Alabama’s Real Estate market is currently hot. Sales are up, new construction is on the rise, and homes are being snapped up at a quick pace. Even though interest rates have recently increased slightly, the real estate market in Alabama has maintained its strength. This is largely due to low unemployment rates within the state, which is down to only 3.5%. Also, Alabama’s population has grown quite nicely over the past few years. This is shown by the fact that most new construction in Alabama is for single family homes, rather than multi-family units.