Prospective homebuyers are not shying away from the Gulf Coast despite the looming threat of oil washing ashore from the busted oil rig. “Granted, its on the minds of everybody, because it’s just a sickening event,” Gulf Shores, Ala., broker Frank Malone told the Birmingham News. “The first week (after the spill), when there were a lot of unknowns, there was a lot of panic, and we had buyers discuss backing out of contracts.” But it didn’t take long for buyers to see a silver lining – they could get even better deals on properties already suffering because of foreclosures ... Read More
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