Huntsville: Top Market for Real Estate Investors (sales, real estate market)

[Charles]

"Huntsville, Alabama tops the list with massive job growth due to the federal government's Base Realignment and Closure (BRAC) program. More than 10,000 new jobs are being created as a result. Huntsville is also nicknamed “Rocket City” as a major NASA hub."

from

Top 10 Buyers Markets For Real Estate Investors

[friday13]

Originally Posted by Charles

"Huntsville, Alabama tops the list with massive job growth due to the federal government's Base Realignment and Closure (BRAC) program. More than 10,000 new jobs are being created as a result. Huntsville is also nicknamed “Rocket City” as a major NASA hub."

from

Top 10 Buyers Markets For Real Estate Investors

That's what we needed: more exposure to RE "investors" - I'm on the buying side of course . Like Kimmel said recently to Leno "leave our RE market alone". But I noticed the first wave of investors tried to unload their inventory in 2008-2009 (unsuccessful in some instances, so I expect to see more "Back on Market" this spring).

[Made_it_To_the_Metroplex]

Brava, Hunstville! Monroe, LA kind of surprised me..... Is there a boom in the agriculture industry I didn't hear about??

[TimG]

Prices and sales in the Huntsville real estate market will most likely continue to be seasonally stable throughout 2010.

They are currently being propped up by the extension of the home buyers tax credit until April 30, 2010. Then a major portion of BRAC relocations will occur late spring and through the summer. Even if many from NOVA don't move with their jobs, most will be filled from outside the Huntsville area.

Sales and prices will then likely slow and decline into mid and late fall. The winter of 2011 may actually reveal the real baseline of the local market but hopefully by then we will be seeing some real economic recovery in the national job market.

Thus Huntsville is not a common real estate market at the moment due to its special circumstances and I would disagree with the article's authors because as a real estate investor, I would much rather invest in markets that I knew had already experienced the brunt of their downturn (prices historically low) and have showed progress in recovery and avoid markets that have been experiencing artificial support throughout the recent housing crisis (prices not historically low).

[DanInHSV]

Consider the source. Nuwireinvestor.com is where OTC stocks put out PR pieces about how their stock is about to blow. I guess the reason they didn't publish their methodology is because they didn't have one.

Personally, I get disgusted by "investors" in real estate since housing is a basic need. They are like other leveraged speculators who want to buy low and sell higher. Except...

Heads they win, tails the taxpayer picks up the tab (FHA, FNM, etc). They don't add any value to the economy, they just drive up prices for existing homes which sit empty until a home buyer is willing to give them a handsome profit. They won't be selling to this home buyer.

[jsherman9901]

Originally Posted by DanInHSV

Personally, I get disgusted by "investors" in real estate since housing is a basic need. They are like other leveraged speculators who want to buy low and sell higher. Except...

Heads they win, tails the taxpayer picks up the tab (FHA, FNM, etc). They don't add any value to the economy, they just drive up prices for existing homes which sit empty until a home buyer is willing to give them a handsome profit. They won't be selling to this home buyer.

We think alike. I'm sorry that a lot of people have lost everything in this housing debacle, but anyone with a lick of sense should have seen it coming. When the price of a place to live exceeds the ability of people to pay, it's only natural that something's gotta give. It gave, big time, now we are ALL paying for it!!!