Tag Archives: Alabama

Huntsville makes Top 10 list of safest places to drive

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Huntsville and Montgomery have been named two of the safest cities for driving a car by Bankrate.com.

Does this surprise you?

According to the list, the odds of getting into a collision in the city of Huntsville are 20.1 percent less than the national average, giving the city a No. 7 spot on the list.

The city of Montgomery is ranked No. 9 because motorists are 16.3 percent less likely to get into a crash in Alabama’s capitol city than the national average.

Here is Bankrate’s Top 10 list of safest cities to drive:

  1. Fort Collins, Co.
  2. Boise, Idaho
  3. Sioux Falls, S.D.
  4. Brownsville, Texas
  5. Madison, Wis.
  6. Reno, Nev.
  7. Huntsville
  8. Visalia, Calif.
  9. Montgomery
  10. Eugene, Ore.

2 Alabama cities make Top 10 list of safest places to drive a car. What do you think? | AL.com.

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Huntsville among top 10 Most Promising U.S. Tech Hubs to watch in 2014 by Techie.com

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Downtown Huntsville. (AL.com file photo)

Huntsville was the only city in Alabama to make Techie.com‘s new Most Promising Tech Hubs of 2014 list.

Other U.S. cities featured on the list, which was released Monday, were Atlanta; Burlington, Vt.; Fort Collins, Colo.; Champaign/Urbana, Ill.; Detroit; Kansas City, Mo.; Orlando, Fla.; Minneapolis/St. Paul; and Sioux Falls, S.D.

“One of the most important factors in naming our most amazing tech hubs is the presence, or at least the emergence, of a tech and startup culture,” said Dan Blacharski, Techie.com editor-in-chief. “Without the culture, the meetups, and the fun places to go in the city, tech startups just won’t want to come.”

Techie.com editors also considered other factors, including the presence of incubators, accelerators and co-working spaces, city and community support and available infrastructure, such as high-speed Internet.

A Techie.com article highlighting the top 10 cities lauded Huntsville’s Cumming Research Park, aerospace and military technology companies, and the NASA Marshall Space Flight Center.

“But it’s not all government and academia; Huntsville is rapidly emerging as one of the best places in the South for small, emerging tech businesses,” Blacharski said.

The piece also features quotes from BizTech Chief Executive Officer Gary Tauss and Huntsville entrepreneur and Small Business Meetup Group creator Brandon Kruse.

Click here to read the full article.

“For a great place to launch a startup, entrepreneurs need look no further than Huntsville,” Blacharski said. “The entrepreneurial scene, and vibrant incubators like Biztech – along with good old fashioned southern hospitality – has made Huntsville one of the greatest laboratories for tech startups in the country.”

Among some of Huntsville/Madison County’s other recent honors: the third best U.S. city for Science, Technology, Engineering, Math (STEM) graduates by NerdWallet; a top high-tech U.S. hotspot by the Progressive Policy Instituteone of the top U.S. cities on the rise by NerdWallet; a high-ranking U.S. city for economic growth potential by Business Facilities Magazineone of the best cities for high-tech startups by Entrepreneur Magazine; and a great city for computer programmers by ValuePenguin.

Huntsville among top 10 Most Promising U.S. Tech Hubs to watch in 2014 by Techie.com | AL.com.

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Huntsville among the best places for home ownership in the U.S.

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Financial literacy and consumer advocacy site NerdWallet has ranked Huntsville and Birmingham-Hoover among some of the best places for homeownership in the U.S.

NerdWallet, which studied 100 populous areas and categorized the winning metros by size, listed Huntsville as its No. 1 small metro and Birmingham-Hoover as its No. 9 large metro for homeownership, affordability and area growth.

The city of Huntsville was lauded for having a homeownership rate of 70.9 percent, median monthly household income of $4,534 and a 1.2 percent population growth from 2011-12. The analysis also found that homeownership costs are 26.6 percent of a resident’s monthly household income in Huntsville.

“Huntsville is located in northern Alabama where the Army’s Redstone Arsenal, Cummings Research Park and NASA’s Marshall Space Flight Center anchor the local economy in the technology, space and defense industries,” said Jaime Ortiz, an analyst for NerdWallet. “The area is also home to the University of Alabama in Huntsville where tech-focused programs like UAH’s College of Engineering train a highly skilled workforce. The deep talent pool of engineers attracts top employers like Boeing to Huntsville, providing local residents an abundance of job opportunities.

Other areas to make the small metro list were Fort Wayne, Ind., Myrtle Beach/North Myrtle Beach/Conway, S.C., Charleston, W. Va., Ocala, Fla., Naples/Marco Island, Fla., Columbus, Ga., Springfield, Mo., Fort Collins/Loveland, Colo., and Wilmington, N.C.

The NerdWallet analysis said Birmingham-Hoover has a homeownership rate of 70.1 percent, median monthly household income of $3,888 and a 0.4 percent population growth from 2011-12. The Jefferson County metro averages $1,264 in monthly homeownership costs.

The large metro list featured several other areas, including Raleigh/Cary, N.C.,
Charlotte/Gastonia/Rock Hill, N.C./S.C., Salt Lake City, Indianapolis/Carmel, Ind., Nashville/Davidson/Murfreesboro/Franklin, Tenn., San Antonio/New Braunfels, Texas, Jacksonville, Fla., Louisville/Jefferson County, Ky., and Denver/Aurora/Broomfield, Colo.

Do you live in one of Alabama’s Top 10 cities? Click here to find out.

via Which Alabama cities are the best places for homeownership? 2 state metros make national list | AL.com.

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Huntsville listed among 8 up-and-coming tech hubs in the U.S.

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Is the Rocket City an aspiring Silicon Valley? An Austin-based company ranking America’s eight up-and-coming tech hubs seems to think so.

SpareFoot shined the spotlight on Huntsville in a blog post today highlighting the country’s top emerging tech cities.

In the listing, SpareFoot praised Huntsville for placing 14th last year on Entrepreneur.com’s 25 best U.S. cities for technology startups list. The city was also lauded for having a “startup mover and shaker” like BizTech and “feather in its cap” like Cummings Research Park.

Huntsville companies Bragg Peak Systems, Correlated Magnetics Research, Curse and eTruckBiz were recognized as the city’s “tech stars.”

Other cities included in the listing were: Charleston, S.C.; Detroit; Kansas City, Mo.; Las Vegas; New Orleans; Orlando, Fla.; and Provo, Utah.

In October, Huntsville ranked No. 4 on the Progressive Policy Institute’s list of 25 high-tech U.S. hotspots. Huntsville was also recently the only Alabama city to make Techie.com’s top 10 most promising tech hubs to watch in 2014 list.

Huntsville listed among 8 up-and-coming tech hubs in the U.S. by Austin-based startup | AL.com.

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Huntsville/Madison County February home sales up 6% from prior month

Huntsville/Madison County area residential sales in February improved 6.1 percent from the prior month. In contrast, sales totaling 333 units, represented a slip in sales growth of 11.4 percent from the same period a year earlier and 16 units shy of ourmonthly forecast.

Click here to view or print the entire January report compliments of the ACRE Corporate Cabinet.
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View full sizeHuntsville/Madison County residential sales up 6% from prior month. Inventory is 6% below February 2011 peak. Infograph provided by ACRE. All rights reserved.

Supply: Huntsville housing inventory totaled 2,880 units, an increase of 68 units from last February. New home inventory is down 2.2 percent year-over-year while existing single family is up 4.1 percent. The inventory-to-sales ratio in February was 8.6 months of housing supply (5.5 months for new construction – down from 6.3 in January). The market equilibrium (balance between supply and demand) is considered to be approximately 8 months during February. Huntsville and Baldwin County were Alabama’s most balanced markets in 2013. February inventory in Huntsville experienced a 2.0 percent (57 units) increase when compared to the prior month. This movement is consistent with historical data trends that indicate February inventory on average (€™09-€™13) increases from the month of January by 1.7 percent.

Demand: Existing single family home sales accounted for 71 percent (up from 64% in Feb’13) of total sales, new homes sales accounted for 25 percent (down from 34% in Feb’13) while condos were 4 percent of sales (up from 2% in Feb’13).

Residential sales in February improved by 6.1 percent from the prior month. Real estate sales volume is seasonal and historical Huntsville data reflects that February sales, on average (€™09-€™13), increase from the month of January by 13.5 percent.

Pricing: The Huntsville median selling price in February was $156,400, a slip of 6.5 percent from February 2013. In contrast, the median price increased by 1.3 percent from last month. Historical data (09-13) indicates that the February median selling price traditionally decreases from the month of January by 2.2 percent. Pricing can fluctuate from month-to-month as the sample size of data (closed transactions) is subject to seasonal buying patterns so a broader lens as to pricing trends is appropriate.

View the current monthly Huntsville Residential Report here.

The Huntsville Residential Monthly Report is work product developed in conjunction with the Huntsville Area Association of REALTORS to better serve North Alabama consumers. The ACRE monthly report is provided to illustrate the “general” market direction & trends when comparing prior periods with the most current available data. Real estate is local and statistics will fluctuate between areas within a city including subdivisions. ACRE recommends that you consult a local real estate professional for “specific” advice associated with your market.

About ACRE. ACRE was founded in 1996 by the Alabama Real Estate Commissionthe Alabama Association of REALTORS and the Office of the Dean, UA Culverhouse College of Commerce. ACRE is not a state-funded entity, rather its operates in part because of the goodwill & generosity of our statewide ACRE Partners.

Alabama real estate resources & news, please visit our website and our ACRE blog. You can also follow ACRE from our facebook page, just “like” http://www.facebook.com/acreua and/or follow on twitter at @uaacre.

Huntsville/Madison County residential sales improve 6% from prior month | AL.com.

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