drupal -

Alabama State Overview

Naomi M — Sun, 30 Sep 2007 22:09:04 -0500

Capital: Montgomery
Estimated 2004 population: 4,530,182
Change from 2000: +83,082
2004 housing units: 2,058,951
Housing units change from 2000 - 2004: +88,862

Top Alabama Cities

Alabama Economy

Mobile Alabama housing market is in pretty good shape

Naomi M — Thu, 29 Nov 2007 23:20:01 -0600

Researchers at the University of South Alabama say you may see more "for sale" signs, but that doesn't mean homes are not selling.

Officials told News Five Mobile is in pretty good economic shape and the average price of a home is $160,000.

The job market has also been doing well so people can afford to buy or sell their homes.

South Alabama housing trends: steady

Wed, 31 Oct 2007 13:17:02 -0500

Don't judge the local real estate market by what's going on nationally, advises Don Epley, real estate professor at the University of South Alabama.

Mobile's economic activity is at its highest point since 1990, and the area economy is projected to grow almost 9 percent annually, according to a report released by Epley, director of the Center for Real Estate Studies at USA. Plus, he said, "We're showing 8 to 9 percent nominal growth in Baldwin County, which is very good for what is basically a rural county that has been branded as a retirement and commuter area to Mobile."

Mobile, Montgomery scores a top 10 in emerging boomtown housing markets

Sun, 30 Sep 2007 00:00:00 -0500

Mobile and Montgomery were listed among the top 10 bounce-back housing markets in the country by CNN.com this past week. In just 10 years Mobile is now emerging as the South's next boomtown and magnet for mega projects.

A key to this turn-around is the economic growth. The city was praised for all the jobs that will be created by the $3.7 billion Thyssen- Krupp steel mill in north Mobile, the new container terminal at the Port of Mobile and the Airbus North America engineering center that will employ 150 people at Brookley Field.