Panama City Real Estate Blog

After receiving such a warm response to my newest Life Style search page, I'm please to announce I've been updating the Panama City Condo Maps page as well.

Often, visitors to the site as well as customers question where particular condo complexes are located.

Using the updated Condo Map will help those out of area buyers familiarize themselves as to where the various Panama City Beach Condos are located.

Due to the fact that there are more condo complexes listed on my site than any other, the map will be updated over time - I have over 80 Bay County area Condo complexes listed and I'm adding more every month!

If you'd like to suggest a new feature for the website, feel free to contact me directly and I'll have my technology department

16,495 Views, 13 Comments

I've just release a new video for the Panama City Beach Condo Market.

This video is the first in a new series spot lighting various features of the Panama City area.

Over the next few weekes I'll presenting more of these videos focusing not only on real estate, but also the various venues and attractions around Panama City and Panama City Beach.

It's an exciting time for us at The Panama City Real Estate Team and we're fortunate to be able to offer our insights, knowledge and experience to all our visitors and customers.

3,282 Views, 3 Comments

As many of my visitors know, my team and I do our best to provide the finest, most complete Panama City Real Estate information available.

That information of course involved the Panama City Beach Condo market.

The team and I have been taking suggestions from our visitors and we believe we've designed a simpler, easier to navigate Panama City Beach condo section.

Since we have so many condo complexes, displaying them all on page seemed unruley, and a bit overwhelming.  And since many of our visitors agreed, we've created alphabetical subsections for the condos.

We've added a few new ones as well to continue to provide the most complete condo listings and information for the Panama City and Panama City Beach Condo market.

Thanks to everyone

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I was asked during a recent interview for any press releases and a press kit that could be used for the article.

I found that a bit odd as I had not been asked previously for either.

I realized however, with the amount of interviews I do as well as the latest marketing strategy we will be employing over the next few months, it would be beneficial to help the reporters in their research and have that information available.

With that in mind, I've added a few of my press releases to the site and have a Press Kit available as needed.

The Panama City Real Estate Team

If you are a licensed real estate agent and would like to join our award winning Panama City Real Estate team, why wait?.  Contact me today (850) 774.6582 and learn how we can help

2,199 Views, 4 Comments

The Panama City Real Estate market summary for August 2010 has been published for your convenience.

An interesting aspect of the market numbers is that if we were not faced with a recession/depression the numbers indicate we would be entering a sellers market.

Home sales were up from July, however the price of homes decreased significantly.

Condo sales decreased slightly as prices remained about the same as July.

Banks and lenders continue to foreclose at an alarming rate, shortsales and foreclosures are now the market norm and there is no end in sight.

On the bright side, Panama City homes and condos that are not in foreclosure or short sale status and are priced correctly are sold very quickly - usually in less than 30 days.

 

 

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If you've read my other blog - Panama City Real Estate Blog about some of the decisions lenders are making in large part thanks to the so called Economic Recovery Act you can understand my frustration.

Are lenders losing their insanity?  Are the people in charge of the decision making process actually qualified to make these decisions?

I have to wonder at the competency of these people.

Perhaps they are more interested in taking a loss on their books than actually helping tax paying, home owners in the United States?

What do you think?

Are lenders taking advantage of a hand out for tax gains that should have been issued to home owners?

Should our government investigate the practices of these lenders?

Where are our elected officials,

2,044 Views, 2 Comments

I've just posted a Panama City Real Estate market update for the month of May, 2010.  In addition my monthly Panama City Real Estate market report is available for download as well.

A few interesting things to note regarding last months numbers:

Panama City Condo sales fell slightly as well as the average condo price.  However, non condo residential sales rose slightly following slight decreases in home prices.

This may not only be due to the new airport, but also the Oil Spill may have kept many who were considering purchasing homes or condos in  Panama City, Florida to wait until the crisis is over.

Jennifer Mackay
850-774-6582
Panama City Real Estate | Florida

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2,234 Views, 6 Comments

panama-city-real-estate-oil-spillWe've had many phone calls lately regarding the impact of the oil spill on the Panama City, and Panama City Beach Florida areas.

Several customers were so concerned with the news reports they even canceled their visits.

So allow me to alleviate as many fears and concerns about this situation as possible....

As you can see from the image (the dark spot is the oil slick), the oil is moving away from Panama City Florida which is located at the very top right of the image (at the 30 degrees latitude line).

You can follow the progress of the slick here.

Once the slick hits the gulf stream, it will travel in a southerly direction.

Panama City and Panama City Beach Florida are alive and well and expected to not be directly impacted by the oil

5,433 Views, 8 Comments

Yesterday, the U.S. House of Representatives passed the Rural Housing Preservation and Stabilization Act of 2010 (H.R. 5017).

Through this legislation, the guarantee fee in the USDA Guaranteed Rural Housing (GRH) Program may be raised to offset any need for Congressional appropriations.

Additionally, H.R. 5017 would authorize USDA Rural Development to guarantee up to $30 billion in loans in Fiscal Year 2010. 

This would represent an additional $18 billion in loan making authority for the remainder of this fiscal year.

Before these changes can be implemented, similar legislative action will need to occur in the U.S. Senate.

Following this action in the House, the USDA Rural Development National Office sent an announcement that stated: Depending upon

3,193 Views, 7 Comments

Just released - Fannie Mae foreclosure incentives...

Source: The Wall Street Journal, Nick Timiraos (04/26/2010) 

Beginning in July, Fannie Mae will allow financially troubled home owners to complete a “deed in lieu of foreclosure” or a short sale and be eligible to apply for a new Fannie-backed mortgage in two years.

Currently, borrowers who have completed a deed-in-lieu must wait four years to apply for a loan that Fannie will purchase. Home buyers who go through foreclosure must wait five years.

All these waiting periods can be reduced further, if the potential buyer can show extenuating circumstances. "We are beginning to think about post-recession, how you address borrowers who became unemployed through no fault of their own ... and now

1,771 Views, 0 Comments