2014 was an encouraging year for the Gulf Shores housing sector. Housing nationwide found itself on a bit of a roller coaster. 2014 kicked off with the "Polar Vortex" blamed for slowing home sales in the early part of the year. As we close the door on 2014, the National Association of Realtors says sales […]
Winter: Good Time To Buy Gulf Shores Real Estate
So you started thinking about selling your Gulf Shores real estate, and you figure: Let's wait until the spring or early summer before listing. The yard will look its best and potential buyers will be out in force. And everybody knows that winter is dead time for Gulf Shores real estate. Right? Well, that's the […]
First Time Gulf Shores Homebuyers Disappearing
First-time Gulf Shores homebuyers now account for only one-third of all home purchases, the lowest share since 1987. That's according to an annual survey conducted by the National Association of Realtors, which questioned a random sample of people who purchased homes between July 2013 and June 2014. Reasons First Time Gulf Shores Homebuyers Are Vanishing […]
Gulf Shores Housing Predicted to Strengthen Next Year
Gulf Shores housing is expected to strengthen along with the economy in 2015, according to Freddie Mac's U.S. Economic and Housing Market Outlook for November. Frank Nothaft, Freddie Mac's chief economist, said recently that “the good news for 2015 is that the U.S. economy appears well-poised to sustain about a 3 percent growth rate in […]
More Than One Third Cannot Buy Gulf Shores Homes
Rising prices of Gulf Shores homes have helped restore home equity to many, but more than a third of potential homebuyers — 38 percent — earning the national median household income of $63,900 cannot afford to buy Gulf Shores homes that sold over the last quarter. Rising Prices of Gulf Shores Homes Partly to Blame […]
Smaller Gulf Shores Homes Finally Returning?
It seems that smaller Gulf Shores homes may finally be making a comeback. Data released recently by the Commerce Department shows the median size of a single-family home built in the third quarter was 2,414 square feet, down 2.3% from the second quarter measure of 2,472. New Gulf Shores Homes Smaller The third-quarter figure is […]
Where Have First Time Gulf Shores Homebuyers Gone?
First time Gulf Shores homebuyers seem to be disappearing right before our eyes. The same is true nationwide, as the percentage of homes that were sold to first-time homebuyers dropped to 33% this year, the lowest percentage in almost three decades. This drop in first time Gulf Shores homebuyers is despite the fact that mortgage […]
Latest Trend in Gulf Shores Housing: Roommates
With rents climbing faster than most American's paychecks, the latest trend in Gulf Shores housing is finding a roommate to split the bills, and it isn't just for kids straight out of college anymore. The percentage of adults living with someone other than a spouse or partner hit 32% nationwide in 2012, up from 26% […]
Cheaper to Buy a Gulf Shores Home Than Rent
New research from the real estate website Trulia finds that it's cheaper to buy a Gulf Shores home than it is to rent one. The advantage narrows considerably, however, when the home buyer uses a low-down-payment loan insured by the Federal Housing Administration. The average cost of homeownership, including mortgage, insurance, taxes and maintenance, is […]
Boomers Facing Gulf Shores Housing Crisis
The Gulf Shores housing crisis is facing a whole new and different problem in the future, as Baby Boomers retire and are forced to spend more for housing than any generation before them. By 2030, the number of adults age 65 and older will more than double to 73 million, according to a report by […]
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