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?

Read the article here.

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]