ACRE meeting shows increased optimism for Real Estate market

Alabama’s real estate professionals are optimistic about the market, including an uptick in home sales.

The crowd was upbeat Thursday at the semi-annual meeting of the Alabama Center for Real Estate’s leadership council.

Like most of their colleagues in the industry, the group’s confidence in a recovery seemed to be high – or at least higher than it was last year, or the year before that.

Sales of new homes in Alabama rose 6.6 percent over the same quarter of 2011, and 8.7 percent this year through June, according to ACRE, which is located at the University of Alabama.

“We’re starting to get back to a more normal market with more normal emotions,” said Tom Brander, local real estate researcher and blogger.

Birmingham’s new home sales have improved 25 percent year to date over 2011, making it the metro with the most improvement behind Montgomery (up 46 percent).

via ACRE meeting shows increased optimism – Birmingham Business Journal.

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