When the world zigs, Montgomery zags!
Montgomery is a funny market. Whenever the rest of the world is zigging, Montgomery real estate zags. And if you don't believe it, just consider this:
The Saturday MONTGOMERY ADVERTISER quoted a Friday U.S. Commerce Department report that nationwide sales of new single-family homes dropped by 10.5 percent in Feburary--the largest decline in almost 9 years.
Meanwhile...back in Montgomery...new home sales ROSE 14 percent. And new home prices were up from $139,018 to $161,375. Clearly, there is no bubble bursting here. On the contrary, the Montgomery market is healthy AND still undervalued by most all indices.
AUM economist Keivan Deravi observes that the overall economy will continue to protect Montgomery's housing market.
So sleep well tonight knowing that your investment in your home is secure...and growing.
If you're thinking about investing in real estate--perhaps as a way to fund college for a child--the timing could not be better. We have a lot of good information about the climate for investing at our new site: www.InvestInMontgomeryAlabama.com. Give it a look.
Montgomery is a funny market. Whenever the rest of the world is zigging, Montgomery real estate zags. And if you don't believe it, just consider this:
The Saturday MONTGOMERY ADVERTISER quoted a Friday U.S. Commerce Department report that nationwide sales of new single-family homes dropped by 10.5 percent in Feburary--the largest decline in almost 9 years.
Meanwhile...back in Montgomery...new home sales ROSE 14 percent. And new home prices were up from $139,018 to $161,375. Clearly, there is no bubble bursting here. On the contrary, the Montgomery market is healthy AND still undervalued by most all indices.
AUM economist Keivan Deravi observes that the overall economy will continue to protect Montgomery's housing market.
So sleep well tonight knowing that your investment in your home is secure...and growing.
If you're thinking about investing in real estate--perhaps as a way to fund college for a child--the timing could not be better. We have a lot of good information about the climate for investing at our new site: www.InvestInMontgomeryAlabama.com. Give it a look.
posted by The Hat Team at 3:31 PM
0 Comments:
Post a Comment
<< Home