Santa Rosa County, FL Real Estate News

By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
As there’s more and more talk about the real estate market cooling off from the peak frenzy it saw during the pandemic, you may be questioning what that means for your plans to sell your house. If you’re thinking of making a move, you should know the market is still anything but normal. 1.7KSHARES 1.4K 98 23 168 Why It’s Still a Sellers’ Market   Even though the supply of homes for sale has been growing this year, there’s still a shortage of homes on the market. And that means conditions continue to favor sellers today. That’s because the level of inventory of homes for sale can help determine if buyers or sellers are in the driver’s seat. Think of it like this: A buyers’ market is when there are more homes for sale than buyers looking to buy. When that happens, buyers have the negotiat...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  By Romina Ruiz-Goiriena USA Today calls it “the most sweeping overhaul since the housing crash in 2008.” The three-year strategy focuses on underwriting, appraisals and support programs. WASHINGTON – Fannie Mae and Freddie Mac are implementing big reforms aimed at helping those in disadvantaged communities become homeowners and making sure homebuyers of color stay owners. The initiative from the two federally backed home mortgage companies announced Wednesday is the most sweeping overhaul since the housing crash in 2008. Some of the big-ticket items exclusively reviewed by USA TODAY include assistance with down payments, reserve funding for homeowners’ emergencies and lower mortgage insurance premiums. Fannie Mae and Freddie Mac are also rolling out a new credit reporting system that...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  The move, backed by NAR, gives HUD flexibility to boost affordable housing in various ways, such as advocating for zoning changes and working with local officials. WASHINGTON – The Department of Housing and Urban Development (HUD)announced a new program designed to help the nation’s housing supply shortage by boosting affordable housing. HUD’s “Our Way Home” goal is to increase the U.S. housing supply by helping local communities preserve and add affordable housing in their area, both for rentals and homeownership. The process is flexible, and HUD expects it to include several initiatives, like advocating for zoning changes, holding roundtables to engage local and state leadership for solutions, and more. The National Association of Realtors® (NAR) welcomed HUD’s announcement to comb...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Over the last two years, the rate of home prices appreciated at a dramatic pace. While that led to incredible equity gains for homeowners, it’s also caused some buyers to wonder if home prices will fall. It’s important to know the housing market isn’t a bubble about to burst, and home price growth is supported by strong market fundamentals. 3.9KSHARES 3.5K 117 23 288   To understand why price declines are unlikely, it’s important to explore what caused home prices to rise so much recently, and where experts say home prices are headed. Here’s what you need to know. Home Prices Rose Significantly in Recent Years The graph below uses the latest data from CoreLogic to illustrate the rise in home prices over the past year and a half. The gray bars represent the dramatic increase in the rate ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there’s concrete data to show why this is nothing like the last time. There’s a Shortage of Homes on the Market Today, Not a Surplus The supply of inventory needed to sustain a normal real estate market is approximately six months. Anything more than that is an overabundance and will causes prices to depreciate. Anything less than that is a shortage and will lead to continued price appreciation. For historical context, there were too many homes for sale during the housing crisis (many of which were ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Housing remained resilient – Fla. more than many states – but signs suggest a slowdown in price increases. Still, investors moving away from stocks may be a wild card. courtneyk, iStock, Getty Images By Don Magruder Housing remained resilient – Fla. more than many states – but signs suggest a slowdown in price increases. Still, investors moving away from stocks may be a wild card. NEW YORK – The Florida and national housing market remain very strong by every metric, but the overall health of the United States’ economy, inflation worries, interest rate hikes, and the downward spiral of many investment markets are starting to create some buts in the housing forecast long-term. The overall economy will affect housing especially with regard to increased interest rates, but through the firs...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and demand. 1.9KSHARES 1.6K 105 20 205 What’s Causing Ongoing Home Price Appreciation?   While Growing, Housing Supply Is Still Low Even though inventory is increasing this year as the market moderates, supply is still low. The graph below helps tell the story of why there still aren’t enough homes on the market today. It uses data from the Census to show the number of single-family homes that were built in this country going all the way ba...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Bottom Line "There Is A Realtor For That" If you’re ready to buy or sell a home Charles Stallions with over 27 years of experience will give you expert advice on your specific situation. Buying Or Selling while living on the Gulf Coast Sign up for our Monthly NewsletterWe are Ambassadors for all things Pensacola, Pace, or Gulf Breeze, Florida whether a first-time guest or a frequent visitor when you need to know something, an excellent place to eat, who's hiring or just a real estate question do as the locals do call or text Charles Stallions at 850-476-4494 or email charles@charlesstallions.com It's "Who We "R"!  Should You Buy a Home with Inflation This High? 2.0KSHARES 1.6K 119 24 226 While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflat...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Hisham Ibrahim, PhotoDisc, Getty Images  By Holden LewisThe Fed’s 0.5% increase in a key interest rate this week is an aggressive move to slow inflation. But borrowing money to buy or fix up a home will cost more. MENLO PARK, Calif. – The Federal Reserve yanked a short-term interest rate higher this week, making it more expensive to borrow money to buy a home or fix it up. All in the name of slowing inflation. The central bank raised the federal funds rate Wednesday by 0.5%, or half a percentage point. The Fed hadn’t raised the federal funds rate by half a percentage point in one meeting since 2000. The 0.5% increase is considered a “hawkish,” or aggressively anti-inflationary, move. Prominent Fed officials had been hinting for weeks that they would deliver a larger-than-usual rate inc...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Freder / Getty Images  Lending Tree survey: 75% say they dislike at least one of their neighbors, either due to noise, rudeness, problem pets, messy yards or ‘weird vibes.’ CHARLOTTE, N.C. – Many Americans say they aren’t happy with their neighbor, whether it’s due to “weird vibes,” noise or rudeness, finds a new survey of more than 1,500 consumers from LendingTree. Nearly three-quarters of Americans say they dislike at least one of their neighbors. Twenty-three percent of respondents say they’ve called the police on their neighbors. And, more than one in 10 Americans say they’ve moved because they didn’t like their neighbors. Broken out by age group, the younger generation – Gen Z – were more than twice as likely as baby boomers to say they hate the smell of cigarette-smoking neighbor...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
One of the greatest things in life that you can do for yourself, your family, and your community is owning a home. It is documented that homeowners are happier and more stable, their kids do better in school and all things lead to a better financial future here are three extra tips to get you going.  3 Strategies to Meet Your Financial Goals Many of us get stuck when we think about making smart financial decisions in the present to prepare for some imaginary future. It’s perfectly normal—research shows that our brains look at our future self as a stranger. And who wants to give up fun now to benefit a stranger in the future?C’mon. Don’t fool yourself. If given the opportunity to buy that new car now or give a new car to a stranger in 20 years, which would you choose? Most of us would c...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  Housing Experts Say This Isn’t a Bubble   so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. Here’s why economists and industry experts say the housing market is not a bubble ready to pop. Today Is Nothing Like 2008 The 2008 housing crash is still fresh in the minds of many homebuyers and sellers. But today’s market is different. Odeta Kushi, Deputy Chief Economist at First American, says: “This is not the same market of 2008. . . . It’s no secret the housing market played a central role in the Great Recession, but this market is just fundamentally different in so many ways.” Natali...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision. 299SHARES 0 100 17 182 Should I Buy a Home Right Now? The Future of Home Price Appreciation Each quarter, Pulsenomics surveys a national panel of over 100 economists, real estate experts, and investment and market strategists to compile projections for the future of home price appreciation. The output is the Home Price Expectation Survey. In the latest release, it forecasts home prices will continue appreciating over the next five years (see graph below): As the graph shows, the rate of appreciation will moderate over the next few years a...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  341SHARES 0 111 16 214 The Drop in Mortgage Rates Brings Good News for Homebuyers Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from 5.81% two weeks prior (see graph below): But why is this recent dip such good news for homebuyers? As Nadia Evangelou, Senior Economist and Director of Forecasting at the National Association of Realtors (NAR), explains: “According to Freddie Mac, the 30-year fixed mortgage rate dropped sharply by 40 basis points to 5.3 percent. . . . As a ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
Is Homeownership Still the American Dream? 1.2KSHARES 1.0K 69 0 140 Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial investment, and an achievement to be proud of. A recent survey from Bankrate asked respondents to rank achievements as indicators of financial success, and the responses prove that owning a home is still important to so many Americans today (see graph below): As the graph shows, homeownership ranks above other significant milestones, including retirement, having a successful car...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
  How Your Equity Can Grow over Time                                   2.0KSHARES 1.8K 81 20 144 It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.” That’s great for your home’s value over the last couple of years, but what if you’ve lived in your home for longer than that? You may be wondering how much equity you truly have. The National Association of Realtors (NAR) has done a study to calculate the typical equity gains over longer spans of time. The data they compiled could be enough to motivate you to move. Just ...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
 FacebookTwitterLinkedInPrintShare DeSantis Green Lights Hometown Heroes HousingThe $100M program, a top Florida Realtors priority, will provide zero-interest loans to be used toward down payment and closing costs – up to 5% of the loan or $25K. TALLAHASSEE, Fla. – During a press conference in Southwest Florida on Monday, Florida Governor Ron DeSantis announced the launch of Florida Realtors® top 2022 legislative priority, the Hometown Heroes Housing Program (HHHP). Administered by the Florida Housing Finance Corporation (FHFC), HHHP would reduce the upfront costs for qualifying hometown heroes by providing zero-interest loans to help with down payment and closing costs, up to a limit of 5% of the first mortgage loan or $25,000. Florida Realtors worked closely with the Florida Legislat...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
makromeyda/Getty Images Plus tterLinkedInPrintShare Agents: Buyers More Interested in ‘Green Features’By Nathan CobbPanhandle Realtors note an uptick in interest for energy-efficient homes, but it comes with a downside: Many homebuyers can’t afford the increased cost. PANAMA CITY BEACH, Fla. – Local real estate agents say energy-efficient homes are becoming more popular. However, the “green features” in these homes can be quite expensive, which could be a turnoff for some buyers since home prices in Bay County already are out of reach for many families. According to the Central Panhandle Association of Realtors, there was a more than 30% jump from 2021 to 2022 in the number of real estate agents and brokers across the United States who said they helped a client buy or sell a “green” ho...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
From fake closing information to searching obituaries it is a scammer's dream but it doesn't have to be your nightmare. Check twice when signing documents and always call to make sure of what you are doing. It is just me but I do nothing online when it comes to transferring title or even getting a loan, print it and mail it or scan it and always checked the email of where it is going. Internet Scammer Faked Real Estate Sales, RentalsBy David J. NealFaked online sales and rentals netted a criminal $300K from 45 Fla. families. The scam included fake title companies, websites, title agents and email addresses. LOXAHATCHEE, Fla. – Real estate fraud is as old as Florida, but the $300,000 scam that the Florida Department of Law Enforcement (FDLE) credits to a Loxahatchee woman possesses a tho...
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By Charles Stallions, 850-476-4494 - Pensacola, Pace or Gulf Breeze, Fl.
(Charles Stallions Real Estate Services )
It is in a trifecta market when prices for sellers meet low-interest rates for buyers and low inventory.  Two Reasons Why Today’s Housing Market Isn’t a Bubble 2.3KSHARES 2.0K 93 21 187 You may be reading headlines and hearing talk about a potential housing bubble or a crash, but it’s important to understand that the data and expert opinions tell a different story. A recent survey from Pulsenomics asked over one hundred housing market experts and real estate economists if they believe the housing market is in a bubble. The results indicate most experts don’t think that’s the case (see graph below): As the graph shows, a strong majority (60%) said the real estate market is not currently in a bubble. In the same survey, experts give the following reasons why this isn’t like 2008: The rece...
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