoover Alabama real estate market. These properties are priced from just $1000 to over $14 million for single-family homes, luxury properties, land and acreage. The average listing price is $220,000 which is a 3.4% over last week. The median sales price is at $147,000, which is 1.8% lower than year over year, April 2013.
The average price per square foot is currently at $91, up 1% over last year and the number of sales is down roughly 20% over last year. This is primarily due to lack of supply and inventory.
March, 2014 - Supply and Demand Good for Sellers
We are seeing a lot of changes come in 2014 making it a little bit more difficult for self-employed individuals to get a real estate home loan, however, with the right documents and a lot of patience, potential home buyers are finding themselves looking at more homes in a better price range. Although home prices are up, they are not outrageous so I believe that there is a good balance on the increase in home prices and many homeowners finding themselves finally out from being underwater.
With a good supply and demand out on the market, home sellers are finding a sale within one to three months so long as they have priced their home correctly in staged it accordingly.
Changes to the Mortgage Industry
Starting January 1, 2014 there are big changes to the mortgage industry. Since the housing market is starting to recover and we had a very good year, the debt to income ratio will be dropping from 50% to 43%. That means that no more than 43% of your income can go towards debt payments of any kind including mortgage. This may be tough for some folks but if you think about it, it really is creating a stronger homeownership out there. People will be less likely to foreclosure or not be able to make their payments because not all or most of their income is going towards debt. This truly is making a stronger economy for all. Self employed individuals, however, will have a more difficult time applying and qualifying for a loan. They will need more proof of income and lenders will get more strict as to what they need in order to qualify.
Real Estate Market Report for Hoover Alabama September 2013
Hoover Alabama sits just South of Birmingham and makes a great suburb for commuters, families and business folk alike. Currently there are 520 homes for sale within the Hoover Alabama area priced from about $28,000 for smaller parcels of land and manufactured homes to $2,950,000 for a seven bedroom, 18,000 square-foot single-family home. Of course this is just a wide range; the majority of homes range between $200,000 and about $400,000 within the Hoover Alabama area. Read more...
Summer is a great time to buy and sell
I always love this time of year; more homes on the market for buyers to choose from and sellers can hope to gain a little bit more profit from their sale. There are more homes on the market this time of year than any and because properties looks so purdy all dressed out in their summer best, the MLS photos show better and buyers are more interested in a closer look. Call me today to learn more about getting your home sold or finding the pick of the litter in Birmingham, Hoover and Homewood Alabama real estate.
Spring is a great time around here. Buds are starting to form and more and more buyers and sellers are considering buying and selling. The market is doing great and now's a perfect time to considering jumping on the first time home buyer bandwagon if you have never done it. If you want to sell, let me tell you what I think your home could potentially sell for. Want more money in your pocket at closing? Let me tell you how!
March in Alabama -
What a funny winter this is then from blustery blizzards and storms to hot weather and back again. March is flooring in like a lion and hopefully going out like a lamb as they say. Heading into the springtime it’s perfect for looking for homes or considering selling. The Birmingham and Hoover Alabama area is looking at less foreclosures and more short sales on the market so if you’re considering buying, now’s a great time to get a good deal on a home that may not need a lot of repairs or cosmetic updates. Many times the sellers are not even behind on their mortgage and have kept the property in great condition. Let me know if you’re interested and we can get started.
Winter in Birmingham -
While we’ve had some unusually cold weather, buyers are still buying and sellers still need to sell their properties. The amount of foreclosures are slowly dwindling off the market and are being replaced with a lot of short sales. Sellers are understanding more of their options and being allowed to stay in the home during the short sale process. Because of this many homes are in great condition at below market value prices. Why don’t you get a jump on the spring and summer rush and get a great deal on a Birmingham, Hoover, or surrounding community home or property. Give me a call today and let’s get started.
Being the largest city in Alabama there are many events happening in our area from plays, to sporting activities, and to musical events not to be missed. Come to the McWane Science Center and watch an amazing IMAX movie and have fun learning with the family. Catch a modern classic, Indiana Jones, at the Alabama Theater. If you are looking for something free for the kids to do there are free kids Yoga classes at Villager Yoga! Go have some fun in our great town!
Christmas in Birmingham - 2012
Christmas at the grand Hotel is an event not missed by many Birmingham residents. This a beautiful golf club and Spa been providing families with Christmas traditions for years. Enjoy arts and crafts, Christmas movies, fireside readings with Mrs. Claus, children's stockings craft, and the Christmas buffet on Christmas day. Head out to Christmas in the caverns for a live nativity scene featuring a choir and live animals. And don't forget New Year's Eve family celebration with the band beginning at 8:30 at the corner of section and Church streets.