January Governmental Affairs Update

Mobile Area Association of REALTORS®

January Governmental Affairs Update

Welcome to the first 2024 issue of the Governmental Affairs Update! In this issue, we will be covering a wide range of topics, including updates on legislative developments, analysis of key policy initiatives, and insights into the workings of government at all levels. We have been monitoring the latest developments closely, and we are excited …

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Celebrating Black History Month

Pioneering Leadership: Deborah Robinson, Trailblazing President of the Mobile Area Association of REALTORS® Deborah Robinson’s journey to becoming the first Black president of the Mobile Area Association of REALTORS® began with an invitation to join the local chapter of the Women’s Council of REALTORS®. Reflecting on her path, Robinson quoted Phillip Stanhope, “Whatever is worth …

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Mobile Area Residential Market Trends for January

MOBILE, Ala. — The Gulf Coast Multiple Listing Service (GCMLS) has released its data analysis for the Mobile Area’s residential real estate market in January, revealing notable trends that reflect the region’s dynamic housing landscape. Months of Inventory, a key indicator of market supply and demand, stood at 2.58 in January, showcasing a 4.44 percent …

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Mobile Area 2023 End of Year Residential Market Report

MOBILE COUNTY, Ala. — The real estate market in Mobile County has demonstrated resilience and growth in 2023, as shown by data from the Gulf Coast Multiple Listing Service compared to 2022. One of the most notable improvements is seen in the median days on the market, which has significantly decreased to 20 days in …

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November Mobile County Area Residential Market Trends

The Gulf Coast Multiple Listing Service has released the residential real estate data for the Mobile County area for the month of November, revealing notable trends in key metrics. The months of inventory for November stand at 2.74, showing a modest increase of 4.18 percent compared to October. This indicates a slight uptick in housing …

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Mobile Area Registered Home Price Increase in 3rd Quarter of 2023

MOBILE, Ala. — In the third quarter of 2023, the Mobile metro area’s median single-family existing home price climbed 9.6%, at $233,800, compared to $213,300 in the third quarter of 2022, according to the National Association of REALTORS®’ latest quarterly report.   Despite the increase in the third quarter, the Mobile metro area’s median single-family …

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Mobile County Residential Market Trends for September

MOBILE COUNTY, Ala. – The Mobile County real estate market continues to be a seller’s market, according to the latest data from the Gulf Coast Multiple Listing Service. “I’m pleased to see the market’s resilience in the face of changing conditions,” GCMLS Board of Directors President Timothy Mills said. “The market remains robust, with ongoing …

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What a Government Shutdown Means for REALTORS®

If Congress can’t agree on how to fund the federal government by September 30, 2023, some government activities will have to stop for a while. This means certain programs related to housing and mortgages might be affected, but important things like the post office will still operate. Here’s a quick look at how some government …

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Safe and Sound: September is REALTOR® Safety Month

September is a special time in our industry when we come together to raise awareness about the importance of safety for real estate professionals. REALTORS® play a crucial role in helping people buy and sell homes, but often, the job comes with unique safety challenges. The Importance of REALTOR® Safety: REALTORS® face various risks on …

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Mobile Area July Residential Market Trends

MOBILE COUNTY, Ala. — As the summer progresses, the Mobile County real estate market displays its resilience and stability, offering valuable insights for both buyers and sellers. The data from the Gulf Coast Multiple Listing Service for July highlights key indicators that depict the current trends and dynamics within the market. With a months of …

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