The Art of the Mini Vacation Part 1

You’ve taken big vacations before. You’ve saved up sick days and vacation time all year long, planned a huge two-week trip, bought airline tickets, rented vehicles, bargained a sitter for the dog—the whole nine. The vacation is great but you get back to the job to find your work piled up and you can’t get away again for another year. That’s no fun. But what if you could vacation any time you wanted? This is where the mini-vacation tosses on a cape and saves the day…or the entire weekend.

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Make No Mistake, the Purpose of the New Airport is to MAKE MONEY

Often I receive all sorts of cynical comments about the construction of the new airport in Panama City Beach.  This is, in fact, one of my favorite topics to debate, I love hearing what everyone has to say and I love forming rebuttals.  So this is the first of a series of posts that I want to walk down the line of some of the comments I get and open it all up for conversation in the comments below.

I’ll list out the cynical comments, then I’ll explain why they are so off base, you’ll see why the new airport has NOTHING to do with bringing “Aunt Pearl” home.

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Will the Y Be Gone at HW 79 and FBR West PCB?

Over the last 18 months, crews have been working quickly to widen the length of Highway 79 from two lanes to four lanes with much of it split with a large grass median.  For those of you that travel up 79, you know this has been a heaven send and has made the road much easier to navigate.  Last week at a city council meeting they voted to move forward on the extension of the widening south of Back Beach Road, or Panama City Beach Parkway.

One of the big hang-ups all along has been how to execute this with the dynamics of an awkwardly designed Y intersection that put businesses close to the corridor of travel.

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The Beach Show – Buy in SPLASH for Only $217/foot

This week’s features:

  • Deal 1 – 2 Bed in SPLASH for only $217/foot
  • Deal 2 – 2 bed at Tropic Winds for $269,900
  • Deal 3 – 3 bed at Tropic Winds for $359,900

The Beach Show is your ONLY internet TV show all about Real Estate on Panama City Beach.

Remember, it doesn’t cost anything to work with us if you are a buyer.

Click the “more” tag for show notes.

Call us at 850-527-5651 to see these properties or for anything else you need regarding real estate in Panama City Beach.

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Rates Remain Low / Housing Starts Tumble

Mortgage rates continue to hover near record lows with the rate on the benchmark thirty year flirting with 4.875% this week. The rate on the fifteen year fixed rate has dipped below 4.50% coming in at 4.375%. Thirty year rates on most government loan programs including FHA. VA and Rural Development have eased to 5%. Rates were helped this week after Federal Reserve Chairman Ben Bernanke gave a speech on Monday in which he cited “economic headwinds” as rationale for keeping rates low for the foreseeable future. Low interest rates helped keep the value of the dollar low against other major currencies and driven the price of gold to record highs in recent weeks as investors look for a safe alternative to the U.S. currency.
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6 Questions (and answers) about the Extension of the First Time Homebuyer's Tax Credit

I am so excited that the tax buyer credit has not only extended but has expanded. Now move-up/repeat-home buyers can jump on board and reap the benefits of the program. I think most people are aware of the provisions and rules applied to the old bill but thought it would be fun to look at some of the new things available for those that are NOT first time home buyers. The Worker, Home ownership, and Business Assistance Act of 2009 has established a tax credit of up to $6,500 for qualified move-up/repeat-home buyers (existing home owners) purchasing a principal residence after November 6, 2009 and on or before April 30, 2010 (or purchased by June 30, 2010 with a binding sales contract signed by April 30, 2010).

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Emerald Coast Cruizin Photo and Video RECAP

This year’s Emerald Coast Cruizin Event was a huge success with thousands of hotrods, ratrods, classics and muscle cars that covered the festive grounds of Frank Brown Park in Panama City Beach.  At the beginning of the week, there was a weather scare with Tropical Depression Ida rolling through, but the weather cleared up and produced a weekend that would be difficult to match any other time of year.  The air was cool, skies blue and spirits great as the paint glowed as people ogled over the “tons of pretty stuff.”

Enough talk, lets see some pictures!

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Foreclosures and Short Sales are Major Restraints for Price Stability

The sale statistics from the 70 buildings in the http://www.condosaletrends.com database indicate some encouraging news for the Panama City Beach condo market.  The number of sales from July through October is up 62% over the same period in 2008.  That number does not include developer sales that were not listed in the MLS; however neither did the 2008 number.  The prices are low enough to encourage buyers to sign contracts and the banks are more responsive to short sale offers.

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