Tag Archives: Foreclosure

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

Posted in Gulf Coast Real Estate, Gulf Coast Regional & National Economy, Mobile, Fairhope & Gulf Shores, Alabama | Tagged , , , , | Leave a comment

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

Posted in Alabama's Economy, Gulf Coast Real Estate | Tagged , , , , , , | Leave a comment