2014 was an encouraging year for the Gulf Shores housing sector. Housing nationwide found itself on a bit of a roller coaster. 2014 kicked off with the "Polar Vortex" blamed for slowing home sales in the early part of the year. As we close the door on 2014, the National Association of Realtors says sales […]
Gulf Shores Household Costs Down For Owners
The burden of Gulf Shores household costs fell for the third consecutive year, according to the U.S. Census’ 2013 American Community Survey. Nationwide last year, 39.6 million households spent more than 30 percent of their income on housing, which is a decrease from 40.9 million in 2012 and down from the peak of 42.7 million […]
Gulf Shores Housing Predicted to Strengthen Next Year
Gulf Shores housing is expected to strengthen along with the economy in 2015, according to Freddie Mac's U.S. Economic and Housing Market Outlook for November. Frank Nothaft, Freddie Mac's chief economist, said recently that “the good news for 2015 is that the U.S. economy appears well-poised to sustain about a 3 percent growth rate in […]
Could We See Another Gulf Shores Housing Crisis?
This week's "Slap in the Face" Award goes to our devoted public servants in Washington, who've decided the Gulf Shores housing market isn't moving fast enough. To correct this, they're lowering lending requirements, and some mortgages will not require a down payment… again. Really? We mean, REALLY? . The Gulf Shores housing market, or any […]
Latest Trend in Gulf Shores Housing: Roommates
With rents climbing faster than most American's paychecks, the latest trend in Gulf Shores housing is finding a roommate to split the bills, and it isn't just for kids straight out of college anymore. The percentage of adults living with someone other than a spouse or partner hit 32% nationwide in 2012, up from 26% […]
Boomers Facing Gulf Shores Housing Crisis
The Gulf Shores housing crisis is facing a whole new and different problem in the future, as Baby Boomers retire and are forced to spend more for housing than any generation before them. By 2030, the number of adults age 65 and older will more than double to 73 million, according to a report by […]
Gulf Shores Housing Expected to Soar in 2015
With so many economists and analysts trying to spell gloom and doom for the future of Gulf Shores housing, Altos Research is saying otherwise. Altos is saying that housing recovery critics are wrong about Gulf Shores housing. According to Altos, it's going to soar in 2015. "While we see signs of demand easing, we are […]
Gulf Shores Housing Report – June 2014
The Gulf Shores housing report for June from Case-Shiller and FHFA are out and show that both existing home sales and new home sales were down, even though prices were up. Inventory is also on the rise and that should continue to dampen price pressures for people looking to buy a home. Rick Sharga, EVP […]
7 Dumb Purchases – Gulf Shores Houses Not One of Them
Buying Gulf Shores houses is not on the list of the 7 dumbest purchases you could make, but these things that we tend to "treat ourselves to" usually leave us wallowing in regret later on. Buying Gulf Shores Houses Not on This List If you're considering buying any one of the many Gulf Shores houses […]
Why Gulf Shores Housing May Be Slowing
Gulf Shores housing has been showing signs of slowing down, and new problems facing homeowners looking to relocate, upsize or downsize, may be the reason why. The problem is that by doing so, many homeowners would be surrendering a dynamite mortgage interest rate, which means even if the home they want to buy is about […]
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