The down side of rising home prices and tighter inventories is the decline of Gulf Shores housing affordability. A new study from Interest.com found that the American dream of owning a home is slipping out of reach of more and more families. Gulf Shores Housing Prices Outpace Income Along with robust Gulf Shores home prices, […]
Gulf Shores Housing: Boom or Bust?
Real Estate Expert Brendon DeSimone appeared on Fox Business News recently and talked about the future of the housing market, and what he thinks is going to happen with mortgage rates. The Gulf Shores housing market is still not where it was during its pre-recession peak, but buyer demand seems to be closing the gap. […]
Mortgage Rate Hikes Starting to Affect Gulf Shores Housing
A sharp jump in mortgage rates from May to June are now beginning to weigh on the Gulf Shores housing recovery. The two-month delay can be attributed to several factors—first and foremost that most potential home buyers lock in mortgage rates early, and sale closings can take up to two months to be finalized. Second, […]
Gulf Shores Housing Outlook Still Positive
Gulf Shores housing sector fundamentals remain favorable despite the recent rise in interest rates and the sharp drop in housing starts in June. The decline in housing starts was almost all in the volatile multi-family sector. Single-family starts remained in a range just below 600,000 nationwide, while multi-family fell 26 percent to 245,000. Multi-Family Important […]
Rising Rates Bad for Gulf Shores Housing
Gulf Shores housing is facing what some financial experts call "very concerning circumstances" when it comes to rising mortgage rates. Peter Tchir of TF Market Advisors, a New York research, asset management, and consulting firm, puts it quite simply, "Rising rates are bad, particularly bad when it comes to one of the bright spots for […]
Student Debt Starting to Hurt Gulf Shores Housing
One of the biggest threats to the Gulf Shores housing recovery now seems to be the huge increase in student debt over the past 8 to 10 years. With students financing their education, many get out of college so deep in debt they cannot even begin to fathom buying a home. It's like the major […]
New Gulf Shores Housing Bubble?
Could there possibly be a new Gulf Shores housing bubble on the horizon? The latest S&P/Case-Shiller Home Price Index showed prices in the nation's 20 largest cities had the biggest year-over-year increase since May of 2006. Diana Olick reports for NBR that some are now worrying that we may be facing a new housing bubble. […]
Most Lenders Believe The Gulf Shores Housing Recovery is Real
A new survey of bank risk professionals, when asked about Gulf Shores housing, shows the originations space warming to the idea of expanding home lending. Gulf Shores Housing Prices Sustainable Approximately 70% of the professionals surveyed feel home prices are rising at a sustainable pace, reaffirming that the Gulf Shores housing recovery is real. FICO […]
Gulf Shores Housing: Crisis Over, or Not?
Gulf Shores housing has been a tricky thing to predict over the past couple of years, with signs of improvement and then signs of economic retreat, followed by signs of improvement again. The big question is, is the crisis finally over, or are we on the verge of another bubble? Gulf Shores home sales are […]
Gulf Shores Housing Market Roaring Back
There’s strong evidence that the Gulf Shores housing market is roaring back. Homes are selling faster than they have in over 3 years, and this trend seems to be breaking out all over the country. ABC’s Diane Sawyer has the story… Are there any other special features you’re looking for in a home other than […]
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