As home sales in Alabama continue on an upward trend, the Baldwin County market continues to be the topic of much buzz, both regionally and nationally.
Alabama News Center recently shared an Alabama Center for Real Estate report stating “Year-over-year increases in both building permits and projected housing starts are encouraging news, as they hint toward continued overall economic growth during the second quarter of 2018.”
And the buzz isn’t limited to the topic of real estate. It seems the news is good on several fronts.
- A recent al.com story reporting census data hailed, “The Baldwin boom continues and if anything is picking up speed, according to U.S. Census estimates . . .”
- Positive results of coastal conservation efforts were recently touted by the National Fish & Wildlife Foundation, quoting Governor Kay Ivey, “We are enhancing important commercial and recreational fisheries through the restoration of oyster reefs in the Mississippi Sound and expanding artificial reefs along our coast to bolster populations of red snapper, all in an effort to preserve our natural resources for our people.”
- All this follows record years for Alabama’s coastal tourism industry, fueled by 6.3 million guests who spent $4.2 billion dollars in 2016. Taxable lodging revenue in Gulf Shores and Orange Beach reached a record $490 million in 2017.
- Business and industry is growing here, too. A USA Today story ranks Baldwin County at #7 in job growth in 2017.
All good news, indeed! More and more people are discovering Alabama’s coastal region as the perfect place to live, work and invest. New construction numbers are up and building permit requests continue to rise. With that, interest rates are expected to continue to rise as well. You know what that means: Now is the time!
Take advantage of the great value Coastal Alabama offers now. To get started, contact us to talk to one of our experienced agents. At The Henry Group, we love working with newcomers to discover the location and property that’s right for your needs. Or with experienced local investors to expand your portfolio. Don’t miss this opportunity to be a part of our dynamic Gulf Coast community.
Written by The Henry Group