Fannie Mae still believes that higher mortgage rates won't hurt the Gulf Shores housing recovery. After looking at mortgage rates going back to 1990, Fannie Mae's researchers came to the surprising conclusion that while rising rates were likely to hurt the number of home sales, they had virtually no impact on actual home prices. The […]
Gulf Shores Home Sales and Prices Rise in July
Gulf Shores home sales rose in July to their highest level in over three years, with year-over-year prices again showing double-digit gains. Rising interest rates as well as rising prices are expected to tamp down both prices and the number of Gulf Shores home sales in coming months, as homes get less affordable. The shortage […]
Gulf Shores Real Estate News – September 2013
In this Issue for September 2013: Mortgage Rates Move a Bit Lower Will Flood Insurance Cost You More? Preparing for the Next Big Storm Mortgage Rates Move a Bit Lower Mortgage rates moved a tad-bit lower over the past week or so, basically remaining in a holding pattern. Freddie Mac says the average rate […]
DIY Home Repair Mistakes
Doing a home repair job yourself can save you a ton of money. But if you're not careful, it can cost you even more than hiring a professional to do the same home repair job for you. Here are some "Do it Yourself" mistakes you need to avoid if you really want to save money […]
What Smoking Can Do To Your Gulf Shores House
If all the warnings about what cigarette smoke does to your health aren't enough, consider what it's doing to your Gulf Shores house, especially when the time comes to sell it and move on. In a survey of real estate agents, about 44 percent of those surveyed said smoking will reduce a home's value by […]
Asking Parents For Help To Buy A Gulf Shores Home
When couples these days head out to buy a Gulf Shores home, often times, down payment is the biggest hurdle. Most young people starting out today have not worked long enough to save to buy a house, even if they can swing the monthly payments. Loans from family members can cause problems however, and financial […]
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