Over the past month or two, it looked as though the Gulf Shores housing recovery was beginning to soften. According to an article at RisMedia, the results of Fannie Mae's National Housing Survey for August found that even though the jobs market has improved this year, consumers are still concerned about their income. Gulf Shores […]
Gulf Shores Housing Recovery Continues Making Progress
The Gulf Shores housing recovery is continuing to move in a positive direction, but more work needs to be done to help the economy fully recover. The Obama administration said in its June housing scorecard, which is a comprehensive report on the nation's housing market prepared by U.S. Department of Housing and Urban Development and […]
Millennials Key to Stronger Gulf Shores Housing Recovery
The Gulf Shores housing recovery should regain its footing, but at the same time, faces a number of challenges. This, according to a new survey by the Joint Center for Housing Studies at Harvard University. The State of the Nation's Housing report released recently says tight credit, high unemployment and mounting student loan debt among […]
Gulf Shores Housing Recovery Will Continue
There is doubt circulating as to whether the Gulf Shores housing recovery will continue. Mortgage applications are down and refinancing is down dramatically since interest rates started rising throughout the summer. A lot of banks are laying off workers in the mortgage refinancing departments in anticipation of slower refinance applications into the future. In a […]
Fannie Says Rates Won’t Hurt Gulf Shores Housing Recovery
Fannie Mae still believes that higher mortgage rates won't hurt the Gulf Shores housing recovery. After looking at mortgage rates going back to 1990, Fannie Mae's researchers came to the surprising conclusion that while rising rates were likely to hurt the number of home sales, they had virtually no impact on actual home prices. The […]
Did Bernanke Kill the Gulf Shores Housing Recovery?
Did Fed Chairman Ben Bernanke hurt the Gulf Shores housing recovery when he said recently that he thought the housing market is strong enough to stand on its own feet. If that was the message Bernanke was trying to deliver for the U.S. economy, investors seemed to have received it loud and clear. Did Bernanke […]
Foreclosure Backlog Could Slow Gulf Shores Housing Recovery
A foreclosure backlog could slow the Gulf Shores housing recovery. All states are not backed up with foreclosures in waiting, some are, some aren't. This backlog, coupled with the continued problem of homeowners being underwater on their mortgage, could mean the housing uptick we've seen over the past year could be confronted with a slowdown. […]
Gulf Shores Housing and Economic Forecast
Gulf Shores housing, as well as a forecast for the nation’s housing and economic outlook was presented recently by the National Association of Realtors (NAR) during their 2012 Realtors Conference and Expo. NAR chief economist Lawrence Yun says he expects the market share of distressed sales to fall from about 25 percent in 2012 to […]
Is This Housing Recovery Real, or Another Blip?
Everyone’s trying to figure out whether the housing recovery we are seeing now is for real, or if it’s just another one of those blips on the radar like we saw in 2010. Robert Shiller, co-creator of the Case-Shiller index, discussed the state of the housing market recently on Fox Business News. Here’s what he […]
Gulf Shores Housing Recovery: 2012 Could Be The First Year
From peak levels five years ago, home prices are down more than 30 percent, combined sales of new and existing homes are nearly 40 percent lower, and new home construction has plunged more than 70 percent. However, several factors are falling into place that will support gradual progress in the coming year as long as […]