HUNTSVILLE, AL -- Huntsville Mayor Tommy Battle appeared on Fox Business Tuesday morning, where he was interviewed about Huntsville's "bulletproof" economy. The appearance was spurred by Kiplinger's Personal Finance magazine ranking Huntsville's No. 1 in its "10 Best Cities for 2009" based largely on solid job opportunities. In the appearance, Battle touted Redstone Arsenal and NASA jobs, plus

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2009 lags first half of 2008; totals up for last 2 months

Madison County home sales for the first half of the year were down 16 percent from the same period in 2008, local Realtors reported Tuesday. But home sales have increased for two straight months.

From January through June, 2,083 homes sold in Madison County, compared with 2,488 for the same period last year, according to the Huntsville

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 For the second straight month, Huntsville home prices have increased, according to newly released data from First American CoreLogic and its LoanPerformance Home Price Index.

Prices here increased 0.84 percent in May compared to a year ago and in April, Huntsville showed an increase of 1.03 percent compared to one year prior, according to First American CoreLogic.

On average, housing prices in

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Talk about a bulletproof economy. This northern Alabama city represents critical mass for the nation's missile-defense and aerospace industries. The medical and life-sciences industries are thriving, too. Thousands of new jobs are pouring into town. With a few exceptions, business in Huntsville is so healthy that Mayor Tommy Battle has a pleasant problem: "We have more jobs than we can fill."

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For the third straight month, at least 15 of the nation's 20 largest real estate markets showed relative monthly improvement in May 2008, according to the S&P/Case-Shiller Home Price Index. I use "relative monthly improvement" as another way of saying that markets are "less worse than they were" and that's good for the housing market (although you wouldn't know it by looking at the headlines). 
 

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Opportunity of a Lifetime for first- time home buyers. This one time only chance only lasts until 7-1-09. 

First-time homeowner tax credit

The law will extend a tax credit of up to $7,500 to first-time homebuyers. A first-time homebuyer is defined as someone who hasn't owned a home in three years.

The tax credit is for 10% of the purchase price, up to $7,500, but phases out for higher-income

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The staff at the Huntsville Development, Inspiration on Green Mountain, take the time to detail the primary concerns of buyers and builders in their quest to provide Huntsville's need for the first Green Development.

July 15, 2008 -- Demand for green homes is slowly growing and becoming mainstream

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Alabama home sales rise in March from previous month, UA real estate center says.

Home sales across Alabama rose 10 percent in March from the previous month, according to the University of Alabama's Center for Real Estate.

The center said 3,951 homes across Alabama sold last month, compared to 3,593 in February. The figure trails by 27 percent last March's, when 5,405 homes were sold statewide.

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Despite the national trend,area is strong and growing

Seeking to calm fears about the housing market locally and to highlight the favorable job growth trends, area Realtors and home builders presented their case at a press conference Wednesday.

Among the items highlighted were rising median sale prices in 2008, sellers getting prices near their asking price and a local economy expected to add an

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Affordability gives city, state an edge as U.S. market lags

Despite reports of a deflating nationwide housing market, Huntsville and most of Alabama are ticking right along, according to a University of Alabama study.

After declining in July, the Alabama housing market rose 8.2 percent in August, to 5,790 sales from 5,350, the Alabama Real Estate Research and Education Center reported this week.

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