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Gulf Shores Housing Inventories Are Falling

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Gulf Shores housing inventories are down. The National Association of Realtors (NAR) reports that inventories fell by 1.3 percent in March, leaving inventories 21.8 percent below their year-earlier levels. Home sales have now posted year-over-year gains in each of the last nine months. But in almost all of those months, the number of homes for […]

Gulf Shores Housing Prices Now Rising

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Gulf Shores housing prices have already bottomed out and are on the rise. Other than a brief stumble in December, asking prices have been steady or rising for the last 8 months. Rents are also on the increase, rising 5.6 percent nationally, year-over-year. Rents have steadily increased as people who lost their homes in the […]

Gulf Shores Home Prices Up – First Time In 10 Months

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Gulf Shores home prices rose for the first time in 10 months, according to the S&P/Case Shiller composite index released recently, an encouraging sign the battered housing sector is starting to stabilize. It was the first time home prices have gained since April 2011. That gain was itself an anomaly in a string of declines […]

Higher Gulf Shores Home Prices Expected by Consumers

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Higher Gulf Shores home prices are expected by 33 percent of consumers over the next year. Fannie Mae’s March housing survey indicated 5 percent more people expect Gulf Shores home prices to increase this month over the 27 percent surveyed last month who thought prices would increase this year. Nearly half of consumers expect higher […]

Are We Near the Gulf Shores Housing Market Bottom?

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The Gulf Shores housing market bottom is not going to be a date on the calendar. More likely, the market’s bottom represents a series of events that set up the Gulf Shores housing market for recovery. What Has to Happen to the Gulf Shores Housing Market First According to Stan Humpries, chief economist at real […]

Gulf Shores Housing Market According to NAHB and NAR

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The Gulf Shores housing market continues to show positive signs of improvement, along with other markets throughout the U.S. This, as reported by National Association of Home Builder’s chief economist, David Crowe, in the NAHB March Market Index report… Gulf Shores Housing Market According to NAR According to the National Association of Realtors (NAR), nationwide, […]

New Gulf Shores Home Permits Are Up

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New Gulf Shores home permits surged in February, with new housing starts falling nationwide in February by 1.1%. This according to the latest report from the Commerce Department released recently. Despite this setback, there are signs that a recovery is still in the cards, with the number of new home permits issued increasing by 5.1%, […]

Gulf Shores Housing Costs Using Over Half of Income

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Even with falling Gulf Shores housing costs, a study from the Center for Housing Policy found that affordability is still becoming increasingly out of reach for many would-be Gulf Shores homeowners and renters. According to the 2012 Housing Landscape report released by the Center, the share of working households paying more than half their income […]

New Home Sales Up – More Buyers Paying Cash

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According to the U.S. Census Bureau, the pace of new home sales rose in January, exceeding forecasts and revised the December stats to reflect a higher rate of home sales, all of which is good news for a suffering new home construction sector. This growth is in line with recent reports of builder confidence levels […]