Category Archives: Gulf Coast Real Estate

William Bruce discusses Gulf Coast real estate trends and issues.

Foreclosures dragging down the market in Mobile, Alabama and statewide

A recent report sheds light on the problem of foreclosures in Mobile and statewide in Alabama. While not hit as hard as such states as Florida, California, and Michigan, Alabama and its metro areas have been no exception to these problems. Data confirms that the year-to-date peak median sales price for 2011 is down about 4 percent from 2010, and about 11 percent from 2008. Continue reading

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Baldwin County, Alabama Named One of the Strongest Local Economies in America

Baldwin County, Alabama was recently ranked by Policom Corporation as one of the strongest micropolitan economies among in America. Micropolitan statistical areas are economies with populations of between 10,000 and 50,000 people. Continue reading

Posted in Alabama's Economy, Gulf Coast Real Estate, Gulf Coast Regional & National Economy, Mobile, Fairhope & Gulf Shores, Alabama | Tagged , , , , | 1 Comment

Mobile, Alabama Named Hottest Real Estate Market in America

A New York financial news and opinion organization has picked Mobile, Alabama as the market in which housing values will rise the most this year. Continue reading

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South Alabama Real Estate Reality Check

The University of South Alabama puts on an annual Commercial Real Estate Summit. A panel of expert speakers at the conference served as a reality check on the current state of the real estate market in South Alabama and along the Gulf Coast.

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Nationally, home sales are up, prices down

According to a report from the National Association of Realtors, the number of residential sales is starting to pick up after the worst year in more than a decade. But the momentum is coming from cash investors who are buying up steeply discounted foreclosures, not first-time home buyers who are important to a healthy market recovery. Continue reading

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Mobile, Alabama City and State Economic Outlook

The Mobile Alabama economy is performing at the level of the last quarter of 2005 according to Dr. Don Epley of the University of South Alabama. But according to Epley, the economic impact of Austal’s $5 billion Navy contract will be huge. Continue reading

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Has the oil spill hurt Gulf Coast real estate values?

According to a new report, the oil spill will negatively affect Gulf Coast real estate values by $3 billion over the next five years. The report by CoreLogic of California says the average loss per home in the Mobile, Alabama¬†coastal … Continue reading

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