Steady Birmingham Home Market

I found an article earlier today from a few months ago that was quite interesting. Despite all the press about the real estate market being in a down turn and slowing down, Birmingham seems to be breaking the mold.

In the interview the president of the Greater Birmingham Association of Home Builders, George Williams, stated that the Birmingham market had remained fairly steady according to profits and sales data.

Williams said, "Birmingham never experiences the astronomical inflation rates in real estate at 40 to 50 percent a year. Birmingham has remained normal in the 5 to 10 percent range, so we didn't have the fall-off other parts of the country had,” and "A very strong economy, one of the lowest unemployment rates in the country and that growth is fueling additional investment in housing and we are very fortunate seeing one of the best economies we've seen in a long time,"

Birmingham has been ranked as one of the top 10 cities in 2007 for real estate in the nation by Fortune Magazine.

The information for this article was found on WVTM-NBC 13 from February 19, 2007.