Editor’s note: This is a historical account from a March 2008 WKRG report. It does not describe current investment conditions or provide financial advice.
WKRG reported in March 2008 that real-estate professionals were seeing growing interest from investors in property across Mobile and Baldwin counties.
Realtors told the station that callers from several states were exploring purchases ranging from small lots and single-family homes to larger development tracts, multifamily projects and RV centers.
The report connected that interest to expected construction and industrial growth, including the planned ThyssenKrupp plant, the tanker-contract competition involving Northrop Grumman and EADS, Austal and activity at the State Port.
University of South Alabama Real Estate Studies Director Don Epley told WKRG that his office was fielding inquiries from prospective investors around the country. The assessment and projects named here reflect the outlook reported in 2008, not current market conditions.