Huntsville Foreclosure | Huntsville Alabama Foreclosed Homes Blog

Sales of single-family homes in Madison County jumped nearly 20 percent in March, the Huntsville Area Association of Realtors reported Monday.

The increase - from 284 homes sold in February to 340 homes sold in March - marks the second consecutive month to see an increase in sales. In January, 268 homes were sold.

March sales were down 9.6 percent from the same month last year.

 Written by Gina Hannah- The Huntsville times

Original article

Many Smaller Cities Dodge Crunch in Consumer Lending

Wall Street Journal | MARCH 30, 2009

Consumer-lending activity has increased in numerous midsize cities in the U.S., a sign they are riding out the recession better than big cities and rural towns, an analysis of credit data shows.

As banks pull back on risk taking across the nation, consumer-loan balances in places like Huntsville, Ala., are rising. In Huntsville, a metropolitan area of 376,000 that is home to many government contractors, borrowing increased 13.2% per household in last year's fourth quarter, compared with the year-earlier period, according to data provided to The Wall Street Journal by Moody's Economy.com and Equifax Inc.

Prospective buyers given look at what's out there; homes ‘do need work'

 One by one, they stepped from the charter bus into the late morning sun, carrying clipboards, pens and cell phones. They made notes and took pictures of the three-bedroom, bungalow-style house in southwest Huntsville. They gazed at stained carpet, missing soffit and fascia boards, holes punched in walls and doors, possibly by owners angry at having to move out of their home.

We had a story about us in the Huntsville Times!

Heres the print version

Below is the web version of the article.  How exciting!

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Program will include wide range of prices

You'll see them in places hit hardest by the housing crisis: Tour buses rolling through the streets of Las Vegas, Atlanta, Detroit, shuttling prospective buyers interested in finding a deal on a foreclosed property.

According to a recent article in Forbes Magazine, it ranks Madison County as the top county in the nation to live!