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Author: Panama City Mortgage Mortgage Syndicated User

What Do Experts See on the Horizon for the Second Half of the Year?

As we move into the latter half of the year, questions about what’s to come are top of mind for buyers and sellers. Near record-low mortgage rates coupled with rising home price appreciation kicked off a robust housing market in the first half of 2021, but what does the forecast tell us about what’s on the horizon? Mortgage Rates Will Likely Increase, but Remain Low Many experts are projecting a rise in interest rates. The latest Quarterly Forecast from Freddie Mac states: “We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage...

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What To Expect as Appraisal Gaps Grow

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more than the market data supports is increasing.” While this is great news for today’s sellers, it can be tricky to navigate if the price of your contract doesn’t match up with the appraisal for the house. It’s called an appraisal gap, and...

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Save Time and Effort by Selling with an Agent

Selling a house is a time-consuming process – especially if you decide to do it on your own, known as a For Sale By Owner (FSBO). From conducting market research to reviewing legal documents, handling negotiations, and more, it’s an involved and highly detailed process that requires a lot of expertise to navigate effectively. That’s one of the reasons why the percentage of people selling their own house has declined from 19% to 8% (See graph below):To help you understand just how much time and effort it takes to sell on your own, here’s a look at a few of the things you need to think about...

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Homebuyers: Hang in There [INFOGRAPHIC]

Some Highlights Today’s sellers’ market provides unique challenges—and benefits—for buyers. Current low interest rates won’t last forever, and home prices are forecast to rise. If you’re a homebuyer, hang in there. Homeownership improves your quality of life, and the long-term benefits outweigh the short-term challenges. Content previously posted on Keeping Current Matters href=”https://www.simplifyingthemarket.com/en/?a=429471-6e7ae3e7d7cea4059ea7d116981248f9″>Keeping Current Matters

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Panama City weather 6-24-2021

Summer pattern going forward. This means more showers and storms but less coverage across the area. Back to what I like to say is the rain lotto you have to be at the right location at the right time to have a storm pop up. This will come as good news for many as we start to try and dry out after all the rain we got in the last 8 to 10 days. https://mypanhandle.com

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Collapsed Florida condo building had been shifting since 1990s, geologist says

MIAMI, Fla. (WFLA) – A study of the land around the Chamberlain Towers which partially collapsed in the Miami area on Thursday showed the building was moving even as far back as the 1990s, a geologist from Florida International University told NBC South Florida. “The data was collected in the 1990s, from ’93 to ’99, and we can see in that area, we identified that that particular building was moving between ’93 and ’99,” Dr. Shimon Wdowinski, an associate professor of Earth and Environment, said. “That was unusual because we didn’t expect to see...

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Florida building collapse survivor search continues into the night

SURFSIDE, Fla. (NewsNation Now) — The search for survivors continues after part of a 12-story condo building in Florida collapsed early Thursday morning. Officials say 99 people are still missing and 102 have been found. One death has been confirmed, and Miami-Dade County Mayor Daniella Levine Cava said there would not be another update until 7 a.m. ET Friday. Cava did say at 8:30 p.m. ET Thursday that rescuers would be working into the night trying to find anyone who may still be trapped. Rescue teams are using sonar devices to listen for signs of movement in the rubble, but Miami-Dade Assistant...

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Nexstar Media Group founder Perry Sook celebrates 25 years, highlights serving local communities

WILKES-BARRE, LUZERNE COUNTY (WBRE 28/WYOU 22 EYEWITNESS NEWS) — It was a special day for all of us at Eyewitness News. Perry Sook, the founder of our parent company, Nexstar Media Group, paid a visit to our stations Thursday. Mr. Sook was here to talk about our ongoing efforts to support our local communities. Sook’s visit comes one week after the company marked “Founder’s Day of Caring”, the 25th anniversary of the day Perry Sook founded Nexstar here in northeastern Pennsylvania. A day in which Nexstar employees from around the nation volunteer in their communities....

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A volunteer in South Walton helped save a man stuck in a rip current

SOUTH WALTON Fla. (WMBB) — Along the 26 miles of South Walton beaches Volunteer Beach Ambassadors assist lifeguards, one of those volunteers helped save a life this weekend. But county leaders have said something more still needs to be done. SWFD explains difference between heat exhaustion and heat stroke “Then I came upon someone that was actually caught up in a near-drowning, and caught up in a rip current,” said Volunteer Beach Ambassador Delanne Bernier. Bernier worked Sunday while double red flags were flying. “We were given whistles last year to be a double red flag brigade,”...

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Panama City Police Chief announces retirement

PANAMA CITY, Fla (WMBB) — After a 22-year career with the department, Panama City Police Chief Scott Ervin announced today that he will be retiring. Ervin has been with the department since July 1999. He was promoted to Chief of Police in February of 2013. “I am proud to have served alongside Chief Ervin and recognize him for his selfless service, dedication and commitment in serving and protecting the citizens of Panama City,” said City Manager Mark McQueen in a news release. “Scott is an extraordinary leader with nine years as Chief of Police resulting in the department...

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