One indicator of Alabama's real estate market conditions and outlook is measured by what is known as the Alabama Real Estate Confidence Index. This index is a survey of nearly 700 industry professionals and is compiled at the University of Alabama in the Alabama Center for Real Estate. The index weighs in on various components of the industry, is measured on a scale of 0 to 100.
The Birmingham News recently reported on the latest survey which focused on Alabama's outlook for Spring 2011. The results were positive meaning the outlook for the upcoming season is very optimistic. This should come as great news for buyers looking for new homes in the Birmingham area as we slide into Spring.
"The sales index is at its highest level since the survey was started a little over a year ago. "