Gulf Coast Real Estate Info - CondoInvestment.com

The Mobile based automation company whose most lucrative products are sold by most of the larger cable providers in the country including, but not limited to Comcast, Time Warner Cable and Rogers.  Catalysts for the recent growth over the past two years are the result of the demand for its devices, which control everything from lighting to thermostats.  
Once thought of as a product for the ultra wealthy, from high tech gadgets on the walls of higher end homes.  Today automation technology’s growth has become apparent in all homes.  Major companies like Bright house and Comcast provide services that are integrated with CentraLite devices.  
The company was recently named by Inc. magazine, as one of the top job producers in the state of Alabama.  The number…
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Under the qualified mortgage rule, from the Dodd- Frank legislation, mortgage lenders face greater legal liability if they make loans without ensuring the borrowers’ ability to repay.  Mortgage lenders who originate “qualified mortgages” enjoy greater legal protections should those mortgages default.
Fannie Mae and Freddie Mac are already requiring more documentation of income and credit history of our borrowers due to the pressure of the pending QM.  Bottom line, if the lender closes a loan that falls outside the parameters of QM, they are left with no protection from Fannie Mae or Freddie Mac.
A few examples of the pending changes for QM:
-     Loans cannot exceed 43% debt to income ratio (this effects how we calculate income)
-    Loans must be fully

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According to CoreLogic, home prices rose 3.3% statewide compared to 2012. This trend continued across the state with a few exceptions during the month of September. Prices fell in Mobile along with four other metro areas that include Tuscaloosa, Huntsville, Aurburn-Opelika and Dothan.

Distressed sales and foreclosures are dragging prices down in these areas, with the exception of Aurburn. In Mobile, Huntsville, Tuscaloosa and Dothan home prices would have increased if these short sales and foreclosures would have been excluded from the analysis.

According to Grayson Glaze, the executive director of the Alabama Center for Real Estate, he is optimistic regarding the home prices. He states “overall fundamentals in that market remain resilient,” with the

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After another record-breaking season of fun in the sun both guests and residents prompted the powers to approve a $48 million budget.  The plans include investing more in recreational facilities, strengthening public safety and provides a three percent cost-of-living raise to all city employees.

From the projected $48 million, $3 million is carried over from last year's budget, $25 million the city intends to draw, with $23 million carrying over from 2012.  Orange Beach expects to have a $4.5 million surplus for 2013 - $2.5 million more than expected - on December 31st.

"We had a huge surplus," Mayor Tony Kennon said.  "But you never know what next year brings, so, you know, make hay while the sun shines."  Total expenses in 2014 are expected to

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Airbus' 153 orders for aircraft in the month of October provide the ifo to headquarters in Toulouse, France.  Airbus figures to have outsold Boeing by approximately 30% year to date.  Airbus officials confirmed 2013 orders of 1,215 aircraft through Oct. 31, compared with 955 orders Boeing booked between Jan 1 and October 29.  The company is building a $600 million assembly line, the company's first on U.S. soil, at Mobile's Brookley Aeroplex;  Airbus' gross aircraft orders for the first 10 months of 2013 total 1,265.
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The family firm of Walcot Adams Verneuille was chosen as the group to redesign the community park, Clay Adams didn't take it lightly.  Adam's was part of the wellspring community action and fundraising established almost twenty years ago.  The park sprawls over 2 acres and is located on Church st. in downtown Fairhope, AL.

Over the past several years, the coastal air has not been kind to the equipment and the three playground area's need to be replaced with modern equipment.  The patrons who attend the park generally come in from either Daphne or Thomas Hospital because the Fairhope equipment hands out splinters than no one wants.

To pay for the renovation, Fairhope has been granted access to leftover funds in the amount of $429,000 from the BP oil

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In 2009, Austal USA, located on Mobile's waterfront, set a goal to create 4,000 jobs for its U.S. base of operations.  The goal is on pace for realization by the end of 2013 according to representatives from the Australian ship builder.  When met, this will make Austal the largest private sector employer in Mobile County. "Our game plan is to level our to support both of our programs going forward," said president Craig Perciavalle, discussing the two different classes of ships currently being assembled at the sprawling facility on the waters of Mobile Bay. The employment figures are approximately five times higher than the 800 of the initial year in 2009.  Austal made a commitment to double its workforce in a two year window to facilitate the…
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The Highlands of Spanish Fort is a large development project spanning over 11,000 acres between Spanish Fort and Bay Minette, AL.  The land is separated in to 54 tracts and being development in conjunction with the city of Spanish Fort.  The tracts are comprised of residential, commercial, multi family, a village center, school sites, institutional sites, parks and municipal services.  The city council members approved an amended conceptual master plan and standards for design back in August at the most recent public hearing.

"We've definitely seen an increase in queries from regional to national developers and local home builders within the last six months," said Bill Schroeder, developing partner of Rock Creek Capital, which owns the land.  The Rock

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After three straight years of increases in the numbers of visitors and the economical benefits associated, Baldwin County is obviously gaining in popularity.  More people are visiting and spending more while they're here.

Over five million people visited the Alabama Gulf Coast in 2012 and spent $2.9 billion while visiting Baldwin County.  That's an increase of over 4 million visitors and over $100 million since 2011;  this year (2013) is slated to break these number and establish new record marks.

It's estimated the coastal cities of Orange Beach and Gulf Shores, AL will generate an estimated $343 million in rentals this year, an increase  from $323 million in 2012 and $280 million in 2011.  These numbers were based from the Gulf Shores and Orange

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Local tourism officials expect the flights to boost the economy and none as much as the Alabama / Florida beaches along the Alabama Gulf Coast.  The trip to the beautiful white-sandy beaches of Gulf Shores, Orange Beach and Perdido Key, FL will be be much more accessible and from a variety of new locations with fewer lay overs for those flying in to the area.  The city of Pensacola is only 45 minutes East of Gulf Shores, closer still to Orange Beach and a mere 20 minutes to Perdido Key, Florida.  Mobile, AL is approximately an hour from Pensacola International Airport.  City officials from the beaches of Alabama are excited about the new option for people to reach their vacation destination.   Southwest is now offering twice-daily nonstop service…
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