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Happy Thanksgiving – Emerald Coast Real Estate

Happy Thanksgiving

We are filled with a heart of gratitude for the relationships we have forged with our clients.  Thank you for making our profession a joy!

We hope you took a brief moment to watch this short video to let us express our appreciation.  

If you would like to discuss further the real estate market in Panama City Beach or along the Emerald Coast, please reach out to us. 

 Life’s A Beach Real Estate is a full-service brokerage with experienced agents.  We are here to help you with all your real estate needs.  

You can find us in multiple locations along the Emerald Coast.  We have three offices in Panama City Beach, FL, and one office in Destin, FL.  Our mission is to help you “find your piece of paradise” along the Emerald Coast.  And with access and insight on all of the best real estate along the Emerald Coast, we can help you make your real estate needs happen.

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Sellers Market – How Quickly Will Your Home Sell? – Emerald Coast Real Estate

Sellers Market

It is no surprise that it is a sellers market out there, prompting sellers to ask, “how quickly will my home sell?”  Well, none of us have a crystal ball, however, the data and market conditions along Panama City Beach and along the Emerald Coast tell us, your home will sell very quickly.

Our brokerage is here to help you reach your real estate goals.  Buyers now is the time to act and act quickly.  Sellers, if you are thinking about selling in Panama City Beach or along the Emerald Coast, now would be a good time while the market is still HOT and the rates LOW.

 

We hope you took a brief moment to watch this short video to learn “how quickly your home will sell.”  

If you would like to discuss further the real estate market in Panama City Beach or along the Emerald Coast, please reach out to us. 

 Life’s A Beach Real Estate is a full-service brokerage with experienced agents.  We are here to help you with all your real estate needs.  

You can find us in multiple locations along the Emerald Coast.  We have three offices in Panama City Beach, FL, and one office in Destin, FL.  Our mission is to help you “find your piece of paradise” along the Emerald Coast.  And with access and insight on all of the best real estate along the Emerald Coast, we can help you make your real estate needs happen.

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Don’t Fear Today’s Real Estate Market – Emerald Coast Real Estate

Happy Halloween

Buying a home doesn’t have to be scary, even in a sellers’ market. So let’s connect today to take the fear out of the equation.

Our brokerage is here to help you reach your real estate goals.  Buyers, now is the time to act and act quickly.  Sellers, if you are thinking about selling in Panama City Beach or along the Emerald Coast, now would be a good time while the market is still HOT and the rates LOW.

 

We hope you took a brief moment to watch this short video to learn “how a professional real estate agent can help you.”  

If you would like to discuss further the real estate market in Panama City Beach or along the Emerald Coast, please reach out to us. 

 Life’s A Beach Real Estate team is a full-service brokerage with experienced agents.  We are here to help you with all your real estate needs.  

You can find us in multiple locations along the Emerald Coast.  We have three offices in Panama City Beach, FL, and one office in Destin, FL.  Our mission is to help you “find your piece of paradise” along the Emerald Coast.  And with access and insight on all of the best real estate along the Emerald Coast, we can help you make your real estate needs happen.

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Don’t Wait for a Lower Mortgage Rate – Emerald Coast Real Estate

Lower Mortgage Rate

Don’t Wait for a Lower Morgage Rate – It Could Cost You.

  Where are the mortgage rates headed?  Well, I do not have a crystal ball; however, the rates seem to be slowly ticking back up. So what does that mean for buyers in Panama City Beach or along the Emerald Coast?  Please don’t wait, or it could cost you!

If you are thinking about buying or selling, it is essential to understand the current real estate market.  A trusted, experienced real estate agent is invaluable in helping you know Panama City Beach and the Emerald Coast real estate market.

  Life’s A Beach Real Estate can help you stay up on the current industry topics and trends.  And help with questions, concerns, and much much more.

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

Don’t Wait for a Lower Mortgage Rate – It Could Cost You | MyKCM

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of.

Even today, our mortgage rates are below what they’ve been in recent decades. So, while you may not be able to lock in the rate your friend got recently, you’re still in a great position to secure a rate well below what your parents and even grandparents got in years past. The key will be acting sooner rather than later.

In late September, mortgage rates ticked above 3% for the first time in months. And according to experts throughout the industry, mortgage rates are projected to continue rising in the months ahead. Here’s where experts say rates are headed:Don’t Wait for a Lower Mortgage Rate – It Could Cost You | MyKCMWhile a projected half percentage point increase may not seem substantial, it does have an impact when you’re buying a home. When rates rise even slightly, it affects how much you’ll pay month-to-month on your home loan. The chart below shows how it works:Don’t Wait for a Lower Mortgage Rate – It Could Cost You | MyKCMIn this example, if rates rise to 3.55%, you’ll pay an extra $100 each month on your monthly mortgage payment if you purchase a home around this time next year. That extra money can really add up over the life of a 15 or 30-year loan.

Clearly, today’s mortgage rates are worth taking advantage of before they climb further. The rates we’re seeing right now give you a unique opportunity to afford more home for your money while keeping your monthly payment down.

Bottom Line

Waiting for a lower mortgage rate could cost you. Experts project rates will continue to rise in the months ahead. Let’s connect so you can seize this opportunity before they increase further.

Bottom Line

The truth is, high demand and low supply are what’s driving up home prices in today’s housing market. And while prices may increase at a slower pace in the coming months, experts still expect them to rise. If you’re a potential homebuyer, let’s connect today to discuss what that could mean for you if you wait even longer to buy.

To learn more, reach out to our team.  With two office locations, Life’s A Beach Real Estate is located in Panama City Beach.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.

 

 

 

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Supply & Demand, Today’s Housing Market – Emerald Coast Real Estate

Supply & Demand

What Do Supply and Demand Tell Us About Today’s Housing Market?

If you were a buyer in search of your forever home or vacation home in Panama City Beach or along the Emerald Coast this summer, then you know that our supply was at an all-time low!  Frustrated real estate buyers struggling to outbid competing bids.  Happy real estate sellers, profiting from appreciation due to the rising prices.  Now that we are few weeks into fall, the supply has increased, but the demand is still out there.  What does this mean for our market?  Well, buyers are not getting shut out in bidding wars as quickly.  However, sellers are still in the driver’s seat of the market.  Prices are stabilizing to an extent, but seem to still be on the rise slowly.  

If you are thinking about selling, it is important to understand the current real estate market.  A trusted, experienced real estate agent is invaluable in helping you understand Panama City Beach and the Emerald Coast real estate market.

  Life’s A Beach Real Estate can help you stay up on the current industry topics and trends.  And help with questions, concerns, and much much more.

What Do Supply and Demand Tell Us About Today’s Housing Market?

What Do Supply and Demand Tell Us About Today’s Housing Market? | MyKCM

There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly.

Understanding the impact both supply and demand have can provide the answers to a few popular questions about today’s housing market:

  • Why are prices rising?
  • Where are prices headed?
  • What does this mean for homebuyers?

Why Are Prices Rising?

According to the latest Home Price Insights report from CoreLogic, home prices have risen 18.1% since this time last year. But what’s driving the increase?

Recent buyer and seller activity data from the National Association of Realtors (NAR) helps answer that question. When we take NAR’s buyer activity data and compare it to the seller traffic during the same timeframe, we can see buyer demand continues to outpace seller activity by a wide margin. In other words, the demand for homes is significantly greater than the current supply that’s available to buy (see maps below):What Do Supply and Demand Tell Us About Today’s Housing Market? | MyKCM This combination of low supply and high demand is what’s driving home prices up. Bill McBride, the author of the Calculated Risk blog, puts it best, saying:

“By some measures, house prices seem high, but the recent price increases make sense from a supply and demand perspective.

Where Are Prices Headed?

The supply of homes for sale will greatly affect where prices head over the coming months. Many experts forecast prices will continue to increase, but they’ll likely appreciate at a slower rate.

Buyers hoping to purchase the home of their dreams may see this as welcome news. In this case, perspective is important: a slight moderation of home prices does not mean prices will depreciate or fall. Price increases may occur at a slower pace, but experts still expect them to rise.

Five major entities that closely follow the real estate market forecast home prices will continue appreciating through 2022 (see graph below):What Do Supply and Demand Tell Us About Today’s Housing Market? | MyKCM

What Does This Mean for Homebuyers?

If you’re waiting to enter the market because you’re expecting prices to drop, you may end up paying more in the long run. Even if price increases occur at a slower rate next year, prices are still projected to rise. That means the home of your dreams will likely cost even more in 2022.

Bottom Line

The truth is, high demand and low supply are what’s driving up home prices in today’s housing market. And while prices may increase at a slower pace in the coming months, experts still expect them to rise. If you’re a potential homebuyer, let’s connect today to discuss what that could mean for you if you wait even longer to buy.

To learn more, reach out to our team.  With two office locations, Life’s A Beach Real Estate is located in Panama City Beach.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.

 

 

 

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Do You Know Your Mortgage Rate? – Emerald Coast Real Estate

Do You Know Your Mortgage Rate?

Real Estate along the Emerald Coast.

 Low rates allow you to purchase more home for your money which can keep your monthly payment lower.

Our brokerage is here to help you reach your real estate goals.  Buyers now is the time to act and act quickly.  Sellers, if you are thinking about selling in Panama City Beach or along the Emerald Coast, now would be a good time while the market is still HOT and the rates LOW.

 

We hope you took a brief moment to watch this short video about “Do You Know Your Mortgage Rate?”  

If you would like to discuss further the real estate market in Panama City Beach or along the Emerald Coast, please reach out to us. 

 Life’s A Beach Real Estate team is a full-service brokerage with experienced agents.  We are here to help you with all your real estate needs.  

You can find us in multiple locations along the Emerald Coast.  We have three offices in Panama City Beach, FL, and one office in Destin, FL.  Our mission is to help you “find your piece of paradise” along the Emerald Coast.  And with access and insight on all of the best real estate along the Emerald Coast, we can help you make your real estate needs happen.

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What To Do With Your Vacation Home As Summer Ends – Emerald Coast Real Estate

Vacation Home in Panama City Beach or along the Emerald Coast?

You have been the happy owner of a vacation home in Panama City Beach or along the Emerald Coast.  Summer is ending, and you have been evaluating whether or not you want to continue with the time and expense involved in the upkeep of a beach vacation home.  Well, if you are considering selling, now is a good time!  Prices are up, inventory is down, and buyers are still very active.  We are coming out to the other side of the feeding frenzy real estate market we had over the summer.  However, the buyers are plentiful for a variety of reasons.

If you are thinking about selling, it is important to understand the current real estate market.  A trusted, experienced real estate agent is invaluable in helping you understand Panama City Beach and the Emerald Coast real estate market.

  Life’s A Beach Real Estate can help you stay up on the current industry topics and trends.  And help with questions, concerns, and much much more.

What To Do with Your Vacation Home as Summer Ends

What To Do with Your Vacation Home as Summer Ends | MyKCM

As summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021.

If you’ve taken your last vacation in Panama City Beach, and along the Emerald Coast this summer, here are reasons you should consider selling your vacation home this year.

1. Remote work continues to drive demand for vacation homes.

As the report from NAR says, based on continuously evolving work needs, there could be more interest in your second home than you think:

“In 2020, across all nine divisions, the fraction of the workforce that work from home is typically higher in the vacation home counties than in the non-vacation home counties… The opportunity to work from home could further raise the demand for vacation homes in future years.

Recent data shows we’ll likely see a sustained increase in the rate of remote work over the next five years. That means your vacation home could be highly sought after by certain buyers. Lawrence Yun, Chief Economist at NAR, puts it best, saying:

Vacation homes are a hot commodity at the moment . . . . With many businesses and employers still extending an option to work remotely to workers, vacation housing and second homes will remain a popular choice among buyers.”

2. Selling could allow you to upgrade your vacation spot – or even your day-to-day scenery.

When demand is high, so is buyer competition. When competition is strong, buyers will do everything they can to make their offer on your vacation home as appealing as possible. This can include things like all-cash offers and more. If you sell now, you’ll be able to benefit from high buyer competition and pick the offer with the best possible terms for you. That offer could give you the opportunity to purchase the primary residence of your dreams.

Or, if you find that you’ll continue working from home, you could consider taking up more permanent residence in your vacation home and selling your primary residence instead. While this isn’t a choice everyone can consider, it could be a great option.

No matter what the situation, you don’t have to make the decision on your own. Your trusted real estate advisor can help you determine your best option when you’re ready to sell.

Bottom Line

Buyers remain interested in vacation homes this year for a number of reasons. Now that summer is winding down, it’s time to think about taking advantage of today’s demand for vacation homes. Let’s connect today if you’re ready to give your second home its day in the sun.

To learn more, reach out to our team.  With two office locations, Life’s A Beach Real Estate is located in Panama City Beach.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.

 

 

 

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Looking For A Place To Call Home, Consider A Condo – Emerald Coast Real Estate

Place To Call Home

Looking For A Place To Call Home?  Consider A Condominium.

It is no secret that the real estate market is very competitive in Panama City Beach and along the Emerald Coast. Unfortunately, many overlook the condominium option.  There are reasons for that, perhaps financing.  Or the vacation rental market aspect.  Yes, those are valid reasons or concerns to consider and research.  However, there are viable options for you to consider in the condo real estate market that your trusted real estate professional can help you navigate.

If you are a prospective buyer or seller, it is important to understand the current real estate market.  A trusted, experienced real estate agent is invaluable in helping you understand Panama City Beach and the Emerald Coast real estate market.

  Life’s A Beach Real Estate can help you stay up on the current industry topics and trends.  And help with questions, concerns, and much much more.

Looking for a Place To Call Home? Consider a Condominium.

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option.

In fact, trends indicate condos are gaining popularity among buyers. In the latest Existing Homes Sales Report from the National Association of Realtors (NAR), the data shows condo sales rising throughout the first half of this year (see graph below):Looking for a Place To Call Home? Consider a Condominium. | MyKCMThere are a few reasons more and more people are opting to buy condos – the benefits of condo life can be quite compelling. Let’s explore the main perks to find out if a condo is a good fit for you.

Affordability

According to the NAR report, the median sales price of a condo is roughly $59,000 less than the median price of a single-family detached home (see graph below). This makes condos a great option for first-time homebuyers, those with limited down payment savings, or those looking to save money by downsizing.Looking for a Place To Call Home? Consider a Condominium. | MyKCM

Maintenance

A recent article from BankRate adds low maintenance as another perk of a condo lifestyle. Generally, exterior maintenance for condos is handled by a Homeowner’s Association (HOA). This can include things like landscaping and upholding a certain standard of cleanliness and condition for walkways, siding, and roofs. If you’re looking for a lower-maintenance option or see the appeal in being hands-off with upkeep, condos may be a good choice for you. With exterior maintenance off your plate, you’ll have more time for yourself and your hobbies.

Amenities

You can use that free time to enjoy some of the value-adding features your condo community may have, which could include dog parks, pools, a rentable clubhouse and grilling area for events, and more. If being able to host or attend community social outings is important to you, condos may give you more opportunities to enjoy the company of your neighbors. As a bonus, some condos even have gyms and on-site security teams.

Ultimately, the choice is yours. Condos are great options that often come with various features and benefits that may be important for your lifestyle. Fannie Mae sums up the appeal nicely:

Condominiums, or condos, can be great alternatives to detached homes. City dwellers, singles, couples, seniors, and many others may find condos that suit their needs and budgets. Others may simply prefer low-maintenance living. Buyers who feel ‘priced out’ of homes may discover condos offer an affordable homeownership alternative.

Bottom Line

If you’re looking for a home, it may be time to consider a condo as an option. Let’s connect to explore if one would be a good fit for your homeownership needs.

To learn more, reach out to our team.  With two office locations, Life’s A Beach Real Estate is located in Panama City Beach.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.

 

 

 

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Time Is Money When It Comes To Your Home – Emerald Coast Real Estate

Time Is Money When It Comes To Your Home

Real Estate along the Emerald Coast.

 In the first quarter of 2021, the average homeowner gained approximately $33,400 in equity during the past year.

Our brokerage is here to help you reach your real estate goals.  Buyers now is the time to act and act quickly.  Sellers, if you are thinking about selling in Panama City Beach or along the Emerald Coast, now would be a good time while the market is still HOT.

 

We hope you took a brief moment to watch this short video about “Top Reasons to Own Your Home.”  

If you would like to discuss further the real estate market in Panama City Beach or along the Emerald Coast, please reach out to us. 

 Life’s A Beach Real Estate team is a full-service brokerage with experienced agents.  We are here to help you with all your real estate needs.  

You can find us in multiple locations along the Emerald Coast.  We have three offices in Panama City Beach, FL, and one office in Destin, FL.  Our mission is to help you “find your piece of paradise” along the Emerald Coast.  And with access and insight on all of the best real estate along the Emerald Coast, we can help you make your real estate needs happen.

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Housing Market Hot Topics – Emerald Coast Real Estate

Housing Market Hot Topics

There are three hot topics in the housing market right now.

  If you are a prospective buyer or seller it is important to understand the current Real Estate Market.  Topics and Trends change and you need to know how that is impacting the real estate market in Panama City Beach and along the Emerald CoastLife’s A Beach Real Estate can help you stay up on the current industry topics and trends.

3 Hot Topics in the Housing Market Right Now

3 Hot Topics in the Housing Market Right Now | MyKCM

The Counselors of Real Estate (CRE) just released its Top Ten Issues Affecting Real Estate report. Here are three hot topics from the list and how they impact today’s housing market.

Technology Acceleration and Innovation

The past year ushered in many changes to the real estate industry.   Especially when it comes to technology. The CRE report elaborates on this:

“Lockdown-driven changes in our work, in the economy, in social structures, and in our personal behavior have pushed our reluctance aside. The acceleration and adoption of technology during the pandemic has impacted everything, and real estate is no exception.

For real estate, innovations like digital documentation, virtual tours, and video chat enable agents to connect with clients no matter their location. These options are ideal for prospective buyers and sellers who aren’t local to the area.  Also, for those that need the added flexibility signing documents online or doing virtual tours provide. That’s why many trusted real estate advisors will continue to use these technologies moving forward to best serve their clients.

Remote Work and Mobility

Working from home became the reality for many individuals during the pandemic.  The latest list from the CRE identified remote work and mobility as an important influence on the real estate market. As the report notes:

the pandemic universally caused a movement away from urban cores, particularly for those with higher incomes who could afford to move and for lower-income individuals seeking lower costs of living. Most of these relocations remained within their original region—84%—and, while some are returning, it is unknown as to the permanence of these movements or whether they represent a true urban exodus.

With the added mobility remote work offers, where people are moving and where they can ultimately purchase a home is less dependent on a physical office location. This newfound flexibility is giving remote workers the opportunity to move to more affordable areas and buy more home for their money.

Housing Supply and Affordability

Finally, the limited supply of houses for sale and the related affordability challenges also makes CRE’s list of key factors this year:

“According to the National Association of Realtors®, the state of America’s housing inventory is dire, with a chronic shortage of affordable and available homes needed to support the nation’s population.”

There is good news. Homes are still more affordable than they have been historically thanks to today’s low mortgage rates. And while housing supply is still low, we’re seeing steady increases in the number of homes coming to market.  More inventory is giving hope to homebuyers. As the supply of homes for sale improves, buyers will have more options.

Bottom Line

New technology, remote work, housing supply, and home affordability are key factors in the housing market right now for both buyers and sellers.

To learn more, reach out to our team.  With two office locations, Life’s A Beach Real Estate is located in Panama City Beach.  And Life’s A Beach Luxury Real Estate is located in Destin.  We are here to answer your questions and help you find your piece of paradise.