Category Archives: Press

Gulf Coast Real Estate After The Oil Spill

Here is a very good piece done for NPR by Donna Frankavilla I was glad to help out..

A copy is here for listening

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Alabama’s coastal home sales plummet | al.com

I  hate reporting such depressing news. But I hope that the emerging data will help affix some of the liability to BP.. I think this article which I contributed to begins to explore what is going to be a very trying time for homeowners on the coast.Click on the link to read it all on the AL.com site.

Tom

Last month, the dollar value of homes sold in the Baldwin County area totaled $70.6 million, a 17 percent drop from April and an 11 percent drop from May 2009, according to Tom Brander, publisher of the Rudulph/Brander Monthly Birmingham Area Real Estate Report.

via Alabama’s coastal home sales plummet | al.com.

Shelby County tax roll shows property value drop for first time in years (with searchable database) | al.com

A good article on the recent tax revaluation in Shelby county, Alabama Click though for the whole article and some good background and analysis.

By Veronica Kennedy — The Birmingham News and Jeff Hansen — The Birmingham News But real estate agents in Shelby County acknowledge that sale prices dropped overall last year. And Tom Brander, a real estate analyst and publisher of the Rudulph-Brander Report, thinks the county’s revaluation understates the degree that home prices have dropped.

“What I’ve seen over the last year is about a 6 percent reduction in price,” he said. “The county is setting itself up to deal with a lot of protests, because the reductions are probably more” than the 1.4 percent average the county found.

Brander said the higher-priced home market is especially distressed.

via Shelby County tax roll shows property value drop for first time in years (with searchable database) | al.com.

Birmingham-area Parade of Homes marches back after year off | al.com

Nice article from Dawn Kent in the Birmingham News. I visited the homes at Viridian for the Parade kick-off, sponsored by The Alabama Center for Real Estate, and was quite impressed with the property and the turn-out for the event.

Brander’s report also noted growth in new home sales. Last month, 207 new homes were sold in metro Birmingham, up 97 percent from February and up 11 percent from March 2009.

There’s a similar story across the state and nation, according to the Alabama Center for Real Estate at the University of Alabama. In February, 781 single-family building permits were issued in the state, up 21 percent from the previous year, while U.S. permits rose 32 percent.

via Birmingham-area Parade of Homes marches back after year off | al.com.

Metro Birmingham home sales rise over January, fall from year ago | al.com

Thank you Dawn for the nice inclusion.

Metro Birmingham home sales rise over January, fall from year ago By Dawn Kent — The Birmingham News March 16, 2010, 6:15AM

February home sales in metro Birmingham inched up from January but fell from a year ago, as the local market’s start-and-stop recovery continues.

Home sales totaled 789 last month, up 11 percent from the month before, according to real estate expert Tom Brander’s monthly report. The sales total, however, represents a 16 percent drop from February 2009.

Meanwhile, the Birmingham Association of Realtors reported similar numbers. Last month’s home sales were 645, a 14 percent rise from January and an 11 percent fall from the year-ago period.

Brander, whose analysis covers a wider geographical area than the Realtors’ group, noted that February’s rise from January, which he had predicted, was “way less than expected.”

“Good news is coming, I hope!” he wrote. “March has for 10 years at least, been better than February, so the outlook for sales next month is better.”

via Metro Birmingham home sales rise over January, fall from year ago | al.com.

Report: Local home sales to pick up in February – Birmingham Business Journal:

More details on Birmingham in the article below this one here. Also see the 1st quarter outlook Alabama Real Estate Confidence Index article here.

Birmingham Business Journal – by Lauren B. Cooper Staff

If  history follows the 10-year average, homes sales are likely to pick up in February, said a local real estate blog.

Tom Brander, head of local real estate blog TomBrander.com, said in his January home sales report that February has always been better than January, at least for the last 10 years.

But Brander warned against outright optimism after a 25 percent drop in January homes sales over the previous month and a 7 percent year-over-year drop.

New home sales during January totaled 109, which was 33 percent less than in December, and used home sales were at 585, which was 23 percent less than December. And total local dollar sales were down 34 percent to $106.4 million, compared to $161.6 million in the previous month.

via Report: Local home sales to pick up in February – Birmingham Business Journal:.