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!!!

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!