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.
Monday, July 21, 2008
Is Bigger Better? Buyers Looking at More than Size
These days bigger just isn't better. Buyers are looking for more economical plans with great layouts. Not that the large mansions are out of date or not hot anymore! Take a look at Larger Panama City Beach Real Estate Custom Homes and what you find are some wonderful homes! But there are a lot of buyers now looking at the needs of their family. With an increase in our Panama City Beach Real Estate market of retirees moving closer to their family we start seeing more and more of this trend. What works? What do they need to function on a daily basis? Take a look at the article below...it sheds some interesting national light to what we are starting to see more of in the Panama City Beach Real Estate Market.
Small Homes, Cottages Score Big With Buyers
However, home buyers these days increasingly are interested in smaller homes that consume less energy and encourage interaction among neighbors. Developers in cities such as Seattle, Boston, and Milwaukee are building cottage developments to meet the rising demand. Architect Ross Chapin and developer Jim Soules have erected nearly 50 Craftsman-style cottages during the last 10 years in the Seattle area.
The quirky homes sell for as much as $600,000, despite the fact that they range in size from just 800 square feet to 1,500 square feet. Chapin uses clever design tricks, such as corner windows and skylights, to give the illusion of more space. He also makes the most of every inch by including crawlspace storage and built-in bookshelves and cubbies. "These days, we drive to the house, open the garage door, go in," Indianapolis developer Casey Land told the Wall Street Journal. "But it's important to get to know your neighbors. I think people miss that."
Source: Wall Street Journal, Sara Lin (07/18/08)
Let us know more about your thoughts at www.InvestSmarter.com on this new trend in Real Estate and stay tuned as we bring more exciting points to the market!
Small Homes, Cottages Score Big With Buyers
However, home buyers these days increasingly are interested in smaller homes that consume less energy and encourage interaction among neighbors. Developers in cities such as Seattle, Boston, and Milwaukee are building cottage developments to meet the rising demand. Architect Ross Chapin and developer Jim Soules have erected nearly 50 Craftsman-style cottages during the last 10 years in the Seattle area.
The quirky homes sell for as much as $600,000, despite the fact that they range in size from just 800 square feet to 1,500 square feet. Chapin uses clever design tricks, such as corner windows and skylights, to give the illusion of more space. He also makes the most of every inch by including crawlspace storage and built-in bookshelves and cubbies. "These days, we drive to the house, open the garage door, go in," Indianapolis developer Casey Land told the Wall Street Journal. "But it's important to get to know your neighbors. I think people miss that."
Source: Wall Street Journal, Sara Lin (07/18/08)
Let us know more about your thoughts at www.InvestSmarter.com on this new trend in Real Estate and stay tuned as we bring more exciting points to the market!
Thursday, July 3, 2008
Finally a Lender Steps up!
Well it's about time someone stepped up and realized the right thing to do to help out!!! Cheers to Wachovia! We have published posts on www.InvestSmarter.com about this insane ARM loans and the overextending issues around them as they state below. But finally a lender is stepping up to the plate to agree...of course they have to have a lot of these loans passed due...but at least they are making a statemetn. Of course the 70% drop in their stock probabaly didn't help much!
Wachovia to End Option ARM Loans Wachovia announced Monday that it would stop offering option ARMs and allow existing option-ARM borrowers to avoid prepayment penalties.Option ARMs give customers multiple payment choices, including paying less than the interest due, which means loan balances increase.More than 18 percent of the option ARMs originated in 2005 and 2006 are already at least 60 days past due, according to Barclays Capital, which examined loans that had been packaged into securities.Wachovia’s shares have fallen 70 percent in the last year and this could make the stock fall further.Source: The Wall Street Journal, Valerie Bauerlein and Ruth Simon (07/01/08)
There are some great deals in today's market place based on this so who really knows what will end up happening. Stay tuned to www.panama-city-beach-florida-mls.com or www.panama-city-beach-florida-real-estate.com today to see a little more about the wonders of this market and some of the ever changing properties that are available.
Wachovia to End Option ARM Loans Wachovia announced Monday that it would stop offering option ARMs and allow existing option-ARM borrowers to avoid prepayment penalties.Option ARMs give customers multiple payment choices, including paying less than the interest due, which means loan balances increase.More than 18 percent of the option ARMs originated in 2005 and 2006 are already at least 60 days past due, according to Barclays Capital, which examined loans that had been packaged into securities.Wachovia’s shares have fallen 70 percent in the last year and this could make the stock fall further.Source: The Wall Street Journal, Valerie Bauerlein and Ruth Simon (07/01/08)
There are some great deals in today's market place based on this so who really knows what will end up happening. Stay tuned to www.panama-city-beach-florida-mls.com or www.panama-city-beach-florida-real-estate.com today to see a little more about the wonders of this market and some of the ever changing properties that are available.
Saturday, June 21, 2008
Rates on the Rise...What do you do now?
Well this article just doesn't want to post! Third time the charm to try to get the information out there on rates and today's trends. 9 month high. For more information go to www.InvestSmarter.com and see what else is happening in today's world of real estate in and around Panama City Beach Real Estate. So one more time......
Daily Real Estate News June 20, 2008
Mortgage Rates Climb to 9-Month High Freddie Mac reports a jump in the 30-year fixed mortgage rate to 6.42 percent during the week ended June 19 from 6.32 percent the prior week, marking a nearly nine-month high. The 15-year fixed mortgage rate rose to 6.02 percent from 5.93 percent, the five-year adjustable mortgage rate climbed to 5.89 percent from 5.70 percent and the one-year ARM jumped to 5.19 percent from 5.09 percent. Freddie Mac chief economist Frank Nothaft attributes the gains to concerns about inflation after the consumer- and producer-price indexes for May were issued. Higher mortgage rates sparked an 8.7-percent drop in loan applications in the past week and a 21-percent decline year over year, according to the Mortgage Bankers Association. Source: The Wall Street Journal (06/20/08)
To search properties located in the Panama City Beach Real Estate market please visit www.panama-city-beach-florida-mls.com to see all of the homes and condos for sale in the area. Sorry for this being short...but again this is the third attempt to get the info out there!!!
Daily Real Estate News June 20, 2008
Mortgage Rates Climb to 9-Month High Freddie Mac reports a jump in the 30-year fixed mortgage rate to 6.42 percent during the week ended June 19 from 6.32 percent the prior week, marking a nearly nine-month high. The 15-year fixed mortgage rate rose to 6.02 percent from 5.93 percent, the five-year adjustable mortgage rate climbed to 5.89 percent from 5.70 percent and the one-year ARM jumped to 5.19 percent from 5.09 percent. Freddie Mac chief economist Frank Nothaft attributes the gains to concerns about inflation after the consumer- and producer-price indexes for May were issued. Higher mortgage rates sparked an 8.7-percent drop in loan applications in the past week and a 21-percent decline year over year, according to the Mortgage Bankers Association. Source: The Wall Street Journal (06/20/08)
To search properties located in the Panama City Beach Real Estate market please visit www.panama-city-beach-florida-mls.com to see all of the homes and condos for sale in the area. Sorry for this being short...but again this is the third attempt to get the info out there!!!
Thursday, June 5, 2008
Panama City Beach Real Estate is now up and Running
The Panama City Beach Real Estate market is off to a fast pace already for the summer. There are great deals on homes and condominiums up and down the market. One hot item today is also the Bank Owned or REO homes. The number of foreclosed home owned by lenders is rising, even though banks are increasingly willing to do what it takes to sell properties. Lenders and investors in mortgages owned about 660,000 foreclosed homes in April, up from 493,000 in January and 231,000 in January 2007, according to First American CoreLogic, a research firm. That’s one in seven previously owned homes currently for sale nationwide.Some lenders are cutting prices as often as every 20 days on homes that aren't selling, says David McCarthy, chief executive officer of Integrated Asset Services LLC, a Denver-based company that helps banks value and sell REO homes. Source: The Wall Street Journal, James R. Hagerty (06/02/08)
We have taken extra time and effort to make sure that our online resources are updated and available to make your online experience easier and more enjoyable. Today's savvy buyers are looking online so we have gone the extra mile to ensure that all of the properties available for sale are here at your fingertips. Let us have the opportunity to show you why we continue to provide excellent service to our customers in this wonderful real estate market. Panama City Beach has numerous options for you to enjoy.
Time and time again we must evaluate all of the information and track current trends when evaluating real estate. Panama City Beach is no different than other markets and the most important thing to consider when buying or selling real estate is whether or not your agent has your best interests in mind. That's why we have created this online portal to allow everyone open access to current market trends. Take time today to see more information and pay close attention to what is happening in this ever changing real estate market.
Panama City Beach Real Estate has options on both residential and Panama City Beach Condominiums. Come by today and see what can happen in today's market!
Subscribe to:
Comments (Atom)