Bright Outlook For Alabama Economy
The Central Alabama Business Journal reports a bright economy for Alabama in the next few years. We have lagged behind the rest of the country in the last few years, but that has changed and we are ahead of the national averages.
Alabama’s population and median family incomes are topping the country’s gains. Our median family income has been inching closer to the national median of $62,400 and now at $51,400 is 86 percent of the national median – the state’s highest reading.
The state’s overall economy is forecast to grow 2.5 percent in 2007, just ahead of the Global Insight’s 2.4 forecast for the country. But, according to University of Alabama’s Center for Economic Research, the state’s economy could easily hit 2.9 percent.
The report also states Alabama real estate is undervalued in most cities, making us a great place to invest. If you are interested in buying Montgomery real estate, visit EmailMontgomeryAlabamaHomes for an automated email home search. Or, contact us, 800-428-5239, for your Montgomery real estate needs.
