The Gulf Shores housing report for June from Case-Shiller and FHFA are out and show that both existing home sales and new home sales were down, even though prices were up. Inventory is also on the rise and that should continue to dampen price pressures for people looking to buy a home. Rick Sharga, EVP […]
How Long Before Gulf Shores Home Values Fully Recover?
The question most people want to know is how long will it take for Gulf Shores home values to be back to where they were before the bottom dropped out? The housing recovery began approximately 3 years ago, but many markets have still to regain values lost during the recession. Presently, Gulf Shores home values […]
7 Dumb Purchases – Gulf Shores Houses Not One of Them
Buying Gulf Shores houses is not on the list of the 7 dumbest purchases you could make, but these things that we tend to "treat ourselves to" usually leave us wallowing in regret later on. Buying Gulf Shores Houses Not on This List If you're considering buying any one of the many Gulf Shores houses […]
Why Gulf Shores Housing May Be Slowing
Gulf Shores housing has been showing signs of slowing down, and new problems facing homeowners looking to relocate, upsize or downsize, may be the reason why. The problem is that by doing so, many homeowners would be surrendering a dynamite mortgage interest rate, which means even if the home they want to buy is about […]
Should Mortgage Debt Forgiveness Relief Act Be Extended?
Until the Mortgage Debt Forgiveness relief act was created in 2007, a person who short sold his home had to pay the IRS income tax and the mortgage debt forgiven in a short sale or mortgage term work out on his home. Clearly that made short selling and certain modifications impossible for many. If distressed […]
Buying a Gulf Shores Home – How Important is Your Job?
When buying a Gulf Shores home, obviously a job is an important cog in the wheel to obtaining a mortgage. But the lending game is full of misconceptions about job gaps, job changes and occupational changes within the course of an employment time frame. Yes, you CAN get a mortgage if you switched jobs or […]
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