Government Plans to Lower Interest Rates for Home Buyers

By Barbara Reeves | Published: November 26, 2008

This past Tuesday, the government spoke up about plans to buy up to $100 billion in mortgages held by Fannie Mae and Freddie Mac and the Federal Home Loan Bank, as well as purchasing up to $500 billion of mortgage securities.  This plan was issued in order to lower interest rates on loans by directly … Continue reading Government Plans to Lower Interest Rates for Home Buyers

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Mobile Named Among the “Ten Most Promising Housing Markets”!

By Barbara Reeves | Published: November 25, 2008

Here is some good news on our local housing market – a bright spot in an otherwise dim economy.  Note that nearby Biloxi, Mississippi is right at the top of the list! Daily Real Estate News  |  November 17, 2008  |  REALTOR Magazine Top 10 Most Promising Housing Markets Housing Predictor, which provides housing forecasts in 250 markets, has … Continue reading Mobile Named Among the “Ten Most Promising Housing Markets”!

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Spanish Fort AL Rezoning Request Vote Delayed

By Barbara Reeves | Published: November 24, 2008

The Spanish Fort City Council meeting this month resulted in another delay of the vote for a rezoning request regarding the placement of a cell phone tower.  Thus, the December 1st meeting of the City Council will involve a vote on whether the request for rezoning of almost an acre of land will be devoted … Continue reading Spanish Fort AL Rezoning Request Vote Delayed

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Baldwin County Planning and Zoning Commission Held Work Session for Horizon 2025 Plan

By Barbara Reeves | Published: November 21, 2008

The Comprehensive plan for Baldwin County is steadily coming along.  Last night the Baldwin County Planning and Zoning Commission work session was held to talk about how the Horizon 2025 document would be implemented.  The Genesis Group prepared the report based on input from political leaders in 2007 and residents; the current questions for the … Continue reading Baldwin County Planning and Zoning Commission Held Work Session for Horizon 2025 Plan

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Come and Visit Mobile AL this Holiday Season

By Barbara Reeves | Published: November 19, 2008

If you aren’t familiar with Alabama’s Gulf Coast (aka “The Best Kept Secret”), than now is the perfect time to see what the Coast has to offer.  Mobile, Alabama stands out as an area infiltrated with culture, natural beauty, and ongoing events for you and your family.  Come to Mobile AL this month and check … Continue reading Come and Visit Mobile AL this Holiday Season

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Alabama Gulf Coast Homeowners paying less taxes than nearby areas

By Barbara Reeves | Published: November 17, 2008

While many Gulf Coast homeowners are concerned about the increasing property taxes, Alabama Revenue Commissioner Time Russell explained last Thursday that these taxes are still much lower than other parts of the country.  Last week’s “Coffee with the Mayor” resulted in a discussion about property taxes to help Baldwin County residents understand the current situation.  … Continue reading Alabama Gulf Coast Homeowners paying less taxes than nearby areas

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Spanish Fort Housing Market Strong in October

By Barbara Reeves | Published: November 13, 2008

The October 2008 MLS data for Spanish Fort AL shows 8 homes have sold with an average sales price of $267,043, up 7% from September. The median sales price of $290,000 is up substantially after a big drop from August. Homes are moving more quickly, at 87 average days on the market. Spanish Fort is a … Continue reading Spanish Fort Housing Market Strong in October

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Alabama’s Gulf Coast Economy Doing Well

By Barbara Reeves | Published: November 12, 2008

In a quarterly meeting in Foley AL last week with the South Baldwin Chamber of Commerce, it was revealed that the economic trends in the Gulf Coast seem to be in favor despite national concerns.  The reported lodging revenue for Alabama’s Gulf Coast region is $244 million which is up from $219, which was last … Continue reading Alabama’s Gulf Coast Economy Doing Well

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Fairhope Home Sales Fairly Steady

By Barbara Reeves | Published: November 11, 2008

October 2008 MLS statistics in Fairhope AL show 16 homes have sold in Fairhope with an average sales price of $268,516. This represents a drop of just over 4% from September. The median sales price of $261,250 has recovered significantly from September which saw a big drop from August. Days on the market averaged 174 days … Continue reading Fairhope Home Sales Fairly Steady

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Daphne AL Offers a Buyers’ Market

By Barbara Reeves | Published: November 10, 2008

October 2008 MLS data for Daphne AL shows 445 homes on the market with an average sales price of $310,231 which is unchanged from Sepember. The median price of $230,000 is down about 4% over the same time period. The median is the point where there are the same number of prices lower than higher. These … Continue reading Daphne AL Offers a Buyers’ Market

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