Huntsville Economy and Real Estate markets are stabilizing at a faster rate than other areas. National unemployment has come down to 8.5%. The most recent unemployment rate in Huntsville is 6.8%. Any significant decrease in unemployment this year will go a long way toward supporting a stronger economic recovery and consumers staying confident.
Another key point is the absence of government home-buyer incentives, prices of non-distressed home sales have largely stopped declining and have been stabilized for a while. Some areas here in Huntsville with the upper price range of homes have seen modest declines in value, but for the most part home prices in Huntsville have stabilized.
An improving job market and home prices stabilizing for non-distressed home sales are all signs that point to a housing recovery taking shape.