Panama City Beach Real Estate Market Conditions
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1.08.08 » $7500 Tax Credit For First-Time Homebuyers

This could be a good day for first time home buyers. Housing legislation signed into law on July 30, 2008 by President Bush is aimed at ending the current cyclical downturn in the housing industry, helping home buyers and strapped borrowers and strengthening the housing finance system, according to the National Association of Home Builders (NAHB).

15.05.08 » Panama City Beach Condo Lending And Financing Conditions Improve

Hi folks,
It looks like the lending climate may be improving for condo market here in Panama City Beach, FL. We recently received correspondence from a lender that included a list of “Approved” condos.

* Please note this information is from one particular lender. We have several that we work with that are financing condos.

28.04.08 » Frank Brown Park Near Pier Park To Host Circus by the Sea!

From June 13 to August 2, 2008, Florida’s newest seasonal attraction will spring to life at Frank Brown Park near Pier Park, bringing a dazzling three-ring aerial and stage production to residents and visitors alike.

24.04.08 » Financing Condos and Condo Hotel Units In Panama City Beach FL

Current Lending Climate In Panama City Beach For The Purchase Of Condos And Condo Hotel Units

10.04.08 » Seabreeze Jazz Fest says HELLO to Pier Park

The nationally recognized Seabreeze Jazz Festival will move from Walton County to the public amphitheater at Pier Park, Panama City Beach for 2009.

“This is a great event,” said TDC Chairman Andy Phillips. The TDC unanimously passed a resolution to provide the organizers $10,000 to help in the relocation from its current site in Destin to Pier Park in Panama City Beach.
Have a GREAT day!
Mike and Vivian

3.04.08 » Panama City Beach Real Estate Absorption Rates

Hi folks,
I hope all of you are doing well today. I just posted the Panama City Beach Real Estate For Sale inventory numbers for Panama City Beach, Panama City and Bay County. The numbers are for the month of March.

21.03.08 » Real Estate Auction Strategy and Tips

With Real Estate Auctions all the rage right now, I would like to offer some advise and tips on how to be prepared to bid on real estate at auction.

A REALTOR(R) can be a GREAT asset to the auction process. Many Auction Companies provide a cooperative commission to REALTORS(R) that register a buyer and attend the auction.

27.02.08 » Pier Park in Panama City Beach is Open for Business!

Good day all,
Pier Park outdoor mall and retail center in Panama City Beach is now open for business! This is arguably THE most important GOOD thing to happen to the beach in a long while. We think it is even more important than the new airport.

16.02.08 » Florida Property Tax Amendment 1 and how it affects you.

The following was sent by State Senator Don Gaetz of Florida

Now that it’s law, here’s how Florida Property Tax Amendment 1 may affect your tax liability.

Dear Neighbor,

28.01.08 » Panama City Bay County International Airport Stay Lifted

A federal appeals court in New York has cleared the way for construction to begin in full at the new Panama City-Bay County International Airport, officials announced Monday.

“This is a red-letter day for the airport,” said Airport Authority Vice Chairman Bill Cramer upon receiving news of the decision just before an Airport Authority’s regular meeting Monday morning.

12.01.08 » Florida Property Tax Amendment Confusion

Hi folks,
I am writing this in hope that the information I post here will clear up some confusion w/ regard to the Florida Property Tax Amendment that is on the ballot for January 29, 2008. This amendment is NOT the same as the previous SUPER EXEMPTION AMENDMENT that was so highly advertised. The SUPER EXEMPTION AMENDMENT is DEAD.

4.12.07 » Court Halts Panama City, Bay County Airport Construction

The Associated Press

6:04 pm, November 30, 2007
A federal appeals court temporarily blocked construction of Bay County’s new airport, granting a request by local pilots and environmental groups opposed to the project.

2.11.07 » Panama City | Bay County International Airport Ground Breaking

Good day to all,
Yesterday was the official ground breaking for the Panama City- Bay County International Airport. Approximately 1000 people in attendance.

There is a lot of speculation as to whether or not the airport will stimulate real estate sales in the area. I think it is possible. We may see some investors come back into the market as a result of the airport contruction.

25.10.07 » Bay County International Airport Groundbreaking Ceremony

Panama City Beach News Release

Date Set for Bay County International Airport Groundbreaking Ceremony

Thursday, October 25, 2007

Early today the Airport Authority began emailing invitations to a “Ceremonial Groundbreaking” for the new airport, to be held on Thursday, November 1, at 9:30 a.m. on Hwy 388 in West Bay.

23.10.07 » Pier Park | Panama City Beach Florida

Pier Park in Panama City Beach sure is coming along nicely! Its is going to be a GREAT place for folks to shop, eat, drink and be merry! There are a host of stores coming and quite a few under construction. The theaters are done. Long Horn Steakhouse is done. Target, Starbucks, and Panera Bread are done!

3.10.07 » New HUD Rule Bans Seller Funded Down Payments for FHA Loans

Things just got more difficult for first time home buyers…although I have to admit I am not sorry to see this go by the wayside. It was confusing to buyers, sellers and REALTORS(R). The practical application of this program and this rule in particular has proven difficult.

4.09.07 » President Bush tries to help owner’s with mortgage troubles

What is the problem?

Well I am happy to say we are not seeing much of this in the Panama City Beach area and I’d like to think that some of the reason for this is that we have responsible REALTORS(R) in our area who educate their customers with regard to lending and staying within their means. It is however, a different story on state and national basis.

23.08.07 » Why haven’t my property taxes gone down?

Homestead is no protection against tax increases this year…

21.08.07 » Panama City-Bay County International Airport-Federal, State and Local Leaders Voice Strong Support for Airport Relocation

Press Release Source: Panama City - Bay County International Airport

Federal, State and Local Leaders Voice Strong Support for Airport Relocation
Tuesday August 21, 8:39 am ET
Panhandle Business Leaders Join in Support of “Extraordinary Opportunity”
Airport Relocation Project Enters Construction Phase

16.08.07 » PANAMA CITY-BAY COUNTY INTERNATIONAL AIRPORT RECEIVES FINAL FEDERAL PERMIT

PANAMA CITY - BAY COUNTY INTERNATIONAL AIRPORT RECEIVES FINAL FEDERAL PERMIT NEEDED FOR AIRPORT RELOCATION

Airport Relocation Project Enters Construction Phase