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Lance Steffek's Blog

By The Lance Steffek Team | Agent in Orange Beach, AL

PMI Index Changes Bode Well for Gulf Shores Buyers?

PMI changes bode well for Gulf Shores?One of the most credible forecasters of housing value trends has released some very valuable data that bodes well for potential Gulf Shores buyers. According to a recent story in Realty Times, the national PMI index, for the first time in a year it has determined that "overall risk has decreased" in the 384 metropolitan markets.

The PMI Index predicts where home values are headed by examining local employment, household income, economic growth and demographic changes.  The PMI Risk index is produced quarterly by the private mortgage insurance organization PMI Group.

PMI's risk index was one of the first predictors of the housing crash, so its quarterly findings are considered very credible by mortgage experts.  According to the most recent index released last week, home values are increasing in dozens of major metropolitan markets, while risk has decreased by 2.6%

This not a big change but it is a very good indicator of where we are headed

Another recently released economic indicator showed encouraging figures: The Zillow index of home owner negative equity stated that the national rate dropped slightly to 21.4 percent in the last quarter of 2009.  At the same time, home equity values are rising, while major homebuilders are seeing a rise in orders.

This may be time to plan your move in Gulf Shores- Orange Beach - maybe first for a vacation. Perhaps the winter months have really taken the best of you? Are you tired of looking at mounds of snow and ugly gray skies? How about the bone chilling cold breezes? Have you had enough yet! If your answer is an astounding YES! YES! YES! than Gulf Shores or Orange Beach could be in your short-term future. Winter and Spring are great times to take a Gulf Shores or Orange Beach vacation. Monthly condominium rentals are in demand since they are generally nearby all of the most popular activities. There are many great deals going on, so let me be the one to be your guide. Now is the time to plan your winter escape. You won't be disappointed with a visit to Gulf Shores. Many folks have enjoyed Gulf Shores so much that they come back to purchase a permanent home. 

Whether you are looking for a beach home for your retirement, investment property, vacation home, or second home, I can help you find the perfect real estate in Gulf Shores. Don't waste any more time, let's get started today! Contact Lance Steffek at (251) 981-2225.

 

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