SUMMARY: Tonight’s focus is on the Federal Reserve’s first interest rate cut in four years and its expected impact on the housing market. In the week leading up to the cut, mortgage applications surged by 14.2%. Local realtor Patrick Warren notes that this rise is beneficial for sellers and may boost buyers’ confidence in making purchases. However, he emphasizes that individual circumstances will dictate the decision to buy. Additionally, Alabama is set to implement a property tax cap starting next month, as reported by the Alabama Association of Realtors, which will limit yearly property taxes.

Local realtors weigh in on how the Fed’s interest rate cut could impact the housing market

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SUMMARY: A $29 million project by the Alabama Department of Transportation aims to alleviate traffic congestion on Interstate 565, particularly between County Line Road and Water. Set to begin Sunday night, the project will add a third lane to each roadway, addressing peak hour delays and improving overall traffic flow. Though drivers may experience short-term inconveniences, officials believe the long-term benefits will outweigh the drawbacks. With approximately 70,000 vehicles using this section daily, the initiative is deemed crucial as Huntsville and surrounding areas continue to grow. There will be evening lane closures during construction, but no significant impact on the I-565 flyover ramp.

If you’ve traveled westbound on Interstate 565 heading toward Madison, then you’re no stranger to the traffic congestion, but an upcoming project will help change that.

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SUMMARY: Foley has approved an $85 million budget aimed at facilitating the city‘s growth, as reported by WKRG News 5’s Taylor Boyon. Key projects include a $16 million Public Works facility, a $20 million library and community center, and $5 million for improvements on Foley Beach Express. The budget also prioritizes public safety enhancements, with plans for additional fire stations and increased police department funding. The city will use a recently received safety grant to purchase $500,000 worth of equipment. More than $1 million will be allocated for renovations at the Foley fire station, including staffing increases and 10 new police cars.

To cope with the demands that come along with being one of Alabama’s fastest-growing cities, Foley is planning some major projects following budget approval.
FULL STORY: https://trib.al/SzmkJMs

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