Panama City Real Estate Blog

panama city beach real estate

Whether your interest lies in gulf or bay view homes, lake or pond there is no shortage of waterview homes and condos in Bay County.

If your preference is for a low maintenance vacation waterview condo, consider any one of the dozens of condominium complexes located up and down the beach.  From full family oriented to specialty, there are resort complexes to suite most vacationers needs.

With an average air calypso tower gulf front condotemperature of 74 degrees and a water temperature of 70 degrees, the gulf coast in Panama City Beach is an oasis of comfort offering families and singles one of the best "bangs for the buck" vacations. But there's more to life than just vacations, isn't there?

Many vacationers having come to Panama City Beach for years quite often relocate

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panama city beach real estate

Market Update Week Ending April 20, 2012

Thanks to Jackie Fowler at Regions for this mortgage market update

Investors saw little this week to cause much movement in mortgage rates. The Spanish debt auctions received surprising demand, and disappointing US economic results were not weak enough to shift investor sentiment toward safer assets. In the end, mortgage rates finished the week with little change.

In a market looking for positive economic momentum, this week's data provided little encouragement. With the exception of Industrial Production, every measure announced reflected a slowdown in its rate of economic growth. The growth rate of manufacturing activity saw the biggest drop. Retail Sales growth slowed from last month and Industrial

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panama city beach real estateLatest FHA (Federal Housing Authority) update...

Recently, the FHA (Federal Housing Administration) made an announcement: Starting April 1 FHA will no longer insure mortgages to borrowers who have an ongoing credit dispute of $1,000 or more on their file.

Consideration for an FHA-backed loan, requires borrowers either:

  • Have to pay the remaining balance on the credit dispute or
  • Enter into a payment plan, making at least three payments on it.

Any payment plans need to be fully documented and submitted to the FHA, to be included in the debt-to-income ratio for the new mortgage.

Excempt from the FHA’s new rule are:

  • Disputed credit accounts from more than two years ago or
  • Any accounts related to reported identity theft.

According

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panama city real estateLatest Mortgage market update...

Market Update Week Ending March 23, 2012

Mortgage rates remained volatile this week, mostly due to shifting expectations about future Fed action. Early in the week, mortgage rates continued last week's move higher. Comments from Fed officials helped them recover their losses later in the week, though, and they ended the week slightly lower.

While the Fed does not control mortgage rates directly, it's important to remember that the Fed maintains an enormous influence. Mortgage rates are largely determined by mortgage-backed securities (MBS) prices. One primary reason why MBS have performed so poorly since last week's Fed statement is clear. To boost the economy after the financial crisis, the Fed has taken extreme

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Here's the latest mortgage market update:

 

Market Update Week Ending February 24, 2012

The Greek bailout package was passed on Monday as expected, and there was little reaction in US markets. Mixed US economic data also had little influence. Strong Treasury auctions were the biggest factor for mortgage rates this week, and rates ended the week a little lower.

Investors are beginning to focus on the price of oil. Concerns about Iran have pushed oil prices up to the highest level in nine months. Higher energy prices are bad for consumers and the economy. Since higher oil prices have two opposite effects on inflation, though, the impact on mortgage rates is uncertain. Rising energy costs add to inflation, but they also slow economic growth,

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Thanks to Jackie Fowler Mortgage Loan Originator at Regions Mortgage for this update

Increased concerns about Europe helped mortgage rates improve this week, although the impact of the recently passed extension to the payroll tax reduction is beginning to push up mortgage rates for certain loans (discussed below).

The news from Europe was mostly negative this week. Economic growth in Germany was slower than expected. Negotiations on restructuring Greek debt did not progress as planned, increasing the risk of default. S&P is downgrading the debt of several European countries, including France. Finally, the European Central Bank (ECB) provided no relief, as it gave no indication that it would increase the level of aid available to troubled

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Panama City FL ForeclosuresAll across the country buyers are attempting to "snatch" up foreclosures, short sales and REO properties as if these property types were going away.

What's most interesting is many who are new to these types of properties don't really understand what they may be getting into.

Example Foreclosure - Many foreclosures are due to the owner not being able to make their mortgage payments so the bank repossess the home and offers to allow a real estate agent to sell it for them.

Issue? - Thank about it - if the owner wasn't able to pay the mortgage, how up to date do yoiu think the maintenance on the house is?  Many foreclosure properties come with significant damage due to deferred repairs and maintenance.  If you really want to purchase a foreclosure,

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How many time have you contacted a Realtor wanting information about the HOA Fees and/or history on a property here in Panama City Beach, Fl, only to have them take days to return your call and then tell you, "You just missed it - It's under contract"?

When you register as a customer with jennifermackay.com, you are working with a team of dedicated Panama City Real Estate agents, Specialists and administrative personnel who are here for you seven days a week and return your calls at a time that is convenient for YOU.

We value our customers, and work hard to ensure you receive ALL the information you need to make an informed decision regarding your future home or investment.

So what are you waiting for?  Register with www.JenniferMackay.com today and let us…
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panama city real estate short salesThis year the buzz across the real estate internet is and remains all about Short Sales, and what great deals they are for sellers who are under water on their mortgages.  If you are not familiar with the process of how a Short Sale works, however, this Great Deal could become your Selling Nightmare.

A short sale occurs when a seller owes more for a home than the current market will allow it to be sold at, and the seller is unable (for whatever reason) to continue to make the payments.  The Seller is asking the bank to accept whatever He/She can sell the home for, and forgive the remainder of the debt so as not to adversely affect His/Her credit.

Because the 3RD Party Lein holder is involved in all aspects of…
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Summer is winding down across the Country and tempatures are cooling off for most folks.

Here in Panama City Beach Florida however, the Sun and Surf are still as hot as ever, and so are our local Real Estate Sales!  

Now that most families have gone back to the routine of School and Work, many of the great condos that grace the powder white sands and crystal clear waters of our local beaches are open and available to show.

It is also one of the best times to get deals on airfare and rooms at very good prices.

So if you have been putting off your trip to come look for that vacation home, investment property, or new place to live - now is the time to see what we have to offer.

Jennifer Mackay and her team of

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