Recent Gulf Shores housing statistics — included as part of third quarter housing results reported by Zillow –– show that roughly a million U.S. homeowners finally owe less than their homes are worth. Water Receding in Gulf Shores Housing Market? According to the Zillow report, the negative equity rate among homeowners in the U.S. dropped […]
Gulf Shores Housing Snapshot October 2015
The Commerce Department recently reported housing starts in the Gulf Shores housing market and other parts of the U.S. dropped to a seven month low in October. And while single-family home construction in the South fell, a greater-than-expected surge in building permits indicate housing is still relatively strong. A Closer Look at Gulf Shores Housing […]
Gulf Shores Housing: Rent on the Rise
Rent increases seem to be the norm rather than the exception in the Gulf Shores housing market. While increases affect renters at all income levels, those near the bottom are being hardest hit. Rent Inflation Affects Gulf Shores Housing Higher rents are having a greater impact on the lower-cost housing units than on the higher-cost units say […]
Gulf Shores Real Estate Myths
If the Gulf Shores real estate market isn't confusing enough at times, many people have misconceptions that make it even more so. Often these myths dissuade others from entering the home buying or home selling maze. Don't believe everything you hear. Here are a few popular real estate myths. Gulf Shores Real Estate – Misconceptions Myth: With […]
Gulf Shores Housing Bubble – Can it Happen Again?
Indirectly addressing concerns that the current Gulf Shores housing market — among others across the nation — is destined to suffer the woes of the housing collapse of less than a decade ago, Former Federal Reserve Chair Ben Bernanke recently shared his thoughts on the subject. Has Gulf Shores Housing Learned a Lesson? Bernanke said […]
Gulf Shores Home Buying On Back Burner?
Many Gulf Shores home buying experts say that more people are waiting longer to purchase. This is especially true with the generation known as "Millennials," those in their late 20s to mid 30s. In fact, according to Zillow the average age of most first-time home buyers is 33, compared to 29 in the late 1970s. […]
Gulf Shores Real Estate Prices Rising
Gulf Shores real estate prices are rising. And that's both good news and bad news, depending on whether you're a home seller or a home buyer. According to the National Association of Realtors the median home price in the United States was up over 8% in the second quarter of this year compared to the […]
How a Rate Hike Would Affect Gulf Shores Housing
The Gulf Shores housing market has been anticipating a possible interest rate hike by the Federal Reserve Bank. Analysts say a small interest rate hike will have little effect on housing activity. In fact, there are other components that are more telling that could impact Gulf Shores housing. What to Look for in the Gulf […]
The Gulf Shores Housing Outlook
The Gulf Shores housing outlook continues to remain positive. The Commerce Department released information confirming that the sales of newly built homes rose more than 5% in July. In addition, prices for new homes were up. Homebuilders cite two reasons for the recent higher traffic and sales activity: 1.) The much anticipated rate increase by […]
Gulf Shores Housing Market on the Upswing
The Gulf Shores housing market is doing better than expected. According to recently-released Commerce Department statistics, new home sales across the country enjoyed a 25% percent increase in July, 2015 compared to the same month a year ago. Gulf Shores Housing: A Seller's Market It's a seller's market, evidenced by these characteristics: Higher sales prices […]
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