Sequestration and the Huntsville Real Estate Market

Well I even heard the national news this morning call out Huntsville AL as one of the worst hit cities in the sequestration
path of destruction.
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Almost everyone of my clients has called to ask how this affects the sale of their house and my response is “I don’t know. We have to wait and see”. If our favorite politians up in Washington can’t find some middle ground then Huntsville could be in trouble. I know my family can’t take a 20% pay cut with gas prices on the rise and health care cost said to increase shortly and I feel certain yours can’t either. For those looking to buy or sell a home I am hopeful that since rates are slowly climbing buyers will still sign on the dotted line and make that purchase even if that means they end of buying less of a home to do it. Homeownership is still one of if not the best investment you can make in your future and the dream of homeownership is still very much alive.
The best advise I can give is that and hope that some agreement is reached and the impact in minimal. On a good
note the 400k and up segment of our Huntsville market has been the most active over the past few months which is encouraging in an otherwise not encouraging climate.

If you don’t already own a home now is the time to realize that dream while the 30 year mortgage rate is still well under 4%.

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