The hottest trend in real estate and the one we are watching closely at www.InvestSmarter.com is the Panama City Foreclosure market. With more and more banks/lenders taking property back, the trend from Short Sales to Foreclosures is very strong. It's a quicker transaction that's for sure, but can be a little bit trickier to navigate also.
Panama City Foreclosures have continued to be a great way to invest and find that specific property you are on the look out for.
Take the time to search online at www.Panama-City-Beach-Florida-MLS.com today and see if you can find that little piece of heaven today.
Friday, December 26, 2008
Saturday, September 20, 2008
Financial Markets All Over the Place
Wow...what a wild week! Not a fun one for people like us heavily invested now in the stock market...luckily the week finished a tad bit better. But the lending institutions and insurance groups looking towards bailouts are a little bit scary also. The information below was an article published and we at http://www.investsmarter.com/ wanted to share this with you. Whether you are looking at Panama City Real Estate, or Florida Real Estate in general, this is one of the many factors that can serious affect your Real Estate portfolio both positively and negatively over the next few YEARS!!!
Daily Real Estate News September 19, 2008Massive Rescue Effort for Financial Markets Congressional leaders and the Bush administration are working with Treasury Secretary Henry Paulson and Federal Reserve Chair Ben Bernanke to prepare a massive intervention to revive the U.S. financial system.The proposed plan reportedly includes using hundreds of billions of dollars in government funding to buy bad loans, leaving banks with more money and fewer problems and allowing them to again lend money.Paulson and Bernanke urged lawmakers to approve the plan rapidly, presenting what some described as a “chilling” picture of the state of the financial system. Congressional leaders were told that the consequences would be grave if the legislation doesn’t pass by the end of next week.Taking over Fannie Mae and Freddie Mac, creating a new source of funding for investment banks, and assuming control of insurance giant American International Group obviously hasn’t been enough to end the crisis. It hasn’t stopped $79 billion in withdrawals from money-market funds, which are a critical source of funding for the U.S. financial system."The costs of doing nothing are enormous," said Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee.Source: The Washington Post, Binyamin Appelbaum and Lori Montgomery (09/19/08)
We have provided an overview of the Panama City Real Estate Market online for you and some additional information and the ability to search throughout the internet MLS for available properties in Panama City Florida and Panama City Beach Florida for Residential and Commercial Property. There is also a site dedicated to Panama City Beach Condominium properties.
It is important when investing in Real Estate one stays on top of not only the Real Estate market, but also the financial market. The back end of any real estate property is the next buyer and without keeping on top of the lending trends, your portfolio is at risk. Let us know more about this online and your thoughts today.
Daily Real Estate News September 19, 2008Massive Rescue Effort for Financial Markets Congressional leaders and the Bush administration are working with Treasury Secretary Henry Paulson and Federal Reserve Chair Ben Bernanke to prepare a massive intervention to revive the U.S. financial system.The proposed plan reportedly includes using hundreds of billions of dollars in government funding to buy bad loans, leaving banks with more money and fewer problems and allowing them to again lend money.Paulson and Bernanke urged lawmakers to approve the plan rapidly, presenting what some described as a “chilling” picture of the state of the financial system. Congressional leaders were told that the consequences would be grave if the legislation doesn’t pass by the end of next week.Taking over Fannie Mae and Freddie Mac, creating a new source of funding for investment banks, and assuming control of insurance giant American International Group obviously hasn’t been enough to end the crisis. It hasn’t stopped $79 billion in withdrawals from money-market funds, which are a critical source of funding for the U.S. financial system."The costs of doing nothing are enormous," said Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee.Source: The Washington Post, Binyamin Appelbaum and Lori Montgomery (09/19/08)
We have provided an overview of the Panama City Real Estate Market online for you and some additional information and the ability to search throughout the internet MLS for available properties in Panama City Florida and Panama City Beach Florida for Residential and Commercial Property. There is also a site dedicated to Panama City Beach Condominium properties.
It is important when investing in Real Estate one stays on top of not only the Real Estate market, but also the financial market. The back end of any real estate property is the next buyer and without keeping on top of the lending trends, your portfolio is at risk. Let us know more about this online and your thoughts today.
Thursday, August 21, 2008
Affordable Housing
Daily Real Estate News August 20, 2008
Affordability Effort at Risk of Backfiring
Some real estate experts and economists are determining that the government’s plan to provide affordable housing is a bad idea.The program, which passed Congress a few weeks ago, offers local governments $4 billion to buy, repair, and resell homes lost to foreclosure. Real estate experts and economists point out that the government will now be competing with lenders and private homeowners who have been struggling to sell in a depressed market.In California, for example, most of the foreclosed homes are in areas such as the Central Valley, the Inland Empire and the Antelope Valley, locales known for their large stock of low-cost housing. If anything, these areas are becoming more affordable because of foreclosures, and sales have picked up in large part because of the availability of these homes at discount prices."Those foreclosures are being purchased at a very rapid rate, and they are going to families who have been previously price-excluded out of the market," says Mark Boud, a consultant who runs Real Estate Economics in Irvine.In Palmdale and Lancaster, among the state's cities with the highest percentages of foreclosed homes, Joe Mayol, an associate with Keller Williams, says he's selling foreclosed homes at the rate of five a week."One comes on the market, and it's gone seven days later," Mayol says."Things are starting to turn around," says Pamela Vose, chief executive of the Greater Antelope Valley Association of REALTORS®."I think if the government had wanted to buy homes a few months ago, maybe it would have helped, but if they're going to start six months from now or later, it can only hurt."Source: Los Angeles Times, William Heisel (08/20/2008)
http://www.panama-city-beach-florida-real-estate.com/
http://www.panama-city-beach-florida-mls.com/
http://www.randbcoastalrealestate.com/
Affordability Effort at Risk of Backfiring
Some real estate experts and economists are determining that the government’s plan to provide affordable housing is a bad idea.The program, which passed Congress a few weeks ago, offers local governments $4 billion to buy, repair, and resell homes lost to foreclosure. Real estate experts and economists point out that the government will now be competing with lenders and private homeowners who have been struggling to sell in a depressed market.In California, for example, most of the foreclosed homes are in areas such as the Central Valley, the Inland Empire and the Antelope Valley, locales known for their large stock of low-cost housing. If anything, these areas are becoming more affordable because of foreclosures, and sales have picked up in large part because of the availability of these homes at discount prices."Those foreclosures are being purchased at a very rapid rate, and they are going to families who have been previously price-excluded out of the market," says Mark Boud, a consultant who runs Real Estate Economics in Irvine.In Palmdale and Lancaster, among the state's cities with the highest percentages of foreclosed homes, Joe Mayol, an associate with Keller Williams, says he's selling foreclosed homes at the rate of five a week."One comes on the market, and it's gone seven days later," Mayol says."Things are starting to turn around," says Pamela Vose, chief executive of the Greater Antelope Valley Association of REALTORS®."I think if the government had wanted to buy homes a few months ago, maybe it would have helped, but if they're going to start six months from now or later, it can only hurt."Source: Los Angeles Times, William Heisel (08/20/2008)
http://www.panama-city-beach-florida-real-estate.com/
http://www.panama-city-beach-florida-mls.com/
http://www.randbcoastalrealestate.com/
Subscribe to:
Comments (Atom)