| A recent study by Housing Market Analysis | | | | In addition, employment needs will increase from |
| conducted by National City Corp reveals there are | | | | the residual affects of thousands of added |
| many real estate markets nationwide with | | | | citizens. Childcare and real estate are two areas |
| drastically inflated housing prices. One of the | | | | that will find particular needs. As more people |
| worst cases is Naples, Florida, which boasts prices | | | | flood into Huntsville, the need for childcare will |
| that are 84% higher than they should be, | | | | grow tremendously. This will make those with |
| according to "National City arrives at its estimates | | | | professional childcare experience extremely |
| of what the typical house in these markets should | | | | valuable. Likewise, the new infusion of people will |
| cost by examining the town's population densities, | | | | also create a housing boom spinning off jobs due |
| local interest rates, and income levels. It also | | | | to rising demand. New positions including |
| factors in historical premiums and discounts for | | | | construction worker, architect, real estate agent, |
| each area," states the site. | | | | rental agent and more are expected to become |
| However, not all markets fall into this same | | | | available. |
| category. In fact, numerous others are right in line | | | | Lastly, a lower cost of living makes Huntsville |
| or even undervalued. It's those undervalued cities | | | | appealing. With the cost of living and salary |
| that offer some of the best bargains in real | | | | adjustments, someone moving from Stamford, |
| estate. One such area is Huntsville. Real estate in | | | | Connecticut to Huntsville, Alabama making $35,000 |
| this Alabama town is reportedly 11% below | | | | per year would typically see an increase in |
| average market rates. To put that in real dollars, | | | | disposable income of $7,988 per year, according |
| a home that might cost $100,000 in Albuquerque, | | | | to Considering the 11% lower property valuation |
| New Mexico could only cost $89,000 in Huntsville. | | | | mentioned earlier, this means housing dollars can |
| Real estate, however, is not the only advantage | | | | be stretched to buy homes significantly larger and |
| to buying in Huntsville. Employment is a big | | | | nicer than in other areas of the country. |
| advantage. With an unemployment rate of nearly | | | | Before considering a move to other cities, be |
| half the national average, Huntsville has plenty of | | | | sure to assess every aspect to determine the |
| opportunities for those in real estate, construction, | | | | town's true value. Jobs, cost of living and real |
| professional & technical services, and government. | | | | estate prices all come together to develop a true |
| Adding to the mix is the Base Realignments and | | | | picture of a city and what type of lifestyle you |
| Closures (BRAC), which is opening civilian and | | | | can expect to achieve. Don't settle when you |
| government jobs as those from closed or | | | | have an opportunity to have it all! |
| restructured bases move into the Huntsville area. | | | | |