There are signs that confidence in the Gulf Shores housing market is waning a bit with the latest new home construction data. Many analysts are still trying to figure out why housing starts nose-dived in February. Privately owned housing starts in February plummeted 17%, down to an annualized 897,000 from the revised January estimate of […]
Gulf Shores Homebuying Season Outlook
There have been all sorts of reports and predictions coming out about the Gulf Shores homebuying season outlook. Freddie Mac's Deputy Chief Economist, Len Kiefer, gives Freddie Mac's preview and prediction of the March 2015 U.S. Economic and Housing Market Outlook in this short video report… . We have more news as it relates to […]
Gulf Shores Home Sales Numbers: Victim of Winter?
Gulf Shores home sales have fallen to their slowest pace in nine months, with sales of existing homes tumbling 4.9 percent last month. Relatively low mortgage rates and steady job growth have not yet spurred the kind of activity from buyers or sellers, raising the possibility of either a spring rush, or another year of […]
Existing Gulf Shores Home Sales Increased in December
According to figures from the National Association of Realtors, existing Gulf Shores home sales increased in December, reaching an annual pace nationally of more than 5 million sales for the sixth time in seven months. Median home prices for last year reached their highest level since 2007 but the total number of sales dropped 3.1% […]
Owning a Home Not Among Americans’ Problems
The latest Gallup poll shows that the average American has a lot of problems, but owning a home is not one of the biggies any more. Right now, more Americans are concerned about healthcare costs, low wages and a lack of jobs. When it comes to the capital markets, they worry about the cost of […]
FHA Slashing Gulf Shores Mortgage Insurance Premiums
In a move expected to bring 250,000 first-time homebuyers into the market, FHA will reduce annual Gulf Shores mortgage insurance premiums by half a percentage point, to 0.85 percent. The move is expected to make homeownership more affordable for more than 2 million homeowners in the next three years. After raising Gulf Shores mortgage insurance […]
Gulf Shores Household Costs Down For Owners
The burden of Gulf Shores household costs fell for the third consecutive year, according to the U.S. Census’ 2013 American Community Survey. Nationwide last year, 39.6 million households spent more than 30 percent of their income on housing, which is a decrease from 40.9 million in 2012 and down from the peak of 42.7 million […]
Gulf Shores Home Sales Continue Strong Uptick
More people closed on a Gulf Shores home or condo last month, with sales of existing Gulf Shores homes rising to the highest level since September 2013. Gulf Shores Home Sales Mirror National Numbers The same trend that Gulf Shores home sales are seeing holds true across most of the rest of the country as […]
Losing Gulf Shores Homes Over Unpaid Utility Bills
Families are losing their Gulf Shores homes because of unpaid utility bills. It's happening all over America, not just in the Gulf Shores area… . Losing Gulf Shores homes over unpaid water or sewer bills seems unreal indeed, but it is happening. So keep this story in mind before you decide to dig your heels […]
Baby Boomers Staying Put With Their Gulf Shores Homes
A majority of Baby Boomers surveyed recently by the non-profit Demand Institute say they plan to stay put in their Gulf Shores homes. Many of the decisions to stay in their Gulf Shores homes has to do with the recession. The financial crisis put an end to years of rapid wealth accumulation, causing the typical […]
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