As spring rapidly approaches, the Gulf Shores economic update is for housing to cost more for many new prospective home buyers. Higher mortgage rates, rising home prices and slow-to-moderate job and income growth threaten to combine for a less than stellar spring home buying season. The end of 2016 saw home affordability reach its lowest […]
The Gulf Shores Economic Market: Bubble Talk Double-Talk
The Gulf Shores economic market has been battling the notion for some time now that the U.S. is headed for another housing bubble. A repeat of the recession and housing crisis from less than a decade ago is unlikely at best. Yet, there are those that have warned of another housing meltdown like the one that occurred […]
Beware of Financial Fraud in Gulf Shores’s Economy
Hardly a day goes by without Gulf Shores's economy being adversely affected by financial fraud. The reported fraudulent activity ranges from hackers being able to access a business’ computer network to various types of identity theft. Despite new chip-enabled credit cards and the general heightened awareness of phishing scams, hackers are becoming much more sophisticated […]
Gulf Shores Economy 2016: Rising Rents
The Gulf Shores economy saw only modest increases in the past year in the cost of food, transportation and clothing. No doubt, with similar numbers nationwide this has helped millions of Americans cope with what can often be dynamic consumer price changes. These and other slight increases have helped many households in the U.S. make […]
Gulf Shores Economy Almost Reaches Projections
The Gulf Shores economy grew only slightly less than expected during the first quarter of 2016. This was due, in part, to a surge in home-building and a slow but steady increase in inventory investment by businesses. The U.S. Commerce Department had projected the gross domestic product (GDP) to grow at a rate of .9%. […]
Gulf Shores Economy: Homes “Underwater”
The Gulf Shores economy has some things in common with other housing markets throughout the country. Despite substantial improvements in home prices in 2015, there are still a large number of borrowers "underwater" on their mortgages. This article will look at the reasons why this dilemma is still true for many homeowners. Gulf Shores Economy […]
Gulf Shores Economy Sees Sagging New Home Sales
The Gulf Shores economy received a minor setback as new home sales fell in January. The Commerce Department released their month-end performance report showing that new home sales dropped from a 10-month high. Sales decreased 9.2% to an annual rate of 494,000 units (adjusted seasonally.) December's sales results were 544,000 units. Economists say, however, the overall […]
Gulf Shores Economy Sees Growth in Senior Debt
The Gulf Shores economy is full of them –– older Americans who collectively have more debt than ever before. Baby boomers who've lived in the generation of rising housing prices, more expensive cars, and the staggering cost of higher education, now find themselves nearing retirement owing money. Recent data released by the Federal Reserve Bank […]
Gulf Shores Economy Lags
Growth in the Gulf Shores economy was sluggish during the last quarter of 2015, contributing to the overall U.S. economy which ended with a 0.7% annual rate. Economists say the slowdown was due, in part, to cautious consumer spending, reduction in businesses making investments and stagnant exports to other parts of the world. Gulf Shores Economy: What's […]
Gulf Shores Economy – How to Save
Many people in the Gulf Shores economy say saving money is a goal in 2016. The best way to save is to have a plan. Depending on your stage of life, a savings plan requires specific financial responsibilities and actions. While there's no such thing as a plan that fits everybody's needs, here are some suggestions. Saving […]
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