WOW! I AM SO EXCITED TO SHARE THIS LONG AWAITED YET EXPECTED NEWS ABOUT OUR BEAUTIFUL AREA! No, it's not about BP, nor the grand celebration of our very own Panama City Beach International Airport, but it's the expected optomistic and exciting news release regarding our HOME VALUES!
If you did not catch the article last week regarding America's Strongest Housing Markets in 2014, here's a recap with some local stats.
Biggest home price increase projected in 2014:
Coming in #6 in the United States:
PANAMA CITY-LYNN HAVEN-PANAMA CITY BEACH METRO AREA.
Forecast 4-year price increase: 26.9 percent
Current median price: $158,669*
Prices to reach trough in: 2010 Q3
Median family income: $53,800
Population: 164,770
Home prices in the Panama City area fell about 27 percent after hitting a peak between 2005 and 2006, according to the FHFA home price index. Agents have shared the feeling that our local market was stabilizing earlier this year, but the BP oil spill led some buyers to cancel their contracts and rethink about buying in the area. Despite the area’s large number of foreclosures (1.93 percent in the first half, according to RealtyTrac), agents believes the new Beaches' International Airport which opened in May would help stimulate our local economy. The area's unemployment rate reached 12.1 percent in January and dropped to 9.3 percent in June, according to BLS data.
After many buyers who were sitting on the fence realized that our beaches were not closing due to the BP situation and that the area was still a great market to invest in, plus with interest rates at the lowest rates we have seen in perhaps the last 10 years, buyers decided to hit the streets again for some great deals.
I personally have had a better first year in 2010 than in 2009 so I am even more excited to see how we finish the year in 2010. I know sunny days are ahead!
So, buyers, call me now so I can find you the best deals on the beach! Sellers, if you have wanted to move up and could not afford to before, now you can buy that new home at an incredible value before that "move up" home value is no longer within reach!
Have a terrific end of sunmmer, watch out for our returning students beginning Wednesday when school opens, and remember, there is LIGHT AT THE END OF THE TUNNEL!
Your Friend and Professional Realtor, Karen
Karen Branham, CRS*
Broker Associate, SFR, SRES, e-Pro
"Exceptional Service"
Coldwell Banker United, Realtors
850-832-8626
http://www.KarenBranham.com
*CRS - Designation Earned by ONLY 4% of Realtors Nationally
Showing posts with label homes. Show all posts
Showing posts with label homes. Show all posts
Tuesday, August 10, 2010
Friday, January 1, 2010
Panama City's Star Looks Bright in 2010
The following article comes from the News Herald's Fri., Jan. 1, edition. We all love optomistic news like this!
SCARLET SIMS / News Herald Writer
PANAMA CITY — Panama City’s economy will be a shooting star during the next two years, local business leaders and economists said Thursday.
“The future is really bright for Panama City,” said Rick Harper, director of the University of West Florida’s Haas Center for Business Research and Economic Development. “2010 is the year to be pulling out of the economic trough. It is really the recovery year.”
This past year hit Bay County hard. Median home and condominium sale prices have plummeted, foreclosures are up and unemployment is high. Last month, Bay County reached 10.7 percent unemployment and it may go higher, economists say. Harper said Bay County’s economic woes are bottoming out. Next year will be better, especially the second half when the economy begins to rebound, he said.
Bright spots persisted in 2009 and will continue next year, said Beth Oltman, Panama City Beach Chamber of Commerce president. Area leaders pointed to Southwest as the No. 1 event impacting the business community in 2009. Southwest Airlines’ decision to be the low-cost carrier for the new international airport means Bay County is poised for growth, they said.
“We’re all living on the hopes of the new airport,” Oltman said.
Southwest is drawing the interest of other companies wanting to locate at the new airport’s industrial park, setting the stage for a better 2010. Harper said Southwest will draw tourists and military contractors.
“Southwest is going to be huge for Panama City and South Walton,” Harper said.
More companies mean more jobs, said Kim Bodine, Gulf Coast Workforce Board executive director, in an e-mail. She expects the local recovery to have fits and starts, but joblessness should lessen in 2010. Southwest’s decision increases the area’s visibility and opens the market for more visitors, which will immediately help the tourism market.
“It really broadens our reach,” Bodine said.
Bay County must work to bring more jobs to the area to recover fully from the worst recession in at least 20 years locally. Banks must be confident in loaning money, the county or state must offer incentives for new companies to locate in Bay County and the county must do what it can to be a business-friendly community, Bodine said. The airport is a great start, she said, but the workforce should still consider retraining or improving skills to meet future business demands.
In the short term, this spring’s tourism turnout is expected to be strong, Oltman said. Bodine hoped to expand existing businesses or bring in enough new companies to offset job losses when the tourism season ends.
“With the opening of the airport in May of 2010, this region will begin to see a surge of activity that we have probably never experienced and will assist us in a rapid recovery from the economic downturn,” said Bay County Chamber of Commerce President Carol Roberts in e-mail.
That growth probably won’t be strong until 2011, but when it hits, it will be faster than Tallahassee’s recovery and most of Northwest Florida, Harper said.
“I think the stage is set for robust growth in Panama City,” Harper said.
MAY THIS NEW YEAR BRING YOU GOOD HEALTH, HAPPINESS AND TERRIFIC REAL ESTATE VALUES! Karen
Karen Branham, REALTOR
Associate Broker, e-Pro, SRES, SFR
Coldwell Banker United, REALTORS
THE BRANHAM TEAM
"Exceptional Service"
726 Thomas Drive
Panama City Beach, FL 32408
Direct: 850-832-8626
Email: karen.branham@cbunited.com
Visit my website and blog at http://www.karenbranham.com
Please share my name with your family, friends and colleagues.
SCARLET SIMS / News Herald Writer
PANAMA CITY — Panama City’s economy will be a shooting star during the next two years, local business leaders and economists said Thursday.
“The future is really bright for Panama City,” said Rick Harper, director of the University of West Florida’s Haas Center for Business Research and Economic Development. “2010 is the year to be pulling out of the economic trough. It is really the recovery year.”
This past year hit Bay County hard. Median home and condominium sale prices have plummeted, foreclosures are up and unemployment is high. Last month, Bay County reached 10.7 percent unemployment and it may go higher, economists say. Harper said Bay County’s economic woes are bottoming out. Next year will be better, especially the second half when the economy begins to rebound, he said.
Bright spots persisted in 2009 and will continue next year, said Beth Oltman, Panama City Beach Chamber of Commerce president. Area leaders pointed to Southwest as the No. 1 event impacting the business community in 2009. Southwest Airlines’ decision to be the low-cost carrier for the new international airport means Bay County is poised for growth, they said.
“We’re all living on the hopes of the new airport,” Oltman said.
Southwest is drawing the interest of other companies wanting to locate at the new airport’s industrial park, setting the stage for a better 2010. Harper said Southwest will draw tourists and military contractors.
“Southwest is going to be huge for Panama City and South Walton,” Harper said.
More companies mean more jobs, said Kim Bodine, Gulf Coast Workforce Board executive director, in an e-mail. She expects the local recovery to have fits and starts, but joblessness should lessen in 2010. Southwest’s decision increases the area’s visibility and opens the market for more visitors, which will immediately help the tourism market.
“It really broadens our reach,” Bodine said.
Bay County must work to bring more jobs to the area to recover fully from the worst recession in at least 20 years locally. Banks must be confident in loaning money, the county or state must offer incentives for new companies to locate in Bay County and the county must do what it can to be a business-friendly community, Bodine said. The airport is a great start, she said, but the workforce should still consider retraining or improving skills to meet future business demands.
In the short term, this spring’s tourism turnout is expected to be strong, Oltman said. Bodine hoped to expand existing businesses or bring in enough new companies to offset job losses when the tourism season ends.
“With the opening of the airport in May of 2010, this region will begin to see a surge of activity that we have probably never experienced and will assist us in a rapid recovery from the economic downturn,” said Bay County Chamber of Commerce President Carol Roberts in e-mail.
That growth probably won’t be strong until 2011, but when it hits, it will be faster than Tallahassee’s recovery and most of Northwest Florida, Harper said.
“I think the stage is set for robust growth in Panama City,” Harper said.
MAY THIS NEW YEAR BRING YOU GOOD HEALTH, HAPPINESS AND TERRIFIC REAL ESTATE VALUES! Karen
Karen Branham, REALTOR
Associate Broker, e-Pro, SRES, SFR
Coldwell Banker United, REALTORS
THE BRANHAM TEAM
"Exceptional Service"
726 Thomas Drive
Panama City Beach, FL 32408
Direct: 850-832-8626
Email: karen.branham@cbunited.com
Visit my website and blog at http://www.karenbranham.com
Please share my name with your family, friends and colleagues.
Sunday, December 20, 2009
Got Your Home Exemption?
This post is a reminder for everyone regarding your Homestead Exemption.
What is the Homestead Exemption? A homestead exemption reduces the taxable value of the property that you use as your permanent residence by an amount up to $50,000. This represents a substantial savings on the taxes levied against your property by the various taxing authorities.
Who May File. Every person who has legal or equitable title to real property in Florida and who has recorded the title instrument in the public records of the county where application is made. The applicant must reside on the property as of January 1st and must in good faith, make it their permanent residence to be eligible. For example, if you were residing in your permanent residence on Jan. 1, 2009, then you are eligible for a 2009 homestead exemption.
When to File. Exemption applications must be made between January 1st and March 1st for the tax year eligible. For example, if you are living in your permanent home on January 1st, 2009 then you have until the close of business of March 1, 2009 to file your homestead exemption for that year. Failure to make application by March 1 of the tax year shall constitute a waiver of the exemption privilege for that year. Homestead exemption applications may be filed after March 1, but the exemption will be applied in the next tax year. For example, if you move into your permanent home on April 1, 2009 you may file for your 2010 exemption anytime from April 2, 2009 through March 1, 2010.
Where to File:
Bay County Florida Property Appraiser's Office
860 W. 11th St.
Panama City, FL 32401
Office: (850) 248-8401
Fax: (850) 248-8447
Hours: 8AM-5PM CST Monday-Friday
Beach Office
301 Richard Jackson Blvd.
Panama City Beach, FL. 32407
"Inside Panhandle Educators Federal Credit Union"
Branch Manager: Vern Mathis
Phone: 850-236-3234
Fax: 850-236-3236
Hours: 9:00 to 5:00 Monday through Friday
Only one signature is required for joint owners who are married with the same last name; however, all documentation listed below must be provided. All signatures are necessary if owners who occupy the home have different last names.
The Following Information Is Required.
1. Recorded Warranty Deed or last tax bill.
2. Florida Driver License reflecting current residential address: all joint owners who reside on the property need Florida Driver Licenses. (Valid in Florida Only licenses are NOT sufficient).
3. Florida Vehicle Registrations reflecting current residential address. All vehicles owned by the applicants must have resident Florida registrations. This also applies to military personnel. Leased vehicles and nonresident registrations NOT accepted.
4. Social Security Numbers. Social Security numbers are required for all owners listed on the deed.
5. Declaration of Domicile or Florida Voter Registration Card reflecting current residential address. If an owner does not have a car registered in their name, one of these documents will be required as proof of residency.
Renewal. The Property Appraisers Office will mail you a renewal card each year in January. Please read the instructions carefully and be sure to comply with deadlines.
For more info, please visit the Property Appraiser's site by clicking here.
From my family to yours, have a wonderful, safe holiday!
Karen Branham, e-Pro, SFR, SRES, Broker Associate
THE BRANHAM TEAM
"Exceptional Service"
Coldwell Banker United, Realtors
726 Thomas Drive
Panama City Beach, FL 32407
Telephone: 850-832-8626
Email: karen.branham@cbunited.com
Website: http://www.KarenBranham.com
What is the Homestead Exemption? A homestead exemption reduces the taxable value of the property that you use as your permanent residence by an amount up to $50,000. This represents a substantial savings on the taxes levied against your property by the various taxing authorities.
Who May File. Every person who has legal or equitable title to real property in Florida and who has recorded the title instrument in the public records of the county where application is made. The applicant must reside on the property as of January 1st and must in good faith, make it their permanent residence to be eligible. For example, if you were residing in your permanent residence on Jan. 1, 2009, then you are eligible for a 2009 homestead exemption.
When to File. Exemption applications must be made between January 1st and March 1st for the tax year eligible. For example, if you are living in your permanent home on January 1st, 2009 then you have until the close of business of March 1, 2009 to file your homestead exemption for that year. Failure to make application by March 1 of the tax year shall constitute a waiver of the exemption privilege for that year. Homestead exemption applications may be filed after March 1, but the exemption will be applied in the next tax year. For example, if you move into your permanent home on April 1, 2009 you may file for your 2010 exemption anytime from April 2, 2009 through March 1, 2010.
Where to File:
Bay County Florida Property Appraiser's Office
860 W. 11th St.
Panama City, FL 32401
Office: (850) 248-8401
Fax: (850) 248-8447
Hours: 8AM-5PM CST Monday-Friday
Beach Office
301 Richard Jackson Blvd.
Panama City Beach, FL. 32407
"Inside Panhandle Educators Federal Credit Union"
Branch Manager: Vern Mathis
Phone: 850-236-3234
Fax: 850-236-3236
Hours: 9:00 to 5:00 Monday through Friday
Only one signature is required for joint owners who are married with the same last name; however, all documentation listed below must be provided. All signatures are necessary if owners who occupy the home have different last names.
The Following Information Is Required.
1. Recorded Warranty Deed or last tax bill.
2. Florida Driver License reflecting current residential address: all joint owners who reside on the property need Florida Driver Licenses. (Valid in Florida Only licenses are NOT sufficient).
3. Florida Vehicle Registrations reflecting current residential address. All vehicles owned by the applicants must have resident Florida registrations. This also applies to military personnel. Leased vehicles and nonresident registrations NOT accepted.
4. Social Security Numbers. Social Security numbers are required for all owners listed on the deed.
5. Declaration of Domicile or Florida Voter Registration Card reflecting current residential address. If an owner does not have a car registered in their name, one of these documents will be required as proof of residency.
Renewal. The Property Appraisers Office will mail you a renewal card each year in January. Please read the instructions carefully and be sure to comply with deadlines.
For more info, please visit the Property Appraiser's site by clicking here.
From my family to yours, have a wonderful, safe holiday!
Karen Branham, e-Pro, SFR, SRES, Broker Associate
THE BRANHAM TEAM
"Exceptional Service"
Coldwell Banker United, Realtors
726 Thomas Drive
Panama City Beach, FL 32407
Telephone: 850-832-8626
Email: karen.branham@cbunited.com
Website: http://www.KarenBranham.com
Thursday, December 10, 2009
NORTHWEST FLORIDA named as a "Top 12 Travel Destination" of the year!
Here's a terrific article from yesterday's New Herald. Go Panama City Beach area!
Travel guide high on Northwest Florida
DUSTY RICKETTS / Florida Freedom Newspapers
2009-12-07 21:18:19
Northwest Florida residents who want to visit one of the top tourist destinations in the world for 2010 need only step outside. Frommer’s Travel Guide, one of the best-selling travel guides in the world with more than 75 million books sold, recently named the Florida Panhandle beaches as one of its top 12 travel destinations for next year.
Other areas that made Frommer’s list are Tunisia in North Africa; Hanoi, Vietnam; and Melbourne, Australia. The only other American locale that made the list was Hawaii’s Big Island.
“It’s a big deal,” said Beth Oltman, Panama City Beach Chamber of Commerce CEO and president. “We’re very proud.”
Not only are the sugar-white beaches a draw for tourists, but the whole area also is becoming a thriving community, Oltman said.
“I think it’s great. Anytime you can get national recognition is a feather in your cap,” said Tracy Louthain, director of public relations for the Beaches of South Walton Tourist Development Council. “It really gets people to pay attention to you. I think the timing is good with the opening of the new airport in Panama City in 2010. There are a lot of reasons to focus on this region of the state right now.”
Northwest Florida has been suggested for inclusion in the list of top destination choices in the past, but this was the first year it made the final cut, said David Lytle, editorial director of frommers.com.
“It fit our list for the year,” Lytle said. “It’s an American destination; part of it is overlooked oftentimes. It’s got some economical choices. A family can still afford to take a vacation to the Florida Panhandle.
“It’s a gorgeous part of the country,” he added. “People tend to think of Florida, and they either think of the theme parks or they think of southern Florida. We want to give another part of the state its due as well.”
Frommer’s list of the top tourist destinations for next year will be seen by people from all over the world and will help draw new visitors to the area, said Darrel Jones, executive director of the Okaloosa County Tourist Development Council.
“It’s a great thing for opening this area up to the world,” Jones said. “Advertising like this, you couldn’t pay for.”
All three tourist organizations plan to use the recognition from Frommer’s in their upcoming publicity measures, including updating their Web sites to include information on the list.
“With the economy, I think that’s important that people understand you can come to this area and have a great time, great vacation and not cost you a small fortune,” Jones said.
News Herald Writer Scarlet Sims contributed to this story.
Well, this recognition is terrific for all of us, and we are hopeful news like this will continue to help our corner of the world proceed nicely towards a path of recovery for all of us.
Have an AWESOME week everyone! Karen
Karen Branham, e-Pro-SRES, SFR, Broker Associate
THE BRANHAM TEAM
"Exceptional Service"
Coldwell Banker United, Realtors
Direct: 850-832-8626
Website: http://www.karenbranham.com
Mailto: karen.branham@cbunited.com
Travel guide high on Northwest Florida
DUSTY RICKETTS / Florida Freedom Newspapers
2009-12-07 21:18:19
Northwest Florida residents who want to visit one of the top tourist destinations in the world for 2010 need only step outside. Frommer’s Travel Guide, one of the best-selling travel guides in the world with more than 75 million books sold, recently named the Florida Panhandle beaches as one of its top 12 travel destinations for next year.
Other areas that made Frommer’s list are Tunisia in North Africa; Hanoi, Vietnam; and Melbourne, Australia. The only other American locale that made the list was Hawaii’s Big Island.
“It’s a big deal,” said Beth Oltman, Panama City Beach Chamber of Commerce CEO and president. “We’re very proud.”
Not only are the sugar-white beaches a draw for tourists, but the whole area also is becoming a thriving community, Oltman said.
“I think it’s great. Anytime you can get national recognition is a feather in your cap,” said Tracy Louthain, director of public relations for the Beaches of South Walton Tourist Development Council. “It really gets people to pay attention to you. I think the timing is good with the opening of the new airport in Panama City in 2010. There are a lot of reasons to focus on this region of the state right now.”
Northwest Florida has been suggested for inclusion in the list of top destination choices in the past, but this was the first year it made the final cut, said David Lytle, editorial director of frommers.com.
“It fit our list for the year,” Lytle said. “It’s an American destination; part of it is overlooked oftentimes. It’s got some economical choices. A family can still afford to take a vacation to the Florida Panhandle.
“It’s a gorgeous part of the country,” he added. “People tend to think of Florida, and they either think of the theme parks or they think of southern Florida. We want to give another part of the state its due as well.”
Frommer’s list of the top tourist destinations for next year will be seen by people from all over the world and will help draw new visitors to the area, said Darrel Jones, executive director of the Okaloosa County Tourist Development Council.
“It’s a great thing for opening this area up to the world,” Jones said. “Advertising like this, you couldn’t pay for.”
All three tourist organizations plan to use the recognition from Frommer’s in their upcoming publicity measures, including updating their Web sites to include information on the list.
“With the economy, I think that’s important that people understand you can come to this area and have a great time, great vacation and not cost you a small fortune,” Jones said.
News Herald Writer Scarlet Sims contributed to this story.
Well, this recognition is terrific for all of us, and we are hopeful news like this will continue to help our corner of the world proceed nicely towards a path of recovery for all of us.
Have an AWESOME week everyone! Karen
Karen Branham, e-Pro-SRES, SFR, Broker Associate
THE BRANHAM TEAM
"Exceptional Service"
Coldwell Banker United, Realtors
Direct: 850-832-8626
Website: http://www.karenbranham.com
Mailto: karen.branham@cbunited.com
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