Gulf Shores housing is down, as is much of the nation. According to deptofnumbers.com for 54 metro areas, inventory is down 24.2% compared to the same week a year ago. Unfortunately, these stats have only been kept since April 2006. The graph below shows the NAR estimate of existing home inventory through May and the […]
Gulf Shores Housing Recovery Finally Gaining Steam
The Gulf Shores housing recovery seems to finally be gaining some steam. Standard & Poor’s Deputy Chief Economist Beth Ann Bovino notes that the Supreme Court decision on the Patient Protection and Affordable Care Act pretty much stole the show recently. As a result, housing news was almost an afterthought for markets. While the news […]
Gulf Shores Housing Being Stifled by Lending Restrictions
Gulf Shores housing is finally recovering as conditions have boosted affordability to an all-time high. At the same time, a new study shows that lenders’ unwillingness to loosen their qualifications may be slowing down the recovery. The latest data from the annual Harvard Joint Center for Housing Studies report shows that, in general, the Gulf […]
Gulf Shores Housing Inventories Are Falling
Gulf Shores housing inventories are down. The National Association of Realtors (NAR) reports that inventories fell by 1.3 percent in March, leaving inventories 21.8 percent below their year-earlier levels. Home sales have now posted year-over-year gains in each of the last nine months. But in almost all of those months, the number of homes for […]
Higher Gulf Shores Home Prices Expected by Consumers
Higher Gulf Shores home prices are expected by 33 percent of consumers over the next year. Fannie Mae’s March housing survey indicated 5 percent more people expect Gulf Shores home prices to increase this month over the 27 percent surveyed last month who thought prices would increase this year. Nearly half of consumers expect higher […]
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 […]
5 Reasons to Buy a Gulf Shores Home in 2012
There are certainly more than 5 benefits to owning a Gulf Shores home. Yet some first-time buyers are skeptical of buying a home with the uncertainty surrounding the housing market. The uncertainty many refer to when talking about the housing market involves the magic date when home values will start to increase again. Since no […]
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 […]
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