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Yellowhammer Times

Saturday, December 21, 2024

Local Government News

Local Government

Inflation in Alabama outpaces national average as of October 2024

As of October 2024, Alabama experienced a 22.1% increase in prices of goods and services since January 2021, compared to the nationwide trend of a 20.7% increase.

By Yellowhammer Times | Nov 21, 2024

Local Government

EDA funds 17 projects to support economic development in Alabama during 2023

Alabama ranked 13th in the US after receiving 17 EDA grants to fund economic development projects in 2023.

By Yellowhammer Times | Nov 21, 2024

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Local Government

VA provides 28.9% more home purchase loans in Alabama in Q3

By Yellowhammer Times | Nov 15, 2024

There were 2,153 VA home purchases in Alabama in the third quarter of the VA's fiscal year 2024, totaling $691.2 million in loans, according to figures provided by the Veterans Affairs Home Loans Index.

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Local Government

Number of VA loans issued in Alabama increased by 205.6% from Q3 2023 to Q3 2024

By Yellowhammer Times | Nov 12, 2024

The U.S. Department of Veterans Affairs (VA) issued 2,952 home loans in Alabama, totaling $929.5 million, during the third quarter of the fiscal year 2024, according to figures provided by the Veterans Affairs Home Loans Index.

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Local Government

VA issues fewer Interest Rate Reduction Refinance Loans in Alabama in Q3 vs. Q2 2024

By Yellowhammer Times | Nov 9, 2024

The VA issued 260 Interest Rate Reduction Refinance Loans in Alabama during the third quarter of fiscal year 2024, compared to 392 loans the previous quarter, according to figures provided by the Veterans Affairs Home Loans Index.

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Local Government

Average VA home loan amount in Alabama increases from 2022 to 2023

By Yellowhammer Times | Nov 8, 2024

The average VA loan amount for Alabama in the fiscal year 2023 was $300,809, according to the Veterans Affairs Home Loans Index.

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Local Government

Average VA Purchase Loan amount in Alabama increases from Q2 to Q3

By Yellowhammer Times | Nov 6, 2024

The average VA Purchase Loan amount for Alabama in the third quarter of fiscal year 2024 was $321,059, according to the Veterans Affairs Home Loans Index.

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Local Government

Average VA home loan amount in Alabama increases in Q3

By Yellowhammer Times | Nov 3, 2024

The average VA home loan amount in Alabama during the third quarter of the fiscal year 2024 was $314,864, a 3.8% increase over the previous quarter, according to the Veterans Affairs Home Loans Index.

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Local Government

Average VA IRRRL loan amount in Alabama increases from Q2 to Q3

By Yellowhammer Times | Oct 31, 2024

The average VA Interest Rate Reduction Refinance Loan (IRRRL) amount in Alabama during the third quarter of fiscal year 2024 was $321,206, according to figures provided by the Veterans Affairs Home Loans Index.

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Local Government

VA provides 2,153 home purchase loans in Alabama in Q3

By Yellowhammer Times | Oct 28, 2024

There were 2,153 VA home purchase loans issued in Alabama in the third quarter of the fiscal year 2024 totaling $691.2 million, according to figures provided by the Veterans Affairs Home Loans Index.

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Local Government

Alabama ranks 13th in total VA home loans during Q3

By Yellowhammer Times | Oct 25, 2024

Alabama ranked 13th in the nation in VA home loans in the third quarter of 2024, with 2,952 loans issued, according to the Veterans' Affairs Home Loans Index.

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Local Government

Alabama ranked 37th in average VA home loan amount in Q3

By Yellowhammer Times | Oct 22, 2024

With $314,864 in home loans issued, Alabama ranked 37th in average loan amount for VA home loans in the third quarter of fiscal year 2024, according to the Veterans' Affairs Home Loans Index.

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Local Government

VA provides 2,952 home loans in Alabama totaling $929.5 million in Q3

By Yellowhammer Times | Oct 19, 2024

The U.S. Department of Veterans' Affairs (VA) issued 2,952 home loans totaling $929.5 million in Alabama during the third quarter of the fiscal year 2024, according to the Veterans' Affairs Home Loans Index.

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Local Government

Alabama experiences higher inflation rate than national average as of September 2024

By Yellowhammer Times | Oct 16, 2024

As of September 2024, Alabama experienced a 21.8% increase in prices of goods and services since January 2021, compared to the nationwide trend of a 20.5% increase.

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Local Government

Alabama receives $83.5 million in VA Interest Rate Reduction Refinance Loans during Q3

By Yellowhammer Times | Oct 16, 2024

The VA issued 260 Interest Rate Reduction Refinance Loans in Alabama during the third quarter of fiscal year 2024, according to the Veterans Affairs Home Loans Index.

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Local Government

VA Purchase Loans in Alabama average $321,059 for Q3

By Yellowhammer Times | Oct 13, 2024

The average VA Purchase Loan amount for Alabama in the third quarter of fiscal year 2024 was $321,059, according to the Veterans Affairs Home Loans Index.

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Local Government

VA home loan amount averages $314,864 in Alabama for Q3

By Yellowhammer Times | Oct 10, 2024

The average VA home loan amount in Alabama during the third quarter of the fiscal year 2024 was $314,864, according to the Veterans Affairs Home Loans Index.

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Local Government

VA’s Interest Rate Reduction Refinance Loans in Alabama average $321,206 for Q3

By Yellowhammer Times | Oct 7, 2024

The VA’s Interest Rate Reduction Refinance Loans in Alabama for the third quarter of the fiscal year 2024 averaged $321,206, according to the Veterans Affairs Home Loans Index.

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Local Government

VA Purchase Loans in Alabama average $310,741 for Q2

By Yellowhammer Times | Oct 4, 2024

The average VA Purchase Loan amount for Alabama in the second quarter of fiscal year 2024 was $310,741, according to the Veterans Affairs Home Loans Index.

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Local Government

Alabama ranks 35th in average VA home loan amount in 2023

By Yellowhammer Times | Oct 3, 2024

With $300,809 in issued loans, Alabama ranked 35th for the average amount of a VA home loan in 2023, according to figures provided by the Veteran Affairs Home Loans Index.