The Gulf Shores housing recovery is continuing to move in a positive direction, but more work needs to be done to help the economy fully recover. The Obama administration said in its June housing scorecard, which is a comprehensive report on the nation's housing market prepared by U.S. Department of Housing and Urban Development and […]
Millennials Key to Stronger Gulf Shores Housing Recovery
The Gulf Shores housing recovery should regain its footing, but at the same time, faces a number of challenges. This, according to a new survey by the Joint Center for Housing Studies at Harvard University. The State of the Nation's Housing report released recently says tight credit, high unemployment and mounting student loan debt among […]
Gulf Shores Housing Hoping Washington May Help Out
Several new initiatives were announced recently at the Making Home Affordable summit that will hopefully spur the Gulf Shores housing market. U.S. Treasury Secretary Jacob Lew identified three specific issues that are holding back Gulf Shores housing and announced plans to address each of those issues. Three New Plans to Help Gulf Shores Housing: The […]
Why Gulf Shores Home Buyers Won’t Take the Leap
Here we are, half way through the year, and Gulf Shores home buyers are just not jumping on the idea of buying a home. The spring buying season was down 1.2 percent in May, and declines in borrowing to buy a home in the month of May are virtually unprecedented. Sales are down year over […]
First Time Gulf Shores Home Buyers Being Squeezed
Raising the necessary cash for a down payment is the toughest hurdle first time Gulf Shores home buyers face on the road to home ownership. For many, government programs like FHA, USDA Rural Development guaranteed loans, VA loans and down payment assistance programs sponsored by state and local housing authorities have made a big difference. […]
Gulf Shores Home Prices Hitting Record Highs
Gulf Shores home prices are hitting highs not seen in years, thanks mostly due to low inventory. Still, as many borrowers struggle with unwieldy mortgage payments, and certain areas are still deluged by foreclosures, news of record high prices are causing some concern. Looking forward, economists expect home-price growth to slow down. CoreLogic’s deputy chief […]
Don’t Trust Gulf Shores Home Values to Zillow
If you're one of the millions of people who constantly log on to Zillow.com to look up the "Zestimate" (Gulf Shores home values according to Zillow) on your home, you may want to think twice before depending on that "Zestimate" to be anywhere even close to accurate. Gulf Shores Home Values Found to Be Inconsistent […]
Things Gulf Shores Homebuyers Wish They Knew Before Buying
Everyone has experienced buyers remorse at some point in their lives. A recent Chase Bank survey found that some Gulf Shores homebuyers would change some things about their home purchase if they had a second chance. Chase's survey, "What I Wish I Knew About the Homebuying Process," asked 807 recent homebuyers about their attitudes following […]
Gulf Shores Housing Recovery Stalled?
When it comes to the most recent numbers for Gulf Shores housing, as well as housing nationwide, one thing is clear — the recovery has stalled. Housing was to play a big part in the 2014 overall economy. Pent up demand, continued low interest rates, and prices that still made Gulf Shores housing affordable were […]
Cost of Gulf Shores Homeownership Continues to Climb
The cost of Gulf Shores homeownership continues to rise, and is now partly to blame for the recent housing woes. It had been thought that home sales had slowed due to unusual winter weather in many parts of the country, but buyers seem to be contradicting that theory now that spring has arrived. According to […]
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