Gulf Shores housing sector fundamentals remain favorable despite the recent rise in interest rates and the sharp drop in housing starts in June. The decline in housing starts was almost all in the volatile multi-family sector. Single-family starts remained in a range just below 600,000 nationwide, while multi-family fell 26 percent to 245,000. Multi-Family Important […]
Gulf Shores Rental Prices Increasing
After the U.S. housing collapse there was an increase in both rental demands and prices. The higher Gulf Shores rental prices are making it increasingly difficult for low income families to afford a home. A new study shows a renter in many areas has to earn at least $19 an hour to afford a decent […]
Gulf Shores Home Prices Continue to Increase
The latest Case-Shiller report that includes Gulf Shores home prices is out, and June saw the first year-over-year increase since 2010. Here’s what this latest report means for the overall economy. Gulf Shores home prices continue to rise, and mortgage rates have risen above 4 percent — depending on your credit and the type of […]
Gains in Gulf Shores Home Prices Bringing Out More Sellers
Soaring Gulf Shores home prices are leaving fewer homeowners owing more money than their properties are worth, bringing them off the sidelines of the surging Gulf Shores housing market and offering relief to buyers who are frustrated by bidding wars. As more homes are put up for sale, price increases are expected to moderate. Increasing […]
Higher Gulf Shores Home Prices Shrinking Affordability
A combination of rising Gulf Shores home prices and higher interest rates are making home affordability increasingly out of reach for many. Even at 4 percent, the long-term mortgage rate has been in historical territory not seen in 60 years since the low for the 30-year fixed was set at 3.31 percent last November. Interest […]
How Immigration Reform Could Affect Gulf Shores Real Estate
Passage of immigration reform could be a boon to the Gulf Shores real estate and mortgage markets over the next decade. How Gulf Shores Real Estate Could Benefit If Congress approves legislation providing a pathway to citizenship for undocumented immigrants, the National Association of Hispanic Real Estate Professionals (NAHREP) expects the country's pool of home […]
Why Gulf Shores Home Prices Will Slow Down
There are several factors we believe will cause increases in Gulf Shores home prices to slow down in coming months. As of the first quarter of 2013, average Gulf Shores home prices, as well as prices across the United States are back at their mid-2003 levels. One of the most widely followed measures of Gulf […]
Gulf Shores Home Appraisals No Longer Derailing Sales
It now seems that Gulf Shores home appraisals are no longer killing sales as they were just last fall. Appraisers are putting higher values on homes again, allowing more deals to go through. During the housing bust, Gulf Shores home sales were often derailed by low-ball appraisals that fell far shy of a home's selling […]
Gulf Shores New Homes Influenced by Boomers
t's no wonder why Gulf Shores new homes are being heavily influenced by baby boomers. Recent studies by the National Home Builders Association and AARP show that baby boomers are leading the push in Gulf Shores new home construction trends, influencing how builders, designers and architects modify their floor plans to meet varied lifestyles and […]
Rent or Buy a Gulf Shores Home?
With both Gulf Shores home prices still at attractive levels and interest rates at all-time lows, now may be the time to buy your dream home. The question renters are always asking is, "is it cheaper to own or to buy a Gulf Shores home?" Stacy Johnson looks at owning versus renting in this short […]
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