Federal Employees Need to Ask

Just read an article put out from the National Association of Realtors.  Federal Workers need to be contacting their lenders and landlords for forgiveness and ask for no late fees.

Mortgage, Rental Aid Arrives for Unpaid Federal Workers

Posted in Uncategorized | Leave a comment

Mortgage, Rental Aid Arrives for Unpaid Federal Workers

Mortgage Holders who have been affected by the partial government shutdown need to click the link below and read.  Ask for forgiveness from your lender and landlord.

Source: Mortgage, Rental Aid Arrives for Unpaid Federal Workers

 

 

Posted in Uncategorized | Leave a comment

Okaloosa October Sales Report

October

Image | Posted on by | Leave a comment

Walton County October Sales Report

Walton_County_October

Image | Posted on by | Leave a comment

How old is your Home?

Well a recent U. S. Census Bureau’s American Community Survey reveals that the median age of an owner occupied home is now 37 years old.  This means that half of all homes in the U.S. were built prior to 1980.  Why is this happening?  A decline in residential construction in the past decade.

Another 13.5% of the country’s total housing units were built prior to 1940, while 19% were built before 1950.

Homes built between 2010 to 2016 make up 4% of the inventory.  About 70% of homes built after 2010 are owned by Generation X (age 35-54).

So it brings me back to how old is your home?  

Currently there are 2,487 homes for sale in my own market.  Of those, 943 of them were built after 2010 (37.9%) and 1,230 were built from 1980 to 2010 (49.5%).  The remainder were built prior to 1980 with the oldest home for sale built in 1882.

house surrounded with trees on grayscale photography

Photo by Stockdexter .nl on Pexels.com

 

Posted in Uncategorized | Leave a comment

Pier Park, Pier Park North and West Pier Park

Pier Park, located in the heart of the world’s most beautiful beaches has over 120 stores! Get a detailed map of shops, restaurants and other locations.

Source: Pier Park, Pier Park North and West Pier Park

Pier Park is certainly OPEN for Business.  Christmas shopping is brisk.

 

Posted in Holiday, Shopping | Tagged | Leave a comment

Let’s talk Real Estate and Economy

The Fed announced today that they will slow down the rise of interest rates for the time being and not raise them as fast as they originally planned for 2019.  However we are not out of the woods yet.  Unemployment is lower today, but factor in the announcement of GM’s factory closings and we may have a new problem lurking ahead.  Payroll is not keeping pace and the gap between workers payroll and the ability to pay for housing have become a huge problem.

Although banks are no longer allowing loans on good faith and you must have documentation to qualify for a home loan what is happening is that those that have loans are refinancing more than ever and they are not using the money on their homes.  They are taking vacations, buying luxury items, and paying for medical bills.

Student debt from school loans are at an all time high with no sign of any way out for the younger generation to buy a home until much later in life.  They are still living at home or renting.  Car debt loans are also at an all time high.  Keep an eye on the stock market and economy, but I do see some red flags to be aware of as we prepare to go through 2019.

stock exchange board

Photo by Pixabay on Pexels.com

Posted in Uncategorized | Leave a comment