The U.S. Department of Veterans Affairs (VA) issued 2,303 home loans totaling $688.2 million in Alabama during the first quarter of the fiscal year 2024, according to figures provided by the Veterans Affairs Home Loans Index.
The VA’s Interest Rate Reduction Refinance Loans in Alabama for the first quarter of the fiscal year 2024 averaged $292,161, according to figures provided by the Veterans Affairs Home Loans Index.
The average VA Purchase Loan amount for Alabama in the first quarter of fiscal year 2024 was $309,223, according to figures provided by the Veterans Affairs Home Loans Index.
The third quarter of 2023 brought in $1.4 billion in individual income tax revenue for Alabama, a 2.5% decrease from the second quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.
As of March 2024, Alabama experienced a 20% increase in prices of goods and services since January 2021, compared to the nationwide trend of a 19.4% increase.