Downtown Pensacola Real Estate News

Pensacola Area Real Estate - Keeping it real

noreply@blogger.com (Chris Reid) — Tue, 28 Oct 2008 19:29:00 +0000

The current economic condition along with the anticipation of the upcoming presidential election has gotten many of us feeling a bit anxious and uncertain with what the future holds, not to mention where we stand today.

Here are some facts about today's real estate market in the greater Pensacola area and beyond:

New home sales recorded an unexpected 2.7 percent increase in September - economists had expected a decline.
Compared to a year ago, consumers are confident that we are in a buyers' market - new home prices have dropped 9.1% since September 2007, we are at the lowest prices since 2004.
Current interest rates are holding at historic lows - hovering around 6%.
Home financing IS available to qualified buyers.
Real estate continues to be a safe long term investment, AND unlike other investments, it is tangible real property.

Pensacola Area Real Estate - Market Trends

noreply@blogger.com (Chris Reid) — Tue, 28 Oct 2008 19:24:00 +0000

This graph illustrates Residential Monthly Listings from 1999-2008.

These numbers are gathered from the Pensacola Association of Realtors monthly listings figures.

Pensacola Area Real Estate - Market Trends

noreply@blogger.com (Chris Reid) — Tue, 28 Oct 2008 19:16:00 +0000

This graph illustrates Residential Monthly Listing Sales from 1999-August 2008.

These numbers are gathered from the Pensacola Association of Realtors monthly sales figures.

Pensacola Area Real Estate - Mortgage Industry

noreply@blogger.com (Chris Reid) — Sun, 28 Sep 2008 22:26:00 +0000

In reference to the latest news of Fannie Mae, Freddie Mac and the Federal Government we have seen a dip in the Conforming Mortgage interest rates. As of mid-September the 30 fixed has been hovering around 6% with No Points. The rate is available for a primary or second home purchase as well as most rate term refinances with loan amounts up to $417,000.

The Federal backing of Fannie Mae and Freddie Mac is not designed to help those with existing mortgage struggles. It's intent is to give needed support to these institutions allowing for cash flow and thus making more mortgages available and more affordable with lower rates for those ready to buy or refinance a new home. This event is designed to give the mortgage industry stability in the market that we have not had in a couple of years.

The current market condition is providing opportunity for those who have been thinking about making a new home purchase.

Pensacola Area Real Estate - World's Safest Banks

noreply@blogger.com (Chris Reid) — Sun, 28 Sep 2008 22:06:00 +0000

The tempo of the current mortgage industry may have you wondering how safe your bank is. On September 4th, 2008, Global Finance magazine announced its annual ranking of the world's safest banks. The following is a link to the press release with elaboration of findings.

Marketing%20Flyer%20Safest%20Banks%202008%20%282%29.pdf

Downtown Pensacola - Friday Family Flick Night

noreply@blogger.com (Pensacola Real Estate Agent) — Thu, 10 Jul 2008 14:21:00 +0000

Friday Family Flick Night

A series of free outdoor family-friendly movies held at Commendencia Slip running May to September. Every third Friday with the exception of August 22, the Community Redevelopment Agency will host movies on a 3-story inflatable screen.

Bring chairs, lay out a blanket, share a picnic, sit back and listen to music playing in the background as the sun sets over the park. Then enjoy free movies under the stars. The event begin at 7:30 p.m. with the movie starting at dusk.

Friday Family Flicks is an initiative of the Community Redevelopment Agency highlighting family entertainment that downtown Pensacola has to offer.