Higher Gulf Shores real estate prices have ushered in the return of the house flipper. Flippers are loosely defined as investors who buy homes, maybe perform some minor or major improvements and try to immediately sell the properties –– usually at a much higher price than they paid for it. In 2015, the number of […]
Gulf Shores Home Improvement: Calculating Room Costs
The Gulf Shores home improvement market continues to perform well as a result of rising prices and limited supply of homes for sale. Would-be purchasers who may not be able to find – or afford – their next dream house are thinking about adding a room to their existing homes. Sellers planning to sell their […]
Gulf Shores Mortgage Refinancing
The Gulf Shores mortgage lending market experienced something unusual in the past sixty days. The Federal Reserve raised the interest rate back in December 2015. Since that time, mortgage interest rates have dropped to their lowest level in three years! Most economists and mortgage lenders pointed out at the time that an increase in the Fed Funds rate […]
Gulf Shores Economy Sees Sagging New Home Sales
The Gulf Shores economy received a minor setback as new home sales fell in January. The Commerce Department released their month-end performance report showing that new home sales dropped from a 10-month high. Sales decreased 9.2% to an annual rate of 494,000 units (adjusted seasonally.) December's sales results were 544,000 units. Economists say, however, the overall […]
Gulf Shores Homeowners Insurance: Time to Review?
Gulf Shores homeowners insurance on your home can be complex. Because homeowners' needs vary, so do coverages in a home insurance policy. You should take the time to read your policy. Know what's covered and what's not. Gulf Shores Homeowners Insurance: What You Should Know Most people assume they're covered by most catastrophic events like […]
Gulf Shores Economy Sees Growth in Senior Debt
The Gulf Shores economy is full of them –– older Americans who collectively have more debt than ever before. Baby boomers who've lived in the generation of rising housing prices, more expensive cars, and the staggering cost of higher education, now find themselves nearing retirement owing money. Recent data released by the Federal Reserve Bank […]
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