Market Updates
« Previous EntriesThe Economy And Interest Rates
Tuesday, June 15th, 2010The average mortgage rate is at or near an all time low. Freddie Mac, The mortgage financing entity says for a 30 year fixed rate mortgage, the rate is below five percent (5%). So, it’s still very affordable for most buyers. Existing home sales have increased in the last three months to 8.3% in February, [...]
Days Away From Speedier Short Sales?
Monday, March 15th, 2010Good news for the homeowner currently “underwater” or on the verge of foreclosure. As of April 5th, 2010, the federal government is setting guidelines for short sales and giving lenders a 10-day limit to respond to offers. The new rules seek to address the many criticisms of short sales and help speed up the process [...]
Panama City Beach Foreclosure Watch
Thursday, March 4th, 2010Here is your latest numbers on Lis Pendens in each of the Panama City Beach condos. Condo Count of Subdivision/Location AQUA CONDO 4 AQUA VISTA CONDOMINIUM 2 BAHAMA BEACH VILLAS CONDO 3 BAY POINT GOLF VILLAS CONDO 3 BAY POINT HARBOUR VILLAS CONDO 2 BAY POINT RESIDENCES CONDO 1 BAY POINT STUDIO VILLAS 2 & [...]
The Truth About Recent Real Estate Sales Numbers
Monday, February 15th, 2010Over the past 90 days or so I have seen numerous news sources report that real estate sales are up. In fact, I saw one today reported by the Florida Association of Realtors. The article reported “Feb. 11, 2010 – Sales of existing single-family homes in Florida rose 44 percent in fourth quarter 2009 compared [...]
Treasury Looking To Assist Short Sale Process
Wednesday, February 3rd, 2010While we’re not entirely sure if this is true (we’re still researching), some lovely news has popped up on AJCHomeFinder.com that states that the Treasure is trying to assist the short sale process. We at Miller & Associates Realty know to well how short sales work. You take your buyer to look at a home, [...]
Number Of Foreclosures Down 8% For November
Thursday, December 10th, 2009In a story about foreclosures in the United States, the Associated Press has stated foreclosures are down 8% for the month of November. They did note, however, that a new wave of foreclosures is expected to hit next year. While that may not be the best news, Panama City foreclosures continue to be the most [...]
Panama City Market Statistics Updated for Sept, Oct, Nov 2009!
Wednesday, December 2nd, 2009Looking for the latest statistics for the Panama City real estate market? We’ve just updated our Market Statistics page to include September, October and November! Additionally, you can view past market reports dating all the way back to January, 2008. Many people love reading these reports because they include median sold price, average listing price, [...]
Panama City Market Conditions Update For August 2009
Wednesday, September 16th, 2009Sales were on the rise in August 2009 Panama City market statistics. There were 281 sales last month which is about 6% higher than July. Additionally, there were 30% more sales when compared to the same period last year. Pending units were also on the rise when compared to the same time last year but [...]
University of Florida Says US Recovery Has Begun
Wednesday, September 16th, 2009I’m only posting this because it has some relevant information to Florida and since I work in a real estate office with a bunch of REALTORS, I get the insight on who’s working with who and what they think about the market. Alright, so there was an article posted by the Florida Association of REALTORS(r) [...]
Florida’s First Half Of 2009 Sees Positive Market Conditions, Statistics
Thursday, August 13th, 2009In what is only leading to more positive news regarding the American economy, the Florida Association of REALTORS® has released the first and second quarter statistics. Overall, the trend is positive, with sixteen of Florida’s metropolitan areas reporting increased sales. Existing single-family sales rose 23% in the second quarter over the same time last year. [...]
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