Mobile Realtyreality

This is a fact most area Realtors have been aware of for awhile. A major problem is the national media focusing on the weakest areas of the economy, not focusing on positive stories or anything that give consumer confidence. Like someone said recently in a sales meeting, “if you want the local weather, you don’t listen to the national news”. A number of positive things are continuing to happen in Mobile that should keep the local economy at least on a level plateau with some population and economic growth over the short term.

(From The Mobile Press Register)

“Mobile area homes values were ranked No. 6 in the top 20 metropolitan areas showing highest appreciation last year, according to a recent study by the Federal Housing Finance Agency.

Home values increased by 4.97 percent in the year that ended Sept. 30, the study showed.

“Mobile is holding its own compared to the rest of the nation,” said Jeff Newman, executive director of the Mobile Area Association of Realtors. Mobile’s annual appreciation rates were at 7 percent to 8 percent approaching the peak market of 2005, he said, but in the sluggish market had been averaging in the 3.5 percent to 4 percent range in the past year.” For the full article, see Mobile area home values rank high.