Birmingham Alabama Real Estate Blog

Here is how the month of July looked for Birmingham Alabama Real Estate. As we have always stated that as a homeowner, potential resident, potential seller, or as a real estate consultant, we think it is always important to know the stats about what is happening with Hoover AL Real Estate. For this report we wanted to focus in on The Preserve Real Estate in Hoover, Alabama.

July 2008 Listed Properties

For the month of July there were 3 Newly Listed The Preserve Homes for Sale. The Average Price was $737,010 and The Median Price was $560344.

July 2008 Sold Properties

For the month of July there was 1 Sold homes in The Preserve AL Real Estate in Hoover, Alabama. The Average Price was $512,600. The Median Price was $512,600 with 84 Average Days on Market, at 102% of list price.

Currently active as of 9/1/08

Currently there are 31 Active The Preserve Homes for Sale with an Average Price of $599,248. The Median Price is $579,900 with 134 Average Days on Market.

Read Also: Birmingham Alabama Real Estate 2006 vs 2007

Read Also: Birmingham Alabama Homes for Sale and Community Overviews

If you would like to be contacted as soon as Hoover homes for sale become available in the Hoover area just let us know. To view our Hoover AL Real Estate and Community Tour go to the www.HooverRealEstateChannel.com. For more information about the Hoover Community you can also go to the Hoover Chamber of Commerce.If you would like to be contacted as soon as The Preserve homes for sale become available just let us know, or to get up to date market information go to www.PreserveHomePrices.com

*Note these Birmingham Alabama Real Estate stats are accurate as of 9/08 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS

See The Preserve Homes for Sale

You must have heard about the about Fannie Mae and Freddie Mac and because it’s important to us that you get the ‘ Straight Talk” we thought we would take a minute and interpret for you exactly what it means and how it will impact you personally.

First a little history.

A couple of month’s ago the federal government took action to shore up Fannie Mae and Freddie Mac.

For starters, the Federal Reserve opened the discount window to allow the two government sponsored enterprises to borrow lots of money, at 2.5% to cover there mounting losses.

The Fed committed to making sure that these two companies who hold or guarantee 5.2 trillion dollars worth of mortgages didn’t go belly up.

So here’s what’s going on now:

Freddie and Fannie have lost 3.1 billion dollars between April and June, and about 14 billion dollars year to date.

Now the guys at the top of both companies are getting kicked out, and there have been some revelations of poor management as well as the possibility of cooked books.

So the Fed is stepping in, and putting the companies into conservatorship. Sort of like Chapter 11 reorganization. They’re going to buy around 100 billion dollars worth of Fannie and Freddie mortgage backed securities.

This is a big deal, because not only does it show the government’s commitment to keeping these companies afloat, but also because it can have a positive effect on rates.

What we can expect is more of what we’ve seen in the past year. Lenders have gotten away from the very loose underwriting guidelines of the last several years.

Borrowers will really have to have their ducks in a row with good documentation, and credit issues dealt with in advance.

So here’s the bottom line- Mortgages for Birmingham Alabama Real Estate are going to continue to be available with good rates, but lenders are going to be very strict in they’re underwriting.

Read Also: Birmingham Alabama Homes for Sale and Community Overviews

See Also: Birmingham Alabama Mortgage Options

So the next time your in a conversation with a family member, friend, or neighbor and you know that they have a job, a good credit rating and will keep their commitment to pay back their loan and they mention that they need help getting a loan for real estate or help in finding a home in Birmingham Alabama to fit their needs do these three things.

1.    Take out your cell phone.
2.     Look up our number. 205-383-3358
3.    Call us immediately and we can talk about how you can introduce them to us.

We hope this information has been helpful to you, and we’ll keep you posted on any new developments.

Here is how the month of July looked for Birmingham Alabama Real Estate. As we have always stated that as a homeowner, potential resident, potential seller, or as a real estate consultant, we think it is always important to know the stats about what is happening with Hoover AL Real Estate. For this report we wanted to focus in on Greystone Real Estate in Hoover, Alabama.

July 2008 Listed Properties

For July there were 35 Newly Listed Greystone Homes for Sale. The Average Price was

$573,000. The Median Price was $429,900.

July 2008 Sold Properties

For July there were 22 Sold homes in Greystone AL Real Estate in Hoover, Alabama. The Average Price was $394,527. The Median Price was $381,000 with 79 Average Days on Market, at 94% of list price.

Currently active as of 8/1/08

Currently there are 182 Active Greystone Homes for Sale with an Average Price of $703,925 The Median Price is $599,900 with 156 Average Days on Market.

Read Also: Birmingham Alabama Real Estate 2006 vs 2007

Read Also: Birmingham Alabama Homes for Sale and Community Overviews

If you would like to be contacted as soon as Hoover homes for sale become available in the Hoover area just let us know. To view our Hoover AL Real Estate and Community Tour go to the www.HooverRealEstateChannel.com. For more information about the Hoover Community you can also go to the Hoover Chamber of Commerce.

If you would like to be contacted as soon as Greystone homes for sale become available just let us know, or to get up to date market information go to www.GreystoneHomeprices.com To view our Greystone Real Estate and Community Tour go to the Greystone Real Estate and Community Tour.

*Note these Birmingham Alabama Real Estate stats are accurate as of 09/01 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

See Greystone Homes for Sale

Here is how the month of July looked for Birmingham Alabama Real Estate. As we have always stated that as a homeowner, potential resident, potential seller, or as a real estate consultant, we think it is always important to know the stats about what is happening with Hoover AL Real Estate. For this report we wanted to focus in on Brook Highland Real Estate in Hoover, Alabama.

July 2008 Listed Properties

For the month of July there were 9 Newly Listed Homes for Sale. The Average Price was $482,933 and The Median Price was $459,900.

July 2008 Sold Properties

For the month of July there were 6 Sold homes in Brook Highland AL Real Estate in Hoover, Alabama. The Average Price was $371,917. The Median Price was $367,000 with 57 Average Days on Market, at 97% of list price.

Currently active as of 9/1/08

Currently there are 34 Active Homes for Sale in Brook Highland with an Average Price of $421,234. The Median Price is $433,000 with 110 Average Days on Market.

Read Also: Birmingham Alabama Real Estate 2006 vs 2007

Read Also: Birmingham Alabama Homes for Sale and Community Overviews

If you would like to be contacted as soon as Hoover homes for sale become available in the Hoover area just let us know. To view our Hoover AL Real Estate and Community Tour go to the www.HooverRealEstateChannel.com. For more information about the Hoover Community you can also go to the Hoover Chamber of Commerce.If you would like to be contacted as soon as The Preserve homes for sale become available just let us know, or to get up to date market information go to www.BrookHighlandHomePrices.com

*Note these Birmingham Alabama Real Estate stats are accurate as of 9/08 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS

See Brook Highland Homes for Sale

Here is what the month of July looked like for Birmingham Alabama Real Estate. As we have always stated that as a homeowner, potential resident, potential seller, or as a real estate consultant, we think it is always important to know the stats about what is happening with Hoover AL Real Estate. For this report we wanted to focus in on Trace Crossings Real Estate in Hoover, Alabama.

July 2008 Listed Properties

For the July there were 19 Newly Listed Trace Crossings Homes for Sale. The Average Price was $423,314. The Median Price was $379,900.

July 2008 Sold Properties

For the July there were 2 Sold homes in Trace Crossings AL Real Estate in Hoover, Alabama. The Average Price was $299,992. The Median Price was $327,183, with 1 Average Days on Market, at 95% of list price.

Currently active as of 8/1/08

Currently there are 74 Active Trace Crossings Homes for Sale with an Average Price of $453,577. The Median Price is $399,900 with 68 Average Days on Market.

Read Also: Birmingham Alabama Real Estate 2006 vs 2007

Read Also: Birmingham Alabama Homes for Sale and Community Overviews

If you would like to be contacted as soon as Hoover homes for sale become available in the Hoover area just let us know. To view our Hoover AL Real Estate and Community Tour go to the www.HooverRealEstateChannel.com. For more information about the Vestavia Community you can also go to the Hoover Chamber of Commerce.

If you would like to be contacted as soon as Trace Crossings homes for sale become available just let us know, or to get up to date market information go to www.TraceCrossingsHomePrices.com. To view our Trace Crossings Real Estate and Community Tour go to the Trace Crossings Real Estate and Community Tour.

*Note these Birmingham Alabama Real Estate stats are accurate as of 8/01 according to the Birmingham MLS. They are subject to change as agents submit listed and sold properties into the MLS.

See Trace Crossings Homes for Sale