Unemployment has gone up slightly, says Ahmad Ijaz, economic analyst at the University of Alabama's Center for Business and Economic Research. And the recession has caused fear and anxiety. Consumer spending has declined, and home sales fell 22.7% in May in Huntsville, compared with the same month last year. Fewer multiple offers are being seen this year than in 2008.
But Huntsville real estate is still selling, especially those priced at $300,000 and less. Slower-selling high-end homes are maintaining prices. In the past, the housing market has been resilient.
Learn more about Huntsville real estate by visiting MoveToHuntsville.com.