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Grant Awarded for Pilot Program on School Bus Seat Belts

MONTGOMERY – Some Alabama children who take the bus to school will be buckled-up during the trip for the first time next year thanks to a grant awarded by a special panel Governor Bob Riley appointed.

Landlord wants to buy city property

Apartment owner says lot is overgrown, nutria-infested. TUSCALOOSA | Thick vegetation and large rodents spurred a Tuscaloosa landlord and some neighborhood residents to urge the Tuscaloosa City Council Tuesday to take action.

Home sales in Alabama continue to soften

TUSCALOOSA - Existing home sales in Alabama softened for the second consecutive month as consumers continued to cautiously digest the impact of the evolving credit market, according to Grayson M. Glaze, J.D., executive director of the Alabama Center for Real Estate at The University of Alabama.

Dothan housing market slowing from record year in 2006

A Dothan housing market that was once on fire is in a cooling off period, but some local realtors believe the market was primed for a slowdown after a phenomenal 2006.The median price of a Dothan home dropped to $122,000 in August, the lowest median price since February of 2006.

Montgomery Housing Market Ranks 5th in the U.S.

Despite what you've heard about the housing market in other parts of the country, home values in the river region are expected to increase over the coming year. That's according to a new report by CNN.com and Business 2.0 magazine.The report ranked Montgomery among the top ten housing markets in the U.S.

New tax bill due in 2008

Albertville property owners will not see the effects of increased tax rates on bills due by the end of the year.Voters in Albertville agreed Tuesday to raise property tax rates by 6 mills. The new rate will take effect with the tax year beginning Oct. 1. That means the bill won’t come due until late 2008.

Alabama foreclosures 38th in nation

Foreclosure filings in Alabama have been rising in the past year, but the problem in the state isn't nearly as severe as in others. RealtyTrac, a California firm that tracks mortgage defaults across the nation, on Tuesday pegged Alabama's July foreclosure rate at No. 38 among the states.

Influx of students makes rental property hard to find

With the influx of students returning to Troy this week, housing in the city has nearly reached its capacity. “Right now we are almost 100 percent rented,” said Earl Ellis of Landmark Realty. “We've had kind of a low availability for quite some time, but it really has become acute in the last 30 days.”

Q&A: Mem Webb discusses real estate trends

The market in Demopolis is still very hot. Properties under $150,000 are generally selling pretty fast, but it does depend on location and the condition of the house. Values have increased and where the national trend has kind of been a slump, the Demopolis market is still very hot.

Property owners balk at new tax appraisals

DAUPHIN ISLAND -- More than 200 property owners here have filed appeals with Mobile County this week, claiming that tax officials overestimated their homes' values and overcharged them on property taxes, according to officials with the county and with the town's property owners group.

Housing project approved

The Fort Payne City Council voted Tuesday to rezone about 4 acres of land that could become the site of new apartments or town...

Home sales in April down for 4th month

Sales of single-family homes in the Birmingham area fell 4.7 percent in April, the fourth consecutive monthly decline from the previous year. Birmingham Association of...

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Governor Awards $37.2 Million to Assist Low-Income Families with Energy Costs

Governor Robert Bentley on Friday awarded grants totaling $37.2 million to assist low-income families in Alabama with home energy bills. Due to the recent storms in Alabama, the Governor has fast tracked these grants in order for funds to be distributed immediately.