News

Baby Boomers Preferring Housing to Reflect Lifestyle

*Published Mon, Sep 21 2020 | Updated Thu, Sep 24 2020 on cnbc.com

The new retirement living: 
More baby boomers shun housing mega-developments

Where to live in one's golden years is one of the most significant decisions a new retiree has to make, and the traditional notion of retirement is changing.
The old formula of cookie-cutter retirement communities is being challenged by the rise of customizable living arrangements.  Sprawling housing developments in retirement havens like Florida are becoming less desirable and, as people live longer, they want their retirement to reflect their lifestyle choices.
To read the rest of the article, click here.

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Home Purchasing Reaches Highest Level in OVER a Decade

**Posted on Eye on Housing September 23, 2020

For the week ending September 18, 2020, the Mortgage Bankers Association's latest Weekly Application Survey showed a jump in application activity, both in purchasing and refinancing.

The Purchasing Activity reached its highest level since January 2009.

Click Here to Read the Entire Article. 

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Existing Home Sales Continue Record Rebound in July!

*By Fan-Yu Kuo on August 21, 2020 at eyeonhousing.org

Existing Home Sales Continue Record Rebound in July

Boosted by historically low mortgage rates, existing home sales, as reported by the National Association of Realtors (NAR), posted another record increase in July and surpassed pre-pandemic levels.

Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, soared 24.7% to a seasonally adjusted annual rate of 5.86 million in July, the largest monthly gain on record and the highest level since December 2006. On a year-over-year basis, sales were 8.7% higher than a year ago.

To read the entire article
CLICK HERE.

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How Living by the Ocean Can Improve Your Health

*Published August 2, 2020 at 30a.com/seaside-living/

Not only do we enjoy the world-famous, white, sandy beaches of Northwest Florida because of their beauty, did you know that living on the Emerald Coast can actually improve your health?

Click here to find out the health benefits of living along the Gulf Coast!

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New Home Sales Jump in June!


NEW HOME SALES JUMP IN JUNE

New single-family home sales jumped in June, as housing demand was supported by low interest rates, a renewed consumer focus on the importance of housing, and rising demand in lower-density markets like suburbs and exurbs.

Census and HUD estimated new home sales in June at a 776,000 seasonally adjusted annual pace, a 14% gain over May and the strongest seasonally adjusted annual rate since the Great Recession. The April data (571,000 annualized pace) marks the low point of sales for the current recession. The April rate was 26% lower than the prior peak, pre-recession rate set in January.

Click here to read the entire article.

*Article by Robert Dietz on July 24, 2020 on eyeonhousing.org

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The Red Bar Returns in Grayton Beach!


The Red Bar has returned to Grayton Beach after the original structure had been destroyed by fire over 17 months ago.  Original owners and brothers, Oli and Phillipe Petit, have closely followed the original building plans of the previous 100-year-old structure.  They even commissioned 2 of the local artists who had painted the original sign that hung on the side of the building and the famous Front Door of the establishment.

As you walk in the Bar you'll notice the same eclectic and vintage feel that you came to know and love.  The Petit brothers spent months curating antiques, posters and art to give the same "funky" feel from the past.

Whether you're a Local or long-time establishment-lover make a point to stop in and say "Hi"!

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Berkshire Hathaway HomeServices Beach Properties of Florida Ranks among Top Brokerages!

Berkshire Hathaway HomeServices Beach Properties of Florida is pleased to announce that it has been included in the newly released Swanepoel Mega 1000 for the 2nd straight year.

The Swanepoel Mega 1000 ranks the top 1000 brokerages, top 20 Franchisors and top 20 holding companies.  Criteria for these distinctions, including annual sales volume, transaction sides and agent counts are used to determine the results of these rankings.

If you would like to read the 2nd Annual Mega 1000 click here.

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Home Refinancing Surges

Home Refinancing Surges
The Mortgage Bankers Association’s (MBA) latest Weekly Application shows an uptick in applications for the week ending July 10, 2020. The Market Composite Index increased by 5.1% from the previous week on a seasonally adjusted basis, owing mainly to the surge in refinancing activity of 11.9% compared to a week before. The increase was partially offset by the slowdown of purchasing activity by 6.1%. The MBA’s 30-year fixed-rate mortgage rate fell to a new record low of 3.19%, sliding by 7 basis points from the previous week. Refinance applications increased slightly, of which the main contributor was the increase in conventional refinances.
Throughout the pandemic, the weekly fluctuations have underrepresented the outsized gains seen in mortgage activity as measured on a year-over-year basis. On an unadjusted basis, the current Purchase Index was 16% higher than what it was the same week one year ago while the Refinance Index was 107% higher than what it was the same week one year ago. Also, on a year-over-year basis, the Refinance and Purchase Indexes have moved in tandem with each other since the beginning of 2019...

New Update on the Camp Creek Golf Course Renovation!

Take a Look at the Progress Made on the
Camp Creek Golf Course Renovation Project

Located between Hwy 98 & Scenic Hwy 30A, the entire 18-Hole Course is being re-grassed and Bunkers refurbished.  Clean-up of the native areas, along with new natural walking paths for those who love walking the course.  Golf Cart paths are being repaired. All of this with enhance your Golfing experience at Camp Creek!

Work has been progressing since March and is expected to be complete and Course re-open by this Fall!

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