Gulf Shores real estate prices are rising. And that's both good news and bad news, depending on whether you're a home seller or a home buyer. According to the National Association of Realtors the median home price in the United States was up over 8% in the second quarter of this year compared to the […]
How a Rate Hike Would Affect Gulf Shores Housing
The Gulf Shores housing market has been anticipating a possible interest rate hike by the Federal Reserve Bank. Analysts say a small interest rate hike will have little effect on housing activity. In fact, there are other components that are more telling that could impact Gulf Shores housing. What to Look for in the Gulf […]
Your Gulf Shores Home Isn’t Selling… So Now What?
A Gulf Shores home that's priced correctly and has an overall general appeal should sell within 30-45 days in a good housing market. That's the consensus among most real estate agents and industry experts. When a sale doesn't occur in that timeframe, some home sellers and real estate agents can get discouraged, frustrated and antsy. […]
The Gulf Shores Housing Outlook
The Gulf Shores housing outlook continues to remain positive. The Commerce Department released information confirming that the sales of newly built homes rose more than 5% in July. In addition, prices for new homes were up. Homebuilders cite two reasons for the recent higher traffic and sales activity: 1.) The much anticipated rate increase by […]
Gulf Shores Mortgage Market To See Changes
In a move to assist Gulf Shores mortgage borrowers, the Federal National Mortgage Association (Fannie Mae) announced it will make substantial changes in a lending program for low-to-moderate-income households. The program, dubbed HomeReady, is scheduled to begin in December. It promises to feature new lending guidelines recognizing that many of Gulf Shores mortgage customers share […]
Gulf Shores Home Buying – To Rent or Buy?
If you've followed the latest Gulf Shores home buying trends, no doubt you've heard people say there's no better time to buy a home than now. With mortgage interest rates at very affordable levels, credit availability relatively high and down payment requirements low, it's a tempting combination for many renters thinking of entering the homeownership arena. […]
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