The Beach Show Secrets to Success
This is really not a tip, rather an explanation of what Jason and I are up to and how and why we do the thing we do (sounds like a song). As many of you know, for the past 19 weeks we have been having a great time doing thebeachshow.com. It is the ONLY INTERNET TV SHOW ALL ABOUT REAL ESTATE on Panama City Beach. If you know both of us and many of you do, I do not have to tell you who the techno brain child is. . . AND it ain’t me.
Mixed Signals in Housing Data
We got a mixed bag of economic data on the housing front this week that, on one hand disappointed, but upon closer analysis showed yet another sign that the battered housing market is recovering. On Tuesday the Commerce Department said that initial construction of new homes fell in July after surging in June. Housing starts fell 11% to a seasonally adjusted rate of 581,000 down form 587,000 in June. Commerce also reported that applications for new building permits also fell in July by a more modest 1.8% though both reports came in below economist’s forecasts.
Episode #18 - 3br Gulfview Carillon Condo Firesale
This week’s features:
- Deal 1 - Huge Lux Condo in Carillon 3/3.5 overlooking Lake and Gulf, only $498k
- Deal 2 - Nice 1450 sf townhome, move-in ready only $149,900
- Deal 3 - Foreclosure SFH with pool only $197k
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 and pictures.
Call us at 850-527-5651 to see these properties or for anything else you need regarding real estate in Panama City Beach.
Part 3 Debunking the tax credit Myths
You know how you receive those lovely thick pieces of hard to open Junk mail that say in bold big letter, “TIME SENSITIVE ” well this is your online version of that but it really is TIME SENSITIVE, so in an attempt to wrap this topic, up here we go.
Tax Credits are a wonderful way for saving money on that dreaded tax bill but there is still much misinformation out there. This will be my third and final attempt to seperate the fact and fiction surrounding the tax credit for New home buyers. We have addressed some of the other questions in prior articles but there are a few myths that remain. . . So we will try to stick to “just the facts Ma’am”
Rates Ease and Home Prices Post Record Fall
Mortgage rates have eased since last week with the rate on the benchmark thirty-year, fixed-rate falling back below 5.50% to settle in at 5.375%. That’s a .25% improvement since last week’s spike up to 5.625%. Rate shave been benefiting form some profit taking in the stock market which has cooled a bit in August following it’s month long rally in July. This is interesting considering last Friday’s unemployment report for July showed far fewer jobs lost for the month than economists expected and an actual decline in the overall unemployment rate to 9.4%. News like this usually provides the impetus for renewing a stock rally as it indicates an economy that may be pulling out of recession and stocks did surge on the news but have since pulled back as worries that we’re not out of the woods yet continue to linger. I have felt all along that the optimism on Wall Street over the better part of this year has been premature and has put the cart well before the horse. The fact bond prices have remained high and rates low supports this theory.
Episode #17 - 3 BR Condo on the Gulf $229k
This week’s features:
- Deal 1 - 3 Bedroom Condo on the Gulf for only $229,000
- Deal 2 - Townhome on Thomas Drive for $169,900
- Deal 3 - Wild Heron Bungalow BACK ON THE MARKET only $302,500!
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 and pictures.
Call us at 850-527-5651 to see these properties or for anything else you need regarding real estate in Panama City Beach.
Let’s Clear the Confusion - Home Buyer Tax Credit
I always share as I write that I am not an expert and I do not even play one on TV so I want to make some of last weeks article a little more clear if I can. As my husband says, “lets see if we can make this as clear as mud” There is still confusion surrounding the tax Credit with the emphasis on CREDIT and not deduction. Please take my limited knowledge and run straight to your banker and your favorite Realtor and see what you can come up with. I have borrowed some examples that may apply to you and have consulted again with my banker friends that are wiser than me.
Rates Rise – Home Sales Too
Mortgage rates held up well last week as the Federal Reserve auctioned off a whopping $200 billion in US Treasury debt and even managed to improve somewhat by week’s end as I had predicted. This week has been another story however. After sliding to 5.25%, the rate on the benchmark thirty-year, fixed-rate climbed back to 5.50% as the ten-year Treasury note yield rose to 3.73% by Wednesday morning.
Episode #16 - 2 BR in SummerBreeze for Only $180k
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 and pictures.
4 Questions (and answers!) About the Homebuyer’s Tax Credit
Somethings in Real Estate can wait but getting a move on with the HOMEBUYERS TAX CREDIT cannot wait. So, this is a timely message for all of you home buyers that have been doing my favorite exercise. . . Procrastination. I have addressed this before but thought since time is running out for this great savings, I should bring it to the forefront again. As I always do I am going to answer some ACTUAL real life questions that people have brought to my attention and have consulted other legal resources for my answers. (Federaltaxpayerscredit.com)
