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My Take On The Panama City Real Estate Market
By Norman Brown | August 17, 2010
Hello Friends,
Panama City Beach is open for business. There is no “oil slick” anywhere in site and as the season progresses the beach is now more beautiful than ever!
Now that the oil spill has been capped, buyers and sellers are finally coming back to the market. This intense activity and the settling down of prices in part of the market is causing a small up-tick in many high value properties. It will not be long before this starts effecting other properties as well.
There are very good deals to be had out there. Now is the time to consider investing for the future.
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Category: Buyers | 1 Comment »
September 9th, 2010 at 11:12 am
I was going to buy a condo in the FL area but decided against it for now. Reasons are 1. lots of adjustable MTG are due within the next 2 years and with so many of these properties underwater, I’m afraid more default and more foreclosures. 2. Banks are holding a ton of foreclosed houses from the market and if for any reason they need to liquidate, market value will fall further. 3. Prices still are not realistic given the poor market condition. Government bail out and all the artificial propping up of property value are going to fail. Unfortunately bank CEO and politicians always think they are invincible against market forces. I wonder when are they ever going to learn !!!!