Tropical Storm Ida, quickly making her way through the Gulf of Mexico is set to give Mobile and Pensacola a near direct hit tomorrow morning. Panama City Beach has been overcast with Ida’s girth since early this morning, and we’ve seen wind gusts of up to 20 mph. We were out on the new Russell-Fields Pier this morning and captured dozens of surfers sharing the huge waves that came in nice even sets with smooth breaks in between.
Read on for video, tips on hurricane preparedness, and info on closings tomorrow, etc.
Continue reading “State of Emergency – Tropical Storm Ida and Panama City Beach”
The National Association of Realtors reported on Monday that the September Pending Home Sales Index jumped 6.1% t0 110.1 after a 6.4% rise in August. The big rise far surpassed analysts’ expectations who anticipated a more modest rise of 1.2%. Most economists contributed the large increase to the estimated 200,000 to 400,000 first-time homebuyers rushing to take advantage of the $8,000 tax credit set to expire on November 30th. To that end, many analysts are anticipating a drop in pending home sales after November 30th. The NAR report helped offset a Commerce Department report last Thursday that showed new home sales fell unexpectedly on September after rising for five straight months. Commerce said new home sales fell 3.6% in September to a seasonally adjusted annual rate of 402,000. It was the first decline since March. Ironically, the drop was also attributed in part to the expiring first-time buyer credit. Go figure.
PCBDaily 