University of South Alabama, Office of Public Relations
 

February 7, 2008
Contact: Stephanie A. Hudson, USA Public Relations, (251) 460-6211

USA Mitchell College of Business Center for Real Estate Studies Releases Quarterly Mobile Real Estate Report

The University of South Alabama Mitchell College of Business Center for Real Estate Studies has released its real estate report for the third quarter of 2007.

In general, the Mobile overall real estate price trend rose a modest 2.2 percent.

“The important story here is the increasing trend line. Although monthly numbers may increase or decrease slightly from changes in the market, the number to watch is the direction and amount of the overall trend, said Dr. Don Epley, director of the Center for Real Estate Studies and distinguished professor of real estate at the Mitchell College of Business, “Since it is still moving upward, the average homeowner in Mobile still enjoys increasing value. That result is a good sign.

The USA Mitchell College of Business Center for Real Estate provides information about the Gulf Coast economy and real estate market.

Click here to download "Mobile Housing Market Remains Healthy" by Dr. Don Epley
Click here to download the Monthly Mobile Housing Report for January 2008.
Click here to download the Mobile Average Price Trend Chart.
For past reports and data visit http://cres.southalabama.edu/

For interviews with Epley, contact (251) 460-6735.

Before joining USA, Epley held the position of Lyon Distinguished Professor of Finance and Real Estate at Washington State University. Epley is the author and coauthor of eight textbooks and more than 80 referenced journal articles. Textbook topics include real estate decisions, real estate finance and investments, income property appraisal, and brokerage. Epley received a bachelor’s and master’s degrees from Wichita State University and a doctorate from the University of Missouri. He holds CCIM, MAI, and SRA professional designations and is a licensed real estate broker and certified general real estate appraiser.
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