Everyone who owns a Gulf Shores home must face routine maintenance, such as replacing worn-out plumbing components or staining a deck, but some choose to make improvements with the intention of increasing the home's value. Certain projects, such as adding a well thought-out family room – or other functional space – can be a wise […]
New Gulf Shores Housing Bubble?
Could there possibly be a new Gulf Shores housing bubble on the horizon? The latest S&P/Case-Shiller Home Price Index showed prices in the nation's 20 largest cities had the biggest year-over-year increase since May of 2006. Diana Olick reports for NBR that some are now worrying that we may be facing a new housing bubble. […]
Gulf Shores Homeowners Know They Need Flood Insurance
According to a survey by Bankrate.com, 81% of Gulf Shores homeowners know that a standard homeowners insurance policy doesn't cover flood damage, but a separate survey by the Insurance Information Institute found that only 13% of Gulf Shores homeowners had a flood insurance policy. The Federal Emergency Management Agency (FEMA) and its National Flood Insurance […]
Good Time to Buy a Gulf Shores Home Despite Seller’s Market
Gulf Shores home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a mortgage don't qualify or are turned down. Yet nearly three quarters of all potential homebuyers say it's a good time to buy a Gulf Shores home. While some would argue its always a […]
Foreclosure Backlog Could Slow Gulf Shores Housing Recovery
A foreclosure backlog could slow the Gulf Shores housing recovery. All states are not backed up with foreclosures in waiting, some are, some aren't. This backlog, coupled with the continued problem of homeowners being underwater on their mortgage, could mean the housing uptick we've seen over the past year could be confronted with a slowdown. […]
Buying a Gulf Shores Home In This Tight Market
Buying a Gulf Shores home has become increasingly more difficult in this tight market we've suddenly found ourselves in. Given the current low-inventory environment, it may take longer now than it would in a balanced market that has enough homes for sale to satisfy the current buyer demand. To prepare yourself for buying a Gulf […]
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