January 28, 2011

SmartMoney.com recently ranked Montgomery in the top 5 cities with the lowest-risk housing market.

Posted to Denise Haviland

Per Alyssa Abkowitz, Anna Prior and Neil Parmar of SmartMoney, ….“Boosters of Alabama’s capital point to Maxwell Air Force Base — hub of the Air Force’s officer training and information-technology development — as a backbone of the economy. But the city owes much of its recent success to the migration of auto plants to the South, with Alabama alone boasting about 250 auto-related manufacturers. The Montgomery plant that South Korea’s Hyundai Motor opened in 2005 has added about 7,000 jobs to the tri-county area, including those at more than two dozen suppliers. The factory has done so well that the city recently won a competition for a Hyundai plant that will make electric transformers.

And it’s not just the number of jobs that counts: Keivan Deravi, an economics professor at Auburn University at Montgomery, says that Hyundai has boosted prevailing wages for skilled factory workers in Montgomery by about 20% since its arrival.

Local real-estate experts say strong employment has kept demand for homes constant, while developers have avoided overbuilding. Deravi says that helps keep the economy “boringly stable.” And that’s good news for homebuyers in a city where housing dollars go a long way.

This is something that we try to convey but sometimes people forget the old adage about believe nothing of what you hear over the news media. Okay, maybe that is not an old adage but it should be!

Let’s start the New Year with a glass half full outlook. But our “glass half full” is that we do have a lot going for us already with the steady factors in our local economy. Our market had not seen the HUGE jumps in appreciation before the “bubble burst.” Therefore ours did not need to fall like other markets. That does not mean that there are not good deals to be had. There are some tremendous deals just waiting for the right buyer. We are here to help!

Posted by: Denise Haviland



January 20, 2011

About Alfa Realty

Posted to

Alfa Realty, based in Montgomery, Alabama is ranked the number one real estate company in home sales in the tri county area of Montgomery, Elmore, and Autauga counties.

With over ninety Realtors and three offices to serve the River Region, the company has grown to be the largest realty company in the area.

In addition to its proven success in marketing homes and land, Alfa Realty exclusively represents new home community developments such as Sturbridge Plantation, Rockbridge, Piedmont Place, Breckenridge, Grove Park, Silver Hills, The Columns, The Cove, Pebble Creek Fairfield, Dexter Ridge and many others throughout the region.

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