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/
Thursday, July 10, 2008
Rescue may be in sight for those struggling in Real Estate
Relief may be in reach for many property owners holding on to their last few monthes of reserve....if there is any left!!! This is definately an interesting time for all of us in the real estate business. You have to ask yourself what is really happening and what can we do to get out of this huge bind we are in?????
Take some time to review some of the articles we have published on www.InvestSmarter.com and publish your own thoughts on the forum section. We need to bind together in tough times like these!
Housing Rescue Bill Nears Finish Line
The housing rescue bill appears to be in limbo. It is expected to pass the Senate today or tomorrow, but then the Senate version faces substantial opposition from the House of Representatives. The White House also is still threatening veto.
Roadblocks include Rep. Barney Frank, D-Mass., the Financial Services Committee chairman who won House approval of his version in May. He has made it clear he doesn’t plan to accept the Senate proposal without changes.Speaker Nancy Pelosi, D-Calif., is working to quell a revolt in the House by representatives who insist that housing tax breaks and any spending in the package must be paid for with tax increases or spending cuts to prevent an increase in the deficit.That means rewriting a $14.5 billion array of housing tax breaks, which falls $2.4 billion short of being fully offset.There is also a push by black lawmakers for far more money for fixing up foreclosed properties, and the Congressional Black Caucus also opposes language in the Senate bill that bars the FHA from insuring mortgages obtained by borrowers whose down payments were paid by the seller.
Source: The Associated Press, Julie Hirschfeld Davis (07/09/2008)
The real question we must ask ourselves is why all the pushback? Some people feel strongly that these people put themselves in the position...but I would argue just the opposite! A lot of builders, real estate agents, mortgage brokers, and even the buyers helped cause this! Greed was a major factor and unfortunately many people got caught holding the hot potato if you will. The Panama City Real Estate market isn't much different and actually we have esablished www.panama-city-beach-florida-mls.com so you can see what properties are for sale and search the entire area for more information and see if something hits your needs or is similar to property you are trying to sell.
The key with any market, Panama City Real Estate being no different, is price point and who is going to pick up the pieces??? It's bad enough for the owners that are falling behind, but what about the banks? They aren't doing well either. We have to look at this globally to see the true potential impact!!!
Take some time to review some of the articles we have published on www.InvestSmarter.com and publish your own thoughts on the forum section. We need to bind together in tough times like these!
Housing Rescue Bill Nears Finish Line
The housing rescue bill appears to be in limbo. It is expected to pass the Senate today or tomorrow, but then the Senate version faces substantial opposition from the House of Representatives. The White House also is still threatening veto.
Roadblocks include Rep. Barney Frank, D-Mass., the Financial Services Committee chairman who won House approval of his version in May. He has made it clear he doesn’t plan to accept the Senate proposal without changes.Speaker Nancy Pelosi, D-Calif., is working to quell a revolt in the House by representatives who insist that housing tax breaks and any spending in the package must be paid for with tax increases or spending cuts to prevent an increase in the deficit.That means rewriting a $14.5 billion array of housing tax breaks, which falls $2.4 billion short of being fully offset.There is also a push by black lawmakers for far more money for fixing up foreclosed properties, and the Congressional Black Caucus also opposes language in the Senate bill that bars the FHA from insuring mortgages obtained by borrowers whose down payments were paid by the seller.
Source: The Associated Press, Julie Hirschfeld Davis (07/09/2008)
The real question we must ask ourselves is why all the pushback? Some people feel strongly that these people put themselves in the position...but I would argue just the opposite! A lot of builders, real estate agents, mortgage brokers, and even the buyers helped cause this! Greed was a major factor and unfortunately many people got caught holding the hot potato if you will. The Panama City Real Estate market isn't much different and actually we have esablished www.panama-city-beach-florida-mls.com so you can see what properties are for sale and search the entire area for more information and see if something hits your needs or is similar to property you are trying to sell.
The key with any market, Panama City Real Estate being no different, is price point and who is going to pick up the pieces??? It's bad enough for the owners that are falling behind, but what about the banks? They aren't doing well either. We have to look at this globally to see the true potential impact!!!
Tuesday, June 24, 2008
Interest Rates should stay steady....
One thing that has a major drawback to the real estate market is the fluctuation of interest rates. When we see swings of rates even as low as .5% it can make a significant impact on someone's monthly payment. We published an article on www.InvestSmarter.com talking about the minimum monthly payment society that we live in and it really holds true. The majority of people are looking at what they can afford and then as a result what that does to their total amount they can borrow. Whether you are looking at cars or a home, it's all relative.
Daily Real Estate News June 24, 2008
Interest Rates Are Likely to Hold Steady
The Federal Reserve, which opens a two-day meeting today, is expected to leave its key interest rate unchanged at 2 percent when it wraps up the session on Wednesday. Mortgage rates are somewhat affected by this short-term rate, but are more closely tied to long-term U.S. Treasury rates and other concerns. Recent increases in mortgage rates have slowed the problem-plagued housing market and fueled inflation.So what's the Fed to do?"Tread lightly on rates and carry a big rhetorical anti-inflation stick," says Ken Mayland, president of ClearView Economics.Economists predict the Fed's policy statement, expected to be released Wednesday, probably will highlight inflation risks but won't go as far as to signal a rate increase at the Fed's next meeting Aug. 5.Source: The Associated Press (06/24/2008)
So for more information on homes for sale in Panama City Real Estate please visit us online at www.Panama-City-Beach-Florida-MLS.com or www.RandBCoastalRealEstate.com for more information about what is hot and exciting along the northern Florida Coast.
Daily Real Estate News June 24, 2008
Interest Rates Are Likely to Hold Steady
The Federal Reserve, which opens a two-day meeting today, is expected to leave its key interest rate unchanged at 2 percent when it wraps up the session on Wednesday. Mortgage rates are somewhat affected by this short-term rate, but are more closely tied to long-term U.S. Treasury rates and other concerns. Recent increases in mortgage rates have slowed the problem-plagued housing market and fueled inflation.So what's the Fed to do?"Tread lightly on rates and carry a big rhetorical anti-inflation stick," says Ken Mayland, president of ClearView Economics.Economists predict the Fed's policy statement, expected to be released Wednesday, probably will highlight inflation risks but won't go as far as to signal a rate increase at the Fed's next meeting Aug. 5.Source: The Associated Press (06/24/2008)
So for more information on homes for sale in Panama City Real Estate please visit us online at www.Panama-City-Beach-Florida-MLS.com or www.RandBCoastalRealEstate.com for more information about what is hot and exciting along the northern Florida Coast.
Monday, June 16, 2008
FHA Changes Tune on REO Flips
Everyone wants to make sure that the market doesn't get worse...so what does FHA decide to do? Limit the timeframe before someone could flip out of an REO property. Well that will definately put a slow down to the market! And what happened as a result? They have thought twice about this as the article below states:
Daily Real Estate News June 16, 2008
FHA Waives 90-Day Waiting Period
The Federal Housing Administration is lifting the mandatory 90-day waiting period it instituted in 2003 that delays the sale of REO properties.The waiting period, which never applied to properties sold by Fannie Mae, Freddie Mac or state- and federally chartered financial institutions, was imposed to make flipping more difficult. But as the number of REO homes gas grown, it has had the effect of flooding neighborhoods with properties.The change may help reduce the impact of foreclosures on some neighborhoods, but it won’t have as significant an impact as some might think, says Glen Daniels director of real estate-owned properties for Foreclosure.com. Many of the REO properties don’t meet FHA standards and will require rehabilitation before they can be sold to an FHA borrower, he points out.Source: Reuters News; Inman News, Matt Carter (06/13/2008)
Most of these homes as they point out whether here in Panama City or Panama City Beach Florida are in need of major repairs that will take more than 90 days anyway. It's just another stumbling block to try to get over the issues surrounding some of the key basic premises of real estate investing. For more advice turn to www.InvestSmarter.com
Daily Real Estate News June 16, 2008
FHA Waives 90-Day Waiting Period
The Federal Housing Administration is lifting the mandatory 90-day waiting period it instituted in 2003 that delays the sale of REO properties.The waiting period, which never applied to properties sold by Fannie Mae, Freddie Mac or state- and federally chartered financial institutions, was imposed to make flipping more difficult. But as the number of REO homes gas grown, it has had the effect of flooding neighborhoods with properties.The change may help reduce the impact of foreclosures on some neighborhoods, but it won’t have as significant an impact as some might think, says Glen Daniels director of real estate-owned properties for Foreclosure.com. Many of the REO properties don’t meet FHA standards and will require rehabilitation before they can be sold to an FHA borrower, he points out.Source: Reuters News; Inman News, Matt Carter (06/13/2008)
Most of these homes as they point out whether here in Panama City or Panama City Beach Florida are in need of major repairs that will take more than 90 days anyway. It's just another stumbling block to try to get over the issues surrounding some of the key basic premises of real estate investing. For more advice turn to www.InvestSmarter.com
Thursday, June 5, 2008
Welcome to the Launch of Panama City Real Estate
Welcome to the launch of the Panama City Real Estate website and current trends in Real Estate. We have taken the time to set up on online resource dedicated to making your search for real estate in Panama City more convenient. Everyone works all day and making time to view and look at property can be very time consuming. We know this and we have tried to put all this online for you to help save time, effort, and with today's gas prices.....money!!! More and more consumers, not only in the Panama City Real Estate market, but all over the country and abroad are turning to the internet for more choices when it comes to searching for Real Estate. Panama City Real Estate is no different! The resources online are getting better and better by the day and we have taken the time and spent the money to ensure that you have the most up to date and current information available when it comes to Panama City Real Estate. Take time today to look at our new website dedicated to your needs. Also see the article below reference to a slight decline the country is seeing in available property. This is always a great sign when we look at supply vs demand:
Daily Real Estate News June 5, 2008
Housing Inventories Decline Slightly in May Housing inventories in major metropolitan areas declined 0.3 percent in May, according to figures compiled by ZipRealty Inc.The data covers residential listings in local multiple-listing services in the 29 areas where Zip operates.The decline confirms that the supply of homes on the market is no longer soaring, although it remains above the four- or five-month level typical at the beginning of this decade.One in seven of the homes for sale are owned by financial institutions, according to an estimate from First American CoreLogic.
Source: The Wall Street Journal, James R. Hagerty (06/05/2008)
Housing Inventories Decline Slightly in May Housing inventories in major metropolitan areas declined 0.3 percent in May, according to figures compiled by ZipRealty Inc.The data covers residential listings in local multiple-listing services in the 29 areas where Zip operates.The decline confirms that the supply of homes on the market is no longer soaring, although it remains above the four- or five-month level typical at the beginning of this decade.One in seven of the homes for sale are owned by financial institutions, according to an estimate from First American CoreLogic.
Source: The Wall Street Journal, James R. Hagerty (06/05/2008)
Panama City Real Estate
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