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The Hat Team

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Displaying blog entries 1991-1998 of 1998

2167 Woodley Rd. Montgomery, AL 36111

Monday, October 29, 2007
by The Hat Team

Come inside and take a look at this wonderful, tudor style home on estate size lot. Traditional style with hardwood floors, deep moldings, built in corner cabinets and includes a large basement. The den is complete with fireplace, wet bar and French doors that open to a massive deck that has just been replaced with new wood. The upstairs has been finished out with a massive master suite complete with sumptuous bath that includes whirlpool tub, separate shower and walk in closet. And speaking of storage, WOW, this is one house that you have more than you need!! The seller has just completed the repainting of the exterior so the home is ready for the new family. Put this first on your list to see. You won't be disappointed.

For more information on this home or other Montgomery real estate, visit our website, HatTeam.com or give us a call for more personalized service, 800-428-5239.

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Montgomery AL Market Trends Report

Thursday, October 25, 2007
by The Hat Team

Conditions in the mortgage market are improving for consumers, which should help to release some pent-up demand in early 2008, according to the latest forecast by the National Association of Realtors®.

Lawrence Yun, NAR senior economist, notes that widening credit availability will help turn around home sales.  “Conforming loans are abundantly available at historically favorable mortgage rates.  Pricing has steadily improved on jumbo mortgages since the August credit crunch, and FHA loans are replacing subprime mortgages,” he said.

Let’s take a look at the September sales statistics for midtown Montgomery to get a better idea of what the future may hold:

As in August, the number of pending sales dropped 39% in September 2007 compared to September 2006.  Likewise, the number of homes sold dropped 27%.  This lull in sales resulted in increased market times - 103 days this September compared to 91 days last September - a 12% increase. 

On a positive note for sellers, the average sales price continued to increase - from $134,907 in September 2006 to $156,726 this September - a 14% increase. 
As the mortgage market begins to improve, it is likely that we will begin to see an improvement in market activity in midtown Montgomery. 

Midtown
Montgomery

Pending
Listings

Sold
Listings

Average
Market Times

Average
Sales Price

September 2007

35

32

103

$156,726

September 2006

57

44

91

$134,907

 On a personal note, wish you all could have been here Saturday for the first ever Cloverdale Streetfest.  As the photo indicates, the crowd was huge and a grand time was had by all.  My team hosted a fortune teller with all donated proceeds going to the Montgomery Humane Society.  Many clients and friends stopped by to express their gratitude for the event--free to all attendees--and to suggest that it become an annual affair!

Of course, the real estate market in midtown Montgomery is always changing from month to month and neighborhood to neighborhood.  To learn more about the current Montgomery AL real estate market, please call me at 800-HAT-LADY or visit HatTeam.com. Also visit EmailMontgomeryAlabamaHomes.com to receive automated emails of new listings that meet your criteria! 

 Information is provided by the Montgomery Area Association of Realtors and is deemed accurate but not guaranteed. 

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2130 McKinley Ave. Montgomery, AL 36107

Friday, October 19, 2007
by The Hat Team

This precious doll house just oozes charm. Custom landscaping greets you as you enter this home from the quaint covered front porch. Living room boasts lots of windows and fireplace with gas logs. Gorgeous recently refurbished hardwood floors gleam throughout the LR, DR, hallway, and bedrooms. The formal dining room can seat 8 comfortably, and has classic built-in china cabinet and storage. You'll love the updated kitchen with tile floor and countertops, and enough space for a small table and a center island if you like! Cozy room off kitchen could be sunny breakfast room (currently used as a home office.) Bath is unusually spacious for this style home and has been nicely updated. There are 3 deep closets and attic space for storage. The shady fenced rear yard has huge mature trees, a small deck, and a large patio perfect for outdoor parties. Detached 1 car garage used mainly as storage/workshop area. This one really outshines its competition, so please don't put off viewing it!


For more information on this home or other Montgomery real estate, visit our website, HatTeam.com or give us a call for more personalized service, 800-428-5239.

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3320 Wellington Rd. Montgomery, AL 36106

Friday, October 19, 2007
by The Hat Team
 

The best of both worlds! If you love the notion of living in a charming historic district with lots of trees and great neighbors but don't like the idea of owning an 80+ year old home, here is the perfect solution. Huge greatroom with tray ceiling, fireplace, hardwood floors and built-ins. Formal Dining room plus sunny breakfast room, updated kitchen with wonderful custom Italian ceramic tile. Downstairs there are 3 bedrooms and 2 baths (master down has been previously used as a den/study.) Upstairs there is a HUGE 20x16 master suite with tons of closets, a dressing area with built-in dressers, and a separate bathing area. Out back you'll find wonderful mature trees shading a lovely patio and landscaped yard with brick privacy fence. Please don't miss out on this one-of-a-kind property.

For more information on this home or other Montgomery real estate, visit our website, HatTeam.com or give us a call for more personalized service, 800-428-5239.

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254 Foxdale Rd. Montgomery, AL 36109

Friday, October 19, 2007
by The Hat Team

Stunning one owner home in such a peaceful setting, you would swear you were in the country. The house is immaculate. The great room has vaulted ceiling, stone fire place, horizontal tongue and groove paneling and laminate wood floors. The split floor plan lives large. The master bath is "his and hers" with separate vanities and walk in closets. The kitchen has been upgraded with granite countertops, stainless steel under counter sink and laminate flooring.

For more information on this home or other Montgomery real estate, visit our website, HatTeam.com or give us a call for more personalized service, 800-428-5239.

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CPI Report Released – Inflation Growing Rapidly

Thursday, October 18, 2007
by The Hat Team

As we reported earlier this week, the September Consumer Price Index Report was released by the Fed on Wednesday. 

 

According to CNN Money, inflation is currently growing at its fastest rate in 4 months.  Year to date, inflation is growing at 3.6% - compared with only 2.5% for all of 2006.

 

The impact of the report on the mortgage market remains to be seen; however, you may read the full article here and remember that the real estate market is a dynamic and unique one!  An experienced Realtor is always your best resource for learning about a local real estate market.

 

To learn more about Montgomery, AL real estate please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com.   You may also begin searching Montgomery AL homes here!

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Montgomery AL Interest Rate Update

Monday, October 15, 2007
by The Hat Team

My friend John Herzog of New South Federal tells me that inflation remains the major question when it comes to the direction interest rates will take for the remainder of 2007. The lowering of short term rates by the FED concerns the long-term mortgage investors that too much stimulation of the economy could cause inflation.

Since the initial FED move downward, inflation numbers have been mixed, with the core rate low but fuel and food causing the actual number to rise. Solution: if we quit eating and driving we can have lower mortgage rates!

This Wednesday the FED will release the CPI Report, which will give us the retail inflation indicator.  It may be the key number this week. 

I will post an update later this week once the CPI is released.  In the meantime, to learn more about Montgomery AL real estate, please call me at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com. 

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How to Avoid Foreclosure in Montgomery AL

Thursday, October 11, 2007
by The Hat Team

We have all heard and read the daunting news about the ongoing rise in the foreclosure rate across America, thanks to increasingly tightening credit standards and rising interest rates. 

 

Many homeowners are lulled into believing that it can or will not happen to them, but would you know what to do if you could no longer pay your mortgage?  It is important to know your options so that you can make an informed decision on the best way to move forward in a stressful situation such as foreclosure.

 

This article from FreddieMac.com does a great job outlining the terms associated with foreclosure and the steps to take if you think you may soon be facing foreclosure.  Among the topics covered in this helpful article:

  • What to do if you can not pay your mortgage
  • What if you can no longer afford to keep your home
  • Beware of scam artists

I would also add to the list of steps to take when facing foreclosure – contact an experienced Realtor!  Along with a reputable lender, an experienced Realtor can help explain your options and guide you through whichever choice you decide to make.

 

For more information about Montgomery AL real estate, please call me today at 800-HAT-LADY or visit HomesForSaleInMontgomeryAlabama.com, I would be happy to help you.  You may also click here to receive a complimentary analysis of your home's value!

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Displaying blog entries 1991-1998 of 1998

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