One must ask these days is there a difference and if so what does that mean to the buyer?
The biggest thing we have found has been time...and as we all know and the old saying is time is money! If you are looking to move into a home right away...a short sale listing may not be the right way for you to go. We have written an article about this on Panama City Beach MLS to discuss this option a bit more.
For more information on differences between Short Sales and Foreclosures please also visit us online at www.RandBCoastalRealEstate.com and www.InvestSmarter.com.
Friday, December 26, 2008
Monday, October 6, 2008
Reform Bill Signed
We were all waiting to see what would happen and there were a few minor modifications...but it's moving in the right direction now at least! The Panama City Beach Real Estate market has been a little easier than other areas. Many are seeing drops, but luckily it has been flat for quite some time now! Hopefully these type of amendments and assistance programs will help us continue to move in the right direction.
Daily Real Estate News October 3, 2008President Signs $700 Billion Rescue Bill President George W. Bush signed a historic economic rescue bill on Friday, which sets out to revive the U.S. financial system by allowing the federal government to buy up to $700 billion in failed mortgaged from banks and other financial institutions. The president signed the bill shortly after the U.S. House of Representatives voted 263-171 today to pass the far-reaching legislation. "This legislation is critical to stopping the economic turmoil that millions of Americans are facing," NAR President Dick Gaylord said in a statement. "Today's action will go a long way toward ending the current economic crisis crippling the housing and financial markets." The legislation will help restore liquidity to the mortgage market, which will stabilize the housing market and protect home owners, Gaylord said. President George Bush, along with congressional members, had lobbied throughout the week for the support of spending billions of dollars to buy bad mortgage-related securities from troubled financial institutions, as a way to ease the credit crisis. The bill was tossed a setback earlier in the week after the House voted it down, which sent stocks plunging 777 points, the biggest single-day drop in U.S. history. The Senate revived the bill on Wednesday by making changes to the $700 billion measure, which was aimed at garnering more bipartisan support. The revised bill extended bank deposit insurance and expired tax breaks. The Senate passed its version of the bill in a 74-25 vote on Oct. 1. (see NAR Applauds Senate Stabilization Action). Earlier in the week, NAR had called on its members to contact Congress to support the bill. NAR also teamed up with eight other business organizations to run an ad in major newspapers across the country that urged Congress to pass the recovery plan.
Source: REALTOR Magazine Online (10/3/08)
We always need help...now let's hope that everything plays out well and correctly! The Panama City Beach Real Estate market and the areas of interest throughout northwest Florida are very familiar with monthly payments since this is a second home destination for many. Take a look online at http://www.randbcoastalrealestate.com/ for more information and always stay up on the forum section of http://www.investsmarter.com/ to ensure you track the most important fundamentals of the real estate business!
For more information on the Panama City Beach Real Estate market click here....
Daily Real Estate News October 3, 2008President Signs $700 Billion Rescue Bill President George W. Bush signed a historic economic rescue bill on Friday, which sets out to revive the U.S. financial system by allowing the federal government to buy up to $700 billion in failed mortgaged from banks and other financial institutions. The president signed the bill shortly after the U.S. House of Representatives voted 263-171 today to pass the far-reaching legislation. "This legislation is critical to stopping the economic turmoil that millions of Americans are facing," NAR President Dick Gaylord said in a statement. "Today's action will go a long way toward ending the current economic crisis crippling the housing and financial markets." The legislation will help restore liquidity to the mortgage market, which will stabilize the housing market and protect home owners, Gaylord said. President George Bush, along with congressional members, had lobbied throughout the week for the support of spending billions of dollars to buy bad mortgage-related securities from troubled financial institutions, as a way to ease the credit crisis. The bill was tossed a setback earlier in the week after the House voted it down, which sent stocks plunging 777 points, the biggest single-day drop in U.S. history. The Senate revived the bill on Wednesday by making changes to the $700 billion measure, which was aimed at garnering more bipartisan support. The revised bill extended bank deposit insurance and expired tax breaks. The Senate passed its version of the bill in a 74-25 vote on Oct. 1. (see NAR Applauds Senate Stabilization Action). Earlier in the week, NAR had called on its members to contact Congress to support the bill. NAR also teamed up with eight other business organizations to run an ad in major newspapers across the country that urged Congress to pass the recovery plan.
Source: REALTOR Magazine Online (10/3/08)
We always need help...now let's hope that everything plays out well and correctly! The Panama City Beach Real Estate market and the areas of interest throughout northwest Florida are very familiar with monthly payments since this is a second home destination for many. Take a look online at http://www.randbcoastalrealestate.com/ for more information and always stay up on the forum section of http://www.investsmarter.com/ to ensure you track the most important fundamentals of the real estate business!
For more information on the Panama City Beach Real Estate market click here....
Monday, September 1, 2008
Home Sales Up or Down? The market changes everywhere
Everyone keeps asking where the bottom is and of course we only know that when we are coming back out the other side! But what we must keep in mind is very simple!!!! This is no different for the Panama City Beach Real Estate market and for Homes and Condos for sale in Panama City Beach.
Buy a piece of property only because you need it, want it, or it cash flows! The speculation market is what killed our real estate market. Everyone jumped in..many that had no experience in Real Estate. It's a simple math game or based on need. That is the key part of any transaction....NEED!
If you have a roof over your head, make the decission on what is really needed...if anything. The market is luckily stabling out...now take the time to find that perfect home!
Daily Real Estate News August 27, 2008Commerce Dept.: New Home Sales Rose in July New home sales in July rose 2.4 percent over the prior month to an annual pace of 515,000, the U.S. Commerce Department reported Tuesday. At the same time, the number of unsold homes on the market fell 5.2 percent, marking the largest single-month decline since November 1963. Year over year, however, new-home sales were down 35.3 percent and the median new-home price slipped 6.3 percent to $230,700.Nonetheless, some economists find the latest numbers reassuring. “We're hopefully getting in the vicinity of a bottom,'' says David Resler, chief U.S. economist at Nomura Securities International Inc. in New York.“The biggest declines, they’re all behind us now,” says Nigel Gault, chief domestic economist at Global Insight, a research firm.Sales of new homes slipped in Midwestern and Southern states, according to the Commerce Department report, but rose in the Northeast and West. The median price of a new home in July was $230,700, down 6.3 percent from a year ago. Sales of new homes remained 35.3 percent below their level in July 2007.Source: Bloomberg, Shobhana Chandra (08/26/2008)
For more information on property for sale in and around Panama City Beach Real Estate please visit http://www.randbcoastalrealestate.com/ for available properties.
Buy a piece of property only because you need it, want it, or it cash flows! The speculation market is what killed our real estate market. Everyone jumped in..many that had no experience in Real Estate. It's a simple math game or based on need. That is the key part of any transaction....NEED!
If you have a roof over your head, make the decission on what is really needed...if anything. The market is luckily stabling out...now take the time to find that perfect home!
Daily Real Estate News August 27, 2008Commerce Dept.: New Home Sales Rose in July New home sales in July rose 2.4 percent over the prior month to an annual pace of 515,000, the U.S. Commerce Department reported Tuesday. At the same time, the number of unsold homes on the market fell 5.2 percent, marking the largest single-month decline since November 1963. Year over year, however, new-home sales were down 35.3 percent and the median new-home price slipped 6.3 percent to $230,700.Nonetheless, some economists find the latest numbers reassuring. “We're hopefully getting in the vicinity of a bottom,'' says David Resler, chief U.S. economist at Nomura Securities International Inc. in New York.“The biggest declines, they’re all behind us now,” says Nigel Gault, chief domestic economist at Global Insight, a research firm.Sales of new homes slipped in Midwestern and Southern states, according to the Commerce Department report, but rose in the Northeast and West. The median price of a new home in July was $230,700, down 6.3 percent from a year ago. Sales of new homes remained 35.3 percent below their level in July 2007.Source: Bloomberg, Shobhana Chandra (08/26/2008)
For more information on property for sale in and around Panama City Beach Real Estate please visit http://www.randbcoastalrealestate.com/ for available properties.
Subscribe to:
Comments (Atom)