Financial News

Hoover Approves $130 Million City Budget

Last month, the Hoover City Council approved a $130 million budget for the 2014 fiscal year, including funding for a new fire station in our very own Ross Bridge community! The budget allocates $2.3 million for the new fire station, making it the largest capital project included in the budget. Hoover Fire Station No. 6 […]

Economic Growth Better Than Thought

Here in Ross Bridge, we love hearing about an improving economy.  Hearing about an economy that’s improving even more than originally reported? Even better!  The Bureau of Economic Analysis reports last week that numbers published on US economic growth have since been revised to a higher rate. The original report stated that national gross domestic […]

How Our Economy is Improving

2013 has been an incredible year for housing and economic recovery – and the year isn’t even over yet!  Many national statistics point to a healthier economy for the U.S. which will positively impact all cities, including Birmingham. More Home Sales This year, national homebuilder confidence has made many big strides towards an optimistic outlook. […]

Birmingham Makes the Cut for the Improving Markets Listing

For the seventh month in a row, the National Association of Home Builders Index has reported positive improvement for metropolitan areas as identified in its monthly Home Builders/First American Improving Markets Index (IMI) listing. This past month, Birmingham made the list as one of the 274 metros newly listed in March. The addition of the […]

Homeowner Tax Deducting 101

Tax season is officially over! To share our excitement with you, we’ve compiled some information on how to prepare for next year’s tax season—after all, it’s never too early to start the planning process. If you’re selling a home, in order to purchase your new home at Ross Bridge, you can add the price of […]

Fixed-Rate Mortgages Reach New Lows For 2nd Week In A Row

According to the National Association of Realtors, fixed-rate mortgages hit new all-time lows last week for the second week in a row, as reported by Freddie Mac in its weekly mortgage market survey.  This drop in rates has been mostly attributed to the recent decision made by the Federal Reserve to buy up $40 billion of mortgage-backed […]

Home Prices Have 9.6% Gain Compared to 2011

  Across the U.S., the latest market stats have shown that foreclosures are down, home sales are up, and according to the National and State Realtors Associations, July saw a rise in home prices of 9.6% when compared to July 2011. Many experts believe that these numbers are good indicators that the housing market may […]

Nation Sees First Annual Increase of Home Values Since 2007

  Prospective home owners searching for new homes for sale are being made more aware of current trends in the local housing market and are realizing that purchasing one of the new homes for sale in the Birmingham area would be a worth while venture. While total inventory in the city has decreased by 21% since June […]

Mortgage Rates Drop Again – This Time to 3.87%

Nope, 3.87% is not a typo, you read it right. Last week the 30-year fixed mortgage rate fell to a new low average of 3.87%, while the 15-year fixed hit 3.14%.  According to CNNMoney, this marks the lowest rates have been in 40 years of the Freddie Mac Primary Mortgage Market Survey. This news came […]

Hints and Tips for VA Loans

Below is a helpful set of tips from Military.com to assist veterans with VA loans during the home-buying process. Hints and Tips for VA Loans Tip: Get Pre-Approved Before you start the hunt for a ( new Birmingham home for sale), the best thing you can do is to get pre-approved for your VA loan […]