After several years on the sidelines, a new report shows Gulf Shores millennial homebuyers are finally starting to enter the market. The recently published survey included more than 13,000 homeowners, renters, buyers and sellers and is part of the Zillow Group Consumer Housing Trends Report. The survey shows millennials are participating in the market and, […]
First-Time Gulf Shores Homebuyers Decline
While housing continues to make a steady recovery, the percentage of first-time Gulf Shores homebuyers remains very low. At only 32% of all home purchases, first-time buyer totals have fallen to the lowest level in almost thirty years. Why Gulf Shores Homebuyers Aren’t Buying Despite market conditions seemingly being favorable for first-time buyers, they simply aren’t […]
Gulf Shores Homebuyers Playing Waiting Game
The effects of a down economy over the past few years has taken its toll on first-time Gulf Shores homebuyers. Industry experts cite the inability of young Americans to accumulate savings for down payments and an unstable job market as major reasons. The result is they are sitting on the sidelines longer than ever before […]
Rent Trap Stopping First Time Gulf Shores Homebuyers
First time Gulf Shores homebuyers are in a trap they can't seem to get out of, and it's called a "Rent Trap." Everyone has pretty much come to the conclusion that interest rates won't stay low much longer, and home prices continue to rise. New three percent down programs from Fannie and Freddie sweeten the […]
Gulf Shores Homebuyers Understand Credit Scores
95 percent of Gulf Shores homebuyers know that credit scores play a significant role when purchasing a home, and those who know their credit scores feel better prepared to buy. This recent data comes from a survey from Experian Consumer Services. In addition, 45 percent of future Gulf Shores homebuyers say they have delayed buying […]
Biggest Mistakes Gulf Shores Homebuyers Make
Nearly one-third of all Gulf Shores homebuyers, and 68 percent of first-time buyers, were 34 or younger last year. Those numbers are expected to grow as millennials now represent the largest share of buyers. But many millennials are making some pretty costly mistakes according to a recent report from the National Association of Realtors. Here […]
How Aging Homes Could Affect Gulf Shores Home Buyers
With more and more houses getting older and older, how could this aging trend affect Gulf Shores home buyers in the future? The Department of Housing and Urban Development's American Housing Survey (AHS) shows that the median age of homes in the United States is now around 35 to 40 years old. The National Association […]
Facts Gulf Shores Home Buyers Need to Know Now
There are some things Gulf Shores home buyers need to know about this current seller's market we're in, but it's not all that bleak if you're looking to buy a home. Although sellers are enjoying an edge with surging prices and tight inventories, it's far from all negative gloom and doom for Gulf Shores home […]
Fewer Gulf Shores Homes Being Bought With All Cash
Fewer and fewer Gulf Shores homes are being bought and paid for with all cash. The same trend is holding up nationally as well. Cash home sales fell to 35.5 percent of the market nationwide in December 2014 compared to 38.5 percent in December 2013, according to new numbers released by CoreLogic. A high rate […]
Many Gulf Shores Homebuyers Can Get Help
A study to make Gulf Shores homebuyers realize they could qualify for a free down payment without hitting the jackpot and winning the lottery found that 87 percent of all U.S. homes qualify for down payment help. Gulf Shores Homebuyers Need to Investigate Options Many Gulf Shores homebuyers, especially Millennials, have not fully investigated their […]