Half of Gulf buys are short sales, foreclosures - al.com

Half of Gulf buys are short sales, foreclosures - al.com: "At least 50 percent of the sales at the Gulf are foreclosures and short sales, agents said.

For better or worse, at least there are buyers out there.

'From a buyer's standpoint, it's an awesome time,' said Chuck Norwood of REMAX of Gulf Shores. 'Last year at this time, we had a lot of property sitting stale on the market and no activity. I'm looking for 2010 to be a recovery year.'"