Gulf Shores home prices continued their upward trend in July, while inventory of available homes for sale continued it’s downward spiral. Demand for homes is growing faster than the inventory, helping push the national median price of existing homes up for the fifth month in a row. This increase comes in spite of the modest […]
Gulf Shores Housing Shortage: More Evidence
Here’s more evidence of the Gulf Shores housing shortage, as Alex Charfen goes over two reports recently released, including Freddie Mac numbers, which shows the effect the housing shortage is having on home prices. If you have questions about the Gulf Shores housing shortgage that we’ve been reporting about for the past several months, please […]
Gulf Shores Housing Sees Strong Recovery Starting
A strong recovery appears to be starting for Gulf Shores housing, according to a report released recently by Goldman Sachs Group. Their report notes that Gulf Shores housing has a “long list of positives,” including rising prices, job growth, supportive government policies and a decline in the so-called shadow inventory of homes. Sachs reported, “The […]
Gulf Shores Home Asking Prices Rise for Fifth Straight Month
Gulf Shores home asking prices continue to rise this summer as sellers seem to be staying on the sidelines. The number of homes listed for sale rose by just 0.5% in June from May and was down 19.4% from one year ago, according to Realtor.com. Slightly less than 1.89 million homes were listed for sale […]
Gulf Shores Housing and the 2012 Election
Gulf Shores housing and the 2012 election appear to be on a crash course, and we believe each candidate must address housing in order to be elected. We’re curious to know what you think. Real estate media company, Trulia.com has combined their “Housing Misery Index” which combines price declines and the delinquency (plus foreclosures) rate […]
Gulf Shores Housing Inventory Down
Gulf Shores housing is down, as is much of the nation. According to deptofnumbers.com for 54 metro areas, inventory is down 24.2% compared to the same week a year ago. Unfortunately, these stats have only been kept since April 2006. The graph below shows the NAR estimate of existing home inventory through May and the […]
Gulf Shores Housing Recovery Finally Gaining Steam
The Gulf Shores housing recovery seems to finally be gaining some steam. Standard & Poor’s Deputy Chief Economist Beth Ann Bovino notes that the Supreme Court decision on the Patient Protection and Affordable Care Act pretty much stole the show recently. As a result, housing news was almost an afterthought for markets. While the news […]
Gulf Shores Home Prices Up For Third Month
Gulf Shores home prices have edged up for the third month in a row, albeit ever so slightly. According to the Federal Housing Finance Agency’s (FHFA’s) monthly House Price Index (HPI), home prices rose 0.8 percent between March and April, on a seasonally adjusted basis. Previously, the FHFA had reported a 1.8 percent price increase […]
Gulf Shores Rental Market Rising During Housing Downturn
The Gulf Shores rental market saw rents increase over the past year while home values were decreasing. In some locations, rents are up just as much as home values are down. As contradictory as this may sound, this is actually good news for the Gulf Shores housing market. The slow rebound in the Gulf Shores housing […]
Gulf Shores Real Estate On The Upswing
Gulf Shores real estate news is looking very positive for a change. Several housing price indexes were released that show things swinging upward in multiple categories. The Commerce Department and HUD reported new home sales rose 3.3 percent month-over-month in April to a seasonally adjusted annual rate of 343,000, up from 332,000 in March. On […]
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