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Alabama Realtors release August Economic and Real Estate Report

Summary by Ground News
The average 30-year fixed mortgage rate continues to impact buyers and sellers alike. The combination of higher mortgage rates and limited supply is helping to support higher prices, which is ultimately benefitting sellers. Despite the increase in prices, the state remains one of the ten most affordable states to own a home.

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Alabama Political ReporterAlabama Political Reporter
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Alabama Realtors release August Economic and Real Estate Report

According to the August 2023 Alabama Economic and Real Estate Report released by the Alabama Association of REALTORS®, Alabama continued to experience an increase in average sales price and an overall slowdown in home sales activity in August. Alabama’s August home sales activity decreased relative to last month, marking the second consecutive month of declining sales. The average 30-year fixed mortgage rate continues to impact buyers and seller…

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Alabama Political Reporter broke the news in on Friday, September 22, 2023.
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