Panama City Real Estate

As promised, this year my team and I will be adding many new services and features to my already extensive website.

As the Panama City Real Estate website continues to be the Premier website for Panama City Florida real estate and since first time home buyers are exceedingly prevalent in today’s economy I’ve written a new article target at those just entering the home buying market: Why get Pre-Approved before shopping for a new home.

No matter where you live or what real estate market you are interested, today’s real estate market and economic conditions are not what they were. Read more | Florida Real Estate | Panama City... (241 words, 1 image, estimated 58 secs reading time)

Florida real estate | What’s new in Panama City real estate

It’s been a short while that I’ve updated the blog so here is a quick list of updates and things to come:

The $8000 Tax Credit – If you’ve been waiting for the tax credit to expire, you’ve done a great job! The tax credit is still scheduled to expire by November 30, 2009. Remember if you plan on using the tax credit you have to “CLOSE” on your sale prior to the expiration to use it. Unless you are paying cash for your new home, it takes at least 30-45 days to actually close a sale. What are you waiting for? Contact me directly for more information on how you can take advantage of the $8000 first time home buyer tax credit today – (850) 774-6582 Read more | Florida Real Estate | Panama City... (577 words, estimated 2:18 mins reading time)

Florida real estate | The Numbers That Drive Real Estate: Home Sales

In our next installment of the Keller Williams report: The Numbers That Drive Real Estate, we look at home sales statistics…

Sales of existing homes trended upward for the fourth straight month, benefiting from favorable affordability conditions.

The $8,000 tax credit continued to draw in first-time buyers, who accounted for 29% of all transactions in May. Repeat buyers, who often sell their current house to first time buyers, are also coming back to the market in large numbers.

Home Sales – In Thousands

Check back for the next installment in this series: The Numbers That Drive Real Estate: Median Home Sales. Read more | Florida Real Estate | Panama City... (128 words, 1 image, estimated 31 secs reading time)

Panama City Florida Mortgage Information – Reversal of HUD’s $8,000 tax credit announcement

As you may or may not know HUD (Housing and Urban Development) made an announcement on May 12 that they were going to allow homeowners to use the $8000 tax credit as down payment monies by empowering state agencies, non profits and HUD approved Mortgagees to lend the monies to home buyers.

HUD drafted the HUD Mortgagee Letter (2009-15), however, the letter was never officially released.

HUD has since reversed their position on allowing the monetization of the tax credit over concerns that the proposal too closely resembles the now illegal practice of seller funded down payment assistance programs. IRS officials were also concerned that the proposal could create income tax issues. Read more | Florida Real Estate | Panama City... (142 words, estimated 34 secs reading time)

Weekly Mortgage Summary – Panama City Florida real estate

The latest edition of the Panama City Mortgage Summary has been posted and available for download at your convenience.

As we enter the summer season, I am noticing a significant increase in condo sales and vacation home requests for the Panama City and Panama City Beach Florida area. This shows our local real estate market is beginning to stabilize.

As mortgage rates are maintaining below a 5% average now is great time to buy that Florida vacation condo or home you’ve always wanted. Read more | Florida Real Estate | Panama City... (144 words, estimated 35 secs reading time)

« go back — keep looking »