Gulf Shores home asking prices continue to rise this summer as sellers seem to be staying on the sidelines. The number of homes listed for sale rose by just 0.5% in June from May and was down 19.4% from one year ago, according to Realtor.com. Slightly less than 1.89 million homes were listed for sale […]
Gulf Shores Home Prices Up For Third Month
Gulf Shores home prices have edged up for the third month in a row, albeit ever so slightly. According to the Federal Housing Finance Agency’s (FHFA’s) monthly House Price Index (HPI), home prices rose 0.8 percent between March and April, on a seasonally adjusted basis. Previously, the FHFA had reported a 1.8 percent price increase […]
Things to Consider When Buying a Gulf Shores Home
There’s never been a better time for buying a Gulf Shores home than right now. Mortgage rates hit a new record low almost on a weekly basis of late, and home prices may have already bottomed and be starting on their way back up. Waiting much longer could mean higher Gulf Shores home prices, and […]
Gulf Shores Real Estate On The Upswing
Gulf Shores real estate news is looking very positive for a change. Several housing price indexes were released that show things swinging upward in multiple categories. The Commerce Department and HUD reported new home sales rose 3.3 percent month-over-month in April to a seasonally adjusted annual rate of 343,000, up from 332,000 in March. On […]
Gulf Shores Home Prices Up – First Time In 10 Months
Gulf Shores home prices rose for the first time in 10 months, according to the S&P/Case Shiller composite index released recently, an encouraging sign the battered housing sector is starting to stabilize. It was the first time home prices have gained since April 2011. That gain was itself an anomaly in a string of declines […]
Higher Gulf Shores Home Prices Expected by Consumers
Higher Gulf Shores home prices are expected by 33 percent of consumers over the next year. Fannie Mae’s March housing survey indicated 5 percent more people expect Gulf Shores home prices to increase this month over the 27 percent surveyed last month who thought prices would increase this year. Nearly half of consumers expect higher […]
What is Your Gulf Shores Home Worth?
Thinking of selling your Gulf Shores home? The first big question you must answer is, what is your Gulf Shores home worth? The best way to determine the current value of your home is by having a comparitive market analysis (CMA) done on your home… Pricing your Gulf Shores home properly before putting that “for […]
Are We Near the Gulf Shores Housing Market Bottom?
The Gulf Shores housing market bottom is not going to be a date on the calendar. More likely, the market’s bottom represents a series of events that set up the Gulf Shores housing market for recovery. What Has to Happen to the Gulf Shores Housing Market First According to Stan Humpries, chief economist at real […]
Gulf Shores Housing Recovery Update
The Gulf Shores housing recovery seems to be seeing a bottom finally getting closer, but getting there remains dicey. Home sales are steady, more sellers are lowering their prices and the inventory of homes for sale is dropping. Unfortunately, the inventory doesn’t include the so-called “shadow inventory” of both distressed properties and those still held […]