How's the Market offers the latest analysis of the over the mountain real estate market from veteran real estate professionals Mike and Hayden Wald. Each week they'll share their insights on trends in the local housing market including, inventory, pricing, interest rates, and more.

Ten Charts that Show Why We're Not Heading for a Housing Bubble

During the pandemic, it was feared that the large number of borrowers in forbearance would eventually result in tide of foreclosures that would take the down the housing market. The following chart shows that those fears were unfounded.

Chart #2 shows that 81.6% of the borrowers in forbearance have successfully exited.

Chart #3 shows that the crazy loan products (red graph) that existed in the late 90's to the mid 2000's are no longer offered! The orange graph shows that lending standards are far stricter now than they were in the mid 2000's.

Chart #4 Shows that the level of foreclosures is historically very low.

Chart #5 shows that lenders are making nearly as…

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Beautiful 5 Bedroom, 4 Bath Home in Warren's Cove

1661 Warren Lane

Prime location in the Warren Cove Subdivision of Vestavia, this all brick home with beautiful stone detail boasts 5 bedrooms, 4 bathrooms and an ideal floor plan that provides ample space for living and entertaining. The stunning 2 story foyer allows for sun drenched living spaces and highlights the gleaming hardwood floors. The large open kitchen features granite countertops, stainless steel appliances, and center island with seating. Spacious primary bedroom with private ensuite complete with double vanity, glass shower and separate tub. Outside enjoy the covered stone patio that is the perfect place for relaxing after a long day or hosting gatherings with friends. Situated on…

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Beautiful 5 Bedroom, 4.5 Bath Home in Cobble Hill

2600 Cobble Hill Way

This Beautiful home was listed for $599,900 and after receiving multiple offers went under contract for $$635,000.

Located in the gated Cobble Hill Community this spacious 5 bedroom, 4.5 bathroom home offers plenty of space for everyone inside and out. Downstairs features an open layout with living room, formal dining room, gleaming hardwoods, and beautiful kitchen with granite countertops, stainless steel appliances, walk-in pantry and island. The main level primary boasts a large private bath with double vanity and 2 walk-in closets. Upstairs find a 2nd primary, playroom and bonus room great for den or study. Plenty of windows throughout create a bright and beautiful…

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Lovely 3 Bedroom, 2 Bath Home in Cahaba Heights!

3036 Greenview Road

This lovely home was listed at $315,000. After receiving multiple offers, it sold for $330,000!

Location, Location, Location! One Block from Cahaba Heights Elementary School, ball fields, dog park, and Parkside at Dolly Ridge, Cahaba Heights newest restaurant and retail development. This beautifully updated 3 bedroom, 2 bathroom home has a long list of charming features for any new homeowner. Inside, you are greeted with a spacious living room with an all brick fireplace for your enjoyment. In the kitchen you will find tile countertops and backsplash, gas stove and ample cabinet space. The spacious sun drenched bedrooms boast newly refinished hardwood floors. Outside, you…

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Just Sold! 118.8% of List Price 3133 Canterbury Place

Incredible 3 bedroom, 2.5 bathroom home located on a highly sought after Cahaba Heights cul-de-sac. This adorable property features beautiful hardwoods and updates throughout. Kitchen boasts sparkling granite countertops, stainless steel appliances, breakfast bar, vaulted ceilings and flows right into the living room which makes this the perfect space for relaxing or entertaining. Main level primary suite invites comfort and exudes modern elegance with shiplap accents, double vanity and large soaking tub. Additional bedrooms are spacious and light filled. Plenty of space to entertain and enjoy the outdoors on the large back deck. Full basement with 2 car garage. Just minutes away from shopping…

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Beautiful 4 Bedroom, 2.5 Bath Home Near Vestavia High School

2232 Gay Way

Situated perfectly on a large beautiful lot, this traditional all brick home offers plenty of living space inside and out. The main level features gleaming hardwoods and a sun filled formal living and dining room perfect for entertaining or day to day living. Kitchen with stainless steel appliances and eat-in area that opens to a spacious covered back deck that makes the transition from indoor to outdoor living a breeze. 4 generous sized bedrooms, 2.5 bathrooms and gracious attic storage. Backyard features a patio area with plenty of privacy from the mature landscaping that surrounds the property. Just minutes away from parks, shopping and Vestavia's award winning schools.

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Under Contract for Well over List Price!

Remodeled to perfection and sitting in the heart of Vestavia on a spacious corner lot, this beautiful home offers an open and inviting floor plan that allows you to entertain effortlessly. Formal dining room drenched in sunlight, living room with cozy brick fireplace, and a stunning kitchen with stainless steel appliances, breakfast bar, subway tile backsplash and ample cabinet storage. Gracious primary suite with tray ceilings offers private ensuite with double vanities, soaking tub, and stylish fixtures. Home offers extra living suite complete with full bath and second kitchen. Outdoor living is easy with a spacious covered back deck, patio area and private back yard. The home boasts two separate driveways…

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2021 was one of the best ever for sellers

Last year was one of the best of all-time for over-the-mountain home sellers and at the same time, one of the most challenging years for buyers! The new year will likely be more of the same. The million-dollar question as Mike and Hayden see it- will buyer's income levels keep pace with forecasted mortgage rate increases? If so, home prices will likely continue to rise. If not, the housing market will probably start to cool a little, in line with decreasing affordability.

Rates expected to rise in 2022

Mike Wald believes that, "It's a safe bet that the Fed will work hard to engineer a soft landing in their efforts to lower inflation. If Powell is going to be successful at reducing the rate of inflation…

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2468 Shades Crest Road

Listed for $599,900 and sold for $655,000!

This beautiful home was listed on Saturday, August 21st. We had showings every 30 minutes from 8:00AM to 6:30PM. By Monday evening, it had received several offers with the winning offer at $55,000 over list.

Boasting an array of beautiful updates, this charming 3 bedroom, 2 bathroom home is situated on a spacious lot with plenty of space for relaxing and entertaining. Formal living room features a large picture window, marble fireplace, picture frame molding accents and gleaming hardwoods that extend into the formal, sun filled dining room. The large kitchen serves as the heart of the home with it's bright white shaker cabinets, stainless steel appliances, and center island with…

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Great Clients + The Right Property + Smart Strategies = Listing Home Run

According to Hayden Wald, "the Vestavia real estate market is experiencing great strength, as are the other over-the-mountain communities. It's the strongest sellers market I've seen during my career." The number of buyers is far greater than the supply of available listings. In an effort to help their sellers capitalize on the strong demand from buyers, Mike and Hayden offer them their best advice regarding the investments to consider prior to putting their houses on the market. They've learned through decades of experience which improvements will get their clients the best returns. Most listings just need a little decluttering and some paint. Whatever clients need, Mike and…

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