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State may lag others in pace of recovery - Huntsville Times

November 28, 2008

MONTGOMERY - It’s hard to find a financial expert who is bullish on Alabama’s economy, but most predict it should slightly outperform its neighbors in 2009. That’s because Alabama - except for condo owners on the Gulf Coast - largely escaped the real Alabama Real Estate

Business is slowing down for Alabama’s real estate agents and mortgage companies. New numbers are out from the Birmingham Association of Realtors: So far this year, total residential sales are down 27% from a year ago. The average price for homes Alabama Real Estate

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WASHINGTON — Montgomery Mayor Bobby Bright won’t be sworn in as a new congressman from Alabama’s 2nd Congressional District until Jan. 6, but life is already chaotic for the Democrat. He’s got a new Capitol Hill office to set up and lots to Alabama Real Estate

New home sales fell to the lowest point in nearly 18-years last month in this country. At the same time, the median price of new homes dropped to four-year lows. Sales of new homes plummeted to 18-year lows last month, and prices for selling homes Alabama Real Estate

Birmingham-area home sales fell 30 percent in October compared to the same month in 2007, a drop that real estate experts said reflects turmoil on Wall Street and concerns about a faltering economy. The Birmingham Association of Realtors said Monday Alabama Real Estate

While the numbers once again aren’t good, Montgomery area real estate agents finally may be seeing a glimmer of silver lining in the dark cloud that has hovered over the industry for so long. On the surface the numbers still look bad. Realtors in the Alabama Real Estate

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