Pending Gulf Shores home sales for January rose, as did all areas of the country. According to the National Association of Realtors’ Pending Home Sales Index, pending sales increased 4.5 percent to 105.9 from December figures. The numbers are also 9.5 percent above January 2012. With home prices on the rise, The Federal Savings Bank […]
Low Appraisal Valuations Wrecking Havoc on Gulf Shores Home Sales
Gulf Shores home sales are being stymied somewhat by low appraisal valuations, and this is the case just about everywhere in the country, not just in the Gulf Shores area. According to the results of a survey just released by the National Association of REALTORS® (NAR), “A sizable share of real estate appraisals are holding […]
Fall is a Great Time to Buy a Gulf Shores Home
Gulf Shores home sales are typically strong during the spring and summer, mainly because a lot families are trying to relocate between school years. But fall is a great time to buy a Gulf Shores home as vacations have wound down, and most potential home buyers want to be in their new home in time […]
Tight Lending Stunting Gulf Shores Home Sales and Employment
Tight lending standards are stunting Gulf Shores home sales and holding back job creation. This conclusion was reached by The National Association of Realtors in a survey they conducted with real estate agents. According to NAR chief economist Lawrence Yun, “Sensible lending standards would permit 500,000 to 700,000 additional home sales in the coming year.” […]
Tight Credit Strangling Gulf Shores Home Sales
Gulf Shores home sales are being squeezed by tight credit standards. No factor, including negative equity, lack of consumer confidence, and a shaky economy, have been as devastating to the housing industry as the inability of buyers to get financing. Even though mortgage rates continue hovering at record lows and home prices seem to have […]
Gulf Shores Housing Market According to NAHB and NAR
The Gulf Shores housing market continues to show positive signs of improvement, along with other markets throughout the U.S. This, as reported by National Association of Home Builder’s chief economist, David Crowe, in the NAHB March Market Index report… Gulf Shores Housing Market According to NAR According to the National Association of Realtors (NAR), nationwide, […]
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 […]