Rising prices of Gulf Shores homes have helped restore home equity to many, but more than a third of potential homebuyers — 38 percent — earning the national median household income of $63,900 cannot afford to buy Gulf Shores homes that sold over the last quarter. Rising Prices of Gulf Shores Homes Partly to Blame […]
Smaller Gulf Shores Homes Finally Returning?
It seems that smaller Gulf Shores homes may finally be making a comeback. Data released recently by the Commerce Department shows the median size of a single-family home built in the third quarter was 2,414 square feet, down 2.3% from the second quarter measure of 2,472. New Gulf Shores Homes Smaller The third-quarter figure is […]
Losing Gulf Shores Homes Over Unpaid Utility Bills
Families are losing their Gulf Shores homes because of unpaid utility bills. It's happening all over America, not just in the Gulf Shores area… . Losing Gulf Shores homes over unpaid water or sewer bills seems unreal indeed, but it is happening. So keep this story in mind before you decide to dig your heels […]
Gulf Shores Home Equity Loans Double
Gulf Shores home equity loans have nearly doubled this year, partly due to the continuous increase in the price of homes. The rise in home values has pulled more and more borrowers out from underwater. While the share of borrowers that cashed-out some Gulf Shores home equity has increased considerably over the past year, the […]
Baby Boomers Staying Put With Their Gulf Shores Homes
A majority of Baby Boomers surveyed recently by the non-profit Demand Institute say they plan to stay put in their Gulf Shores homes. Many of the decisions to stay in their Gulf Shores homes has to do with the recession. The financial crisis put an end to years of rapid wealth accumulation, causing the typical […]
Where Have First Time Gulf Shores Homebuyers Gone?
First time Gulf Shores homebuyers seem to be disappearing right before our eyes. The same is true nationwide, as the percentage of homes that were sold to first-time homebuyers dropped to 33% this year, the lowest percentage in almost three decades. This drop in first time Gulf Shores homebuyers is despite the fact that mortgage […]
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