Gulf Shores home prices rose at almost unsustainable rates in 2013, but many analysts are predicting a slower pace when it comes to rising Gulf Shores home prices in 2014. Gus Faucher, Senior Macro Economist with PNC looks ahead at what he sees for the economy as well as housing in the new year… Obviously, […]
Gulf Shores Home Prices Back to 2004 Levels
Gulf Shores home prices, along with home prices across much of the country, are back to their mid-2004 levels. This news comes from the S&P/Case Shiller index as of September 2013. Gulf Shores home prices jumped again in September, marking their biggest annual gain in at least 7-1/2 years. Nationwide, the price index is up […]
Gulf Shores Home Price Increases Widen in September
After taking a break in the summer, Gulf Shores home prices got back up to strength in September, according to statistics reported by DataQuick in the company's monthly Property Intelligence Report. Other metrics, however, weakened. Gulf Shores Home Prices See Rapid Growth DataQuick reported that Gulf Shores home prices "resumed at a rapid rate of […]
Gulf Shores Home Prices Not Affected By Shutdown
Gulf Shores home prices were largely unaffected by the 16 day government shutdown. Aside from asking prices, the housing market remains uncomfortably tied to Washington and its budget mess, such as the shutdown's effect on mortgage processing for home purchases and the potential effect of a default on the housing market and economy. Other Factors […]
Gulf Shores Home Prices Rising Means Higher Costs
There is a downside to Gulf Shores home prices rising. With improved equity comes higher costs for property taxes and insurance. Rising Gulf Shores Home Prices Could Mean Higher Bills Rising Gulf Shores home prices means you can finally breathe a sigh of relief — especially if you're hoping to sell. But there is a […]
Gulf Shores Home Prices Slow Heading Into Fall
Gulf Shores home prices improved year-over-year for the 18th straight month in August, though the arrival of housing's usual "off-season" brought negligible monthly growth. Home prices nationwide increased 12.4 percent on a yearly basis in August. On a monthly basis, prices were up only 0.9 percent. Excluding distressed sales, home prices increased 11.2 percent over […]
Gulf Shores Home Prices Begin Stabilizing
Gulf Shores home prices rose in June 12.1% over the last year, according to a recent report from S&P/Case-Shiller's home price index. While that gain is still robust, it didn't quite match the gain of 12.2% reported for May. Rising mortgage rates may have something to do with that. "With interest rates rising to almost […]
Rapid Gains For Gulf Shores Home Prices Expected to Slow
While increases near double digits for Gulf Shores home prices have been common, home appreciation is projected to drop to 6.5% during the 12 months ending March 31, 2014, according to a report released recently. That will follow a 10.2% jump for the preceding 12 months, the first double-digit increase since the peak of the […]
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 […]