Soaring Gulf Shores home prices are leaving fewer homeowners owing more money than their properties are worth, bringing them off the sidelines of the surging Gulf Shores housing market and offering relief to buyers who are frustrated by bidding wars. As more homes are put up for sale, price increases are expected to moderate. Increasing […]
Rising Mortgage Rates and Low Inventory Equals Sellers Market
Mortgage rates are on the rise, and home buyers are trying to get in before they go higher. In the Gulf Shores area, rising mortgage rates and low inventory are combining to drive up prices and turn things into a seller's market. CBS's Anthony Mason reports… Potential Gulf Shores home buyers need to be vigilant […]
Gulf Shores Home Buyers Wary of Rising Rates
Rising mortgage rates are the biggest worry for prospective Gulf Shores home buyers. Bigger than rising prices and the lack of available inventory, according to a survey released recently by Trulia. The survey suggested that rates — which remain below 5% — aren't likely to be a deterrent to Gulf Shores home buyers just yet. […]
Gulf Shores Real Estate Moves With Surprising Tax Implications
Everyone knows that owning Gulf Shores real estate offers significant tax advantages. A recent survey of people who had bought homes in 2012 showed 79 percent said the mortgage interest and property tax deductions were "extremely important" factors to their decision to become homeowners in the first place. These two deductions are just the tip […]
Possible Effect of Rising Mortgage Rates on Economy
Rising mortgage rates of late are giving scare to would-be homebuyers. Rates that were sitting at historic lows a few weeks ago are now skyrocketing upward. A tick down here and there in between jumps, but overall, those record low rates seem to be history now. We've been seeing a slow and steady recovery according […]
Buying a House in Gulf Shores: Most Overlooked Questions
If you're thinking about buying a house in Gulf Shores , you're not alone. According to the New York Times, more Americans are getting home buying fever; home prices have seen the biggest increase in the past seven years over the past month alone. And with mortgage rates now creeping up, it seems even more […]
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