Home sales take a big leap in Tuscaloosa - ABC 33/40 - Birmingham News, Weather, Sports

Home sales take a big leap in Tuscaloosa

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TUSCALOOSA - AL -

    The Alabama Center for Real Estate says residential home sales spiked significantly last month compared to April home sales in previous years.  They were up 43 percent over last year, but 80 percent over 2011.

    The study is based on an April to April analysis.  Since 2003, an average 200 homes per year have been sold.  The Center for Real Estate says a total 236 home closings were recorded last month. 

    Some realtors credit a step by local leaders who were able to get the requirements of a U.S. Department of Agriculture  rural development loan waived.

    Its a home buying loan, typically for people in rural areas -- but,  the rural mandate was waived last March, making it available to anyone in areas affected by 2011 tornado.

    Many realtors say they have seen more people take advantage of the loan and expect to see home sales in Tuscaloosa continue to climb.

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