The Alabama Center for Real Estate (ACRE) reports that Alabama residential sales totaling 5,200 units in June reflect an increase of 17.5 percent growth from the same period a year earlier.
In new campaign efforts to bring millennials into the homebuying pool, realtor.com® is launching a five-part online video series that gives first-time buyers a humorous look at the stages of the purchase cycle. The "webisodes" feature Emmy-nominated actress Elizabeth Banks and are dubbed “The Home-Buying Process in Plain English with Elizabeth Banks.”
NerdWallet found the most affordable city for first-time buyers is Greenville, which is located about 45 miles south of Montgomery. Second on the list is Bay Minette, followed by Opp, Moores Mill, Roanoke, Hamilton, Lincoln, Arab, Tuscumbia and Tillman's Corner.
Home shoppers, sellers and buyers routinely quote Zillow's automated property value estimates — known as Zestimates — to realty agents as gauges of market value. Are they accurate? Zillow CEO Spencer Rascoff says that nationwide Zestimates have a “median error rate” of about 8%.
The Alabama Center for Real Estate (ACRE) releases the May residential sales report.