Panama City Real Estate – Are we seeing the bottom of the market?
Posted on March 25, 2009
Filed Under Florida Real Estate Market Update, Florida real estate - Investor Insights | 2 Comments
An interesting report issued by the Federal Housing Finance Agency, is reporting prices for conforming properties with mortgages backed by Fannie Mae and Freddie Mac increased in January.
While the report excludes expensive homes with subprime loans and jumbo mortgages, it may be a sign that the market is turning.
What do you think?
While not the definitive measure of the real estate market, the report is good news for those who have been waiting for the bottom.
If this is the case and prices have begun to climb – then expect prices to begin to jump very soon in vacation oriented area such as Panama City and Panama City Beach Florida.
If you’ve been waiting to buy that primary, second or vacation home I recommend you wait no longer.
Contact me directly (850) 774-6582 today for more information on Panama City real estate prices and deals.
[where: 2110 W. 23rd Street, Panama City, FL 32405]
Author : Jennifer Mackay - Posts:232
Jennifer Mackay is an award winning real estate agent and Keller Williams team leader in the Panama City Florida area. Her website: Panama City Real Estate provides guidance, information and free buying and purchasing features for registered visitors. Follow: @realtorjennifer | Facebook
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this is encouraging news…let’s hope that the bottom is here or at least close. Shoiwings are up in the Austin market so that is good news for our market too.
Daphne,
We’re seeing a significant increase in showings and sales here in Florida as well.
Best of luck.
Jennifer