According to CoreLogic, home prices rose 3.3% statewide compared to 2012. This trend continued across the state with a few exceptions during the month of September. Prices fell in Mobile along with four other metro areas that include Tuscaloosa, Huntsville, Aurburn-Opelika and Dothan.
Distressed sales and foreclosures are dragging prices down in these areas, with the exception of Aurburn. In Mobile, Huntsville, Tuscaloosa and Dothan home prices would have increased if these short sales and foreclosures would have been excluded from the analysis.
According to Grayson Glaze, the executive director of the Alabama Center for Real Estate, he is optimistic regarding the home prices. He states “overall fundamentals in that market remain resilient,” with the
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In 2009, Austal USA, located on Mobile's waterfront, set a goal to create 4,000 jobs for its U.S. base of operations. The goal is on pace for realization by the end of 2013 according to representatives from the Australian ship builder. When met, this will make Austal the largest private sector employer in Mobile County.
"Our game plan is to level our to support both of our programs going forward," said president Craig Perciavalle, discussing the two different classes of ships currently being assembled at the sprawling facility on the waters of Mobile Bay.
The employment figures are approximately five times higher than the 800 of the initial year in 2009. Austal made a commitment to double its workforce in a two year window to facilitate the…