Signs of a strengthening housing market continue to surface, with single family new home sales reaching their highest level in nearly five years during May. The Commerce Department reports that sales increased 2.1 percent to a seasonally-adjusted annual rate of 476,000 units — the highest level since July 2008. Third Straight Month for New Home […]
Did Bernanke Kill the Gulf Shores Housing Recovery?
Did Fed Chairman Ben Bernanke hurt the Gulf Shores housing recovery when he said recently that he thought the housing market is strong enough to stand on its own feet. If that was the message Bernanke was trying to deliver for the U.S. economy, investors seemed to have received it loud and clear. Did Bernanke […]
Foreclosure Home Turns Into Nightmare
We've often times warned readers of this blog to steer clear of a foreclosure home, no matter how good of a deal it may seem. This NBC News investigative report is just one of many reasons why we continue to discourage anyone from buying a Gulf Shores foreclosure home… Buying a Gulf Shores foreclosure home […]
Student Debt Starting to Hurt Gulf Shores Housing
One of the biggest threats to the Gulf Shores housing recovery now seems to be the huge increase in student debt over the past 8 to 10 years. With students financing their education, many get out of college so deep in debt they cannot even begin to fathom buying a home. It's like the major […]
Gulf Shores Homes Selling as Fast as During the Housing Boom
With strong demand and limited supply, Gulf Shores homes are selling as fast, or faster, as they did during the boom years of 2005 and 2006. Of course, the circumstances are quite different. Homes are now selling nearly three times as fast as they normally would. The average number of days a listing stayed on […]
Existing Gulf Shores Home Sales Up
Existing Gulf Shores home sales climbed to a 3 and a half year high in April, and all indications are they will continue to climb in May and June. However, rising interest rates are the concern now. Along with Gulf Shores home sales, Gulf Shores home prices continued to climb with the S&P/Case-Shiller monthly home […]
New Gulf Shores Housing Bubble?
Could there possibly be a new Gulf Shores housing bubble on the horizon? The latest S&P/Case-Shiller Home Price Index showed prices in the nation's 20 largest cities had the biggest year-over-year increase since May of 2006. Diana Olick reports for NBR that some are now worrying that we may be facing a new housing bubble. […]
Good Time to Buy a Gulf Shores Home Despite Seller’s Market
Gulf Shores home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a mortgage don't qualify or are turned down. Yet nearly three quarters of all potential homebuyers say it's a good time to buy a Gulf Shores home. While some would argue its always a […]
Foreclosure Backlog Could Slow Gulf Shores Housing Recovery
A foreclosure backlog could slow the Gulf Shores housing recovery. All states are not backed up with foreclosures in waiting, some are, some aren't. This backlog, coupled with the continued problem of homeowners being underwater on their mortgage, could mean the housing uptick we've seen over the past year could be confronted with a slowdown. […]
March Pending Gulf Shores Home Sales Improve
Gulf Shores home sales in March continued to show signs of improvement, in spite of the tight housing supply that is plaguing the market. Home sales are somewhat stuck due to the limited number of homes available to buy, which is somewhere near 17 percent below year-ago levels. Some home owners are still hesitant to […]
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