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 […]
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 Prices Returning to Normal
After a rough past 5 to 7 years, Gulf Shores home prices are slowly returning to normal, and Case-Shiller predicts home prices will continue to average 3.3% increases annually over the next 5 years. The Gulf Shores housing market was the closest thing to being called “normal” in 2012 that we’d seen since 1977. For […]
Where Gulf Shores Home Prices Are Headed in 2013
Gulf Shores home prices are expected to rise a modest one to two percent in 2013 from the fourth quarter of 2012. Gains in some areas of Gulf Shores will be stronger than others, but overall, Gulf Shores home prices have finally turned the corner, and we see no reason to be fearful of further […]
Gulf Shores Home Prices: Tips For Setting Your Listing Price
When selling a home, trying to figure out what Gulf Shores home prices should be can only be determined by actually selling it. Because homes vary, estimates can and almost invariably do vary widely — they are essentially opinions, more or less qualified, and based more or less on fact. Additionally, most opinions of value […]
Rising Gulf Shores Home Prices Could Stall the Housing Recovery
Gulf Shores home prices have been rising steadily for the past several months, but some fear the rapid increase could actually start hurting the housing recovery. The rise in Gulf Shores home prices is mainly due to investors, mostly large hedge funds, that have been swooping into various area and inhaling properties as fast as […]
Gulf Shores Home Prices Up in September
Gulf Shores home prices were up in September, while prices nationwide were up 5 percent year-over-year and home sales posted a 4 percent annual increase. According to Redfin’s analysis of activity across many major U.S. markets, these increases come even as housing metrics began their typical seasonal declines. Redfin CEO Gelnn Kelman points out that […]
Gulf Shores Home Prices Continue to Rise
Gulf Shores home prices continue to show signs of improvement, but the road to recovery remains a long one. Home Prices Up According to the S&P/Case-Shiller home price index, average home prices increased 1.6 percent in July compared to the previous month, marking the third consecutive month that all 20 major markets studied in the […]
Gulf Shores Home Prices Increase
Gulf Shores home prices ended the second quarter with the first positive annual growth rates since the summer of 2010, according to Standard & Poor’s Case-Shiller indexes. Nick Timiraos has details… Before rising Gulf Shores home prices make it less affordable to own a home, talk to us and let us show you why it’s […]
Gulf Shores Home Prices Up, Inventory Down
Gulf Shores home prices continued their upward trend in July, while inventory of available homes for sale continued it’s downward spiral. Demand for homes is growing faster than the inventory, helping push the national median price of existing homes up for the fifth month in a row. This increase comes in spite of the modest […]